Results 1 to 10 of about 1,764,628 (294)
Performance of Portfolios Based on the Expected Utility-Entropy Fund Rating Approach [PDF]
Entropy, 2021 Yang and Qiu proposed and reframed an expected utility–entropy (EU-E) based decision model. Later on, a similar numerical representation for a risky choice was axiomatically developed by Luce et al. under the condition of segregation.
Daniel Chiew +4 more
doaj +2 more sources
Generative Bayesian Computation for Maximum Expected Utility [PDF]
EntropyGenerative Bayesian Computation (GBC) methods are developed to provide an efficient computational solution for maximum expected utility (MEU). We propose a density-free generative method based on quantiles that naturally calculates expected utility as a ...
Nick Polson +2 more
doaj +2 more sources
Classical subjective expected utility. [PDF]
Proc Natl Acad Sci U S A, 2013 We consider decision makers who know that payoff-relevant observations are generated by a process that belongs to a given class M , as postulated in Wald [Wald A (1950) Statistical Decision Functions (Wiley, New York)].
Cerreia-Vioglio S +3 more
europepmc +7 more sources
Directed expected utility networks [PDF]
Decision Analysis, 2016 A variety of statistical graphical models have been defined to represent the conditional independences underlying a random vector of interest. Similarly, many different graphs embedding various types of preferential independences, such as, for example ...
Leonelli, Manuele, Smith, Jim Q.
core +6 more sources
Boundedly rational expected utility theory. [PDF]
J Risk Uncertain, 2018 We build a satisficing model of choice under risk which embeds Expected Utility Theory (EUT) into a boundedly rational deliberation process. The decision maker accumulates evidence for and against alternative options by repeatedly sampling from her underlying set of EU preferences until the evidence favouring one option satisfies her desired level of ...
Navarro-Martinez D +4 more
europepmc +7 more sources
Expected Utility without Parsimony [PDF]
Mathematical Social Sciences, 2014 URL des Documents de travail : http://ces.univ-paris1.fr/cesdp/cesdp2014.htmlDocuments de travail du Centre d'Economie de la Sorbonne 2014.48 - ISSN : 1955-611XThis paper seeks to interpret observable behavior and departures from Savage's model of ...
Billot, Antoine, Vergopoulos, Vassili
core +5 more sources
Deploying Experienced Utility in Health Economic Evaluation: A Quantitative Study [PDF]
Journal of Market Access & Health PolicyBackground: Expected utility has been deployed in order to predict health behaviour in health economic evaluation. However, only limited variance in health behaviour is explained by this construct.
Damien S. E. Broekharst +5 more
doaj +2 more sources
Random Rank-Dependent Expected Utility
Games, 2022 We present a novel characterization of random rank-dependent expected utility for finite datasets and finite prizes. As a byproduct, we obtain a characterization of random expected utility that works for finite datasets.
Nail Kashaev, Victor H. Aguiar
doaj +1 more source
Rethinking the eidos, genos, and diaphora of the health utility concept: a psychological perspective
Frontiers in Psychology, 2023 The notion of utility gained a strong foothold in health economics over the last decades. However, the concept of health utility has not yet been decisively or irrefutably defined and the definitions that exist often do not take into account the current ...
Damien S. E. Broekharst +5 more
doaj +1 more source
Uses of behavioral finance for description selected phenomena on the Polish insurance market [PDF]
Zeszyty Naukowe PTE w Zielonej Górze, 2021 The aim of this study is to analyse and explain selected phenomena observed on the Polish insurance market through the behavioral finance. The analysis focuses mainly on the description and explanation of deviations from instrumental rationality, which ...
Norbert Duczkowski
doaj +1 more source