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Expected Utility Theory with "Small Worlds" [PDF]
expected utility, decision making under ...
Gyntelberg, J., Hansen, Frank
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Expectations in Economic Theory.
The Economic Journal, 1966Harris Proschansky, S. A. Ozga
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Risk and Expected Utility Theory [PDF]
The paper re-expresses and complements arguments against the normative validity of expected utility theory in Robin Pope (1983, 1991a, 1991b, 1985, 1995, 2000, 2001, 2005,2006, 2007). The objections concern the neglect of the evolving stages of knowledge ahead (stages of what the future will bring) when such evolution is fundamental to an experience of
Robin Pope, Reinhard Selten
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Expected utility theory and the experiments
Empirical Economics, 1994The experimental evidence against expected utility theo or unconvincing. When one modifies the experiments to mi tends to support traditional theory.
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Expected Utility Theory and Psychology
2014Expected utility theory is a major theory of decision making under risk. Decision making under risk is a type of decision-making in which the probability distribution of the results is known. This expected utility theory is assumed in numerous theories of economics.
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1997
In Chapter 1, we observed that, in numerous experiments, the expected utility theory failed to explain the choice of individuals involved in decision-making under uncertainty. This led to a search for alternative theories of choice under uncertainty. In this chapter, we shall discuss some alternatives called non-expected utility theories, which have ...
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In Chapter 1, we observed that, in numerous experiments, the expected utility theory failed to explain the choice of individuals involved in decision-making under uncertainty. This led to a search for alternative theories of choice under uncertainty. In this chapter, we shall discuss some alternatives called non-expected utility theories, which have ...
openaire +2 more sources