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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
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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
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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
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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 +6 more sources
Expected utility without utility [PDF]
Theory and Decision, 1996 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
CASTAGNOLI E., LI CALZI, Marco
exaly +5 more sources
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
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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
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Structural assessment and expected utility gain
Acta Polytechnica CTU Proceedings, 2022 This paper contains an introduction, probabilistic formulation, and exemplification (1) of system state and utility actions, (2) system state and utility action value analysis and (3) a threshold formulation for a predicted information and action ...
Sebastian Thöns
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Cognitive influences on risk-seeking by rhesus macaques [PDF]
Judgment and Decision Making, 2008 Humans and other animals are idiosyncratically sensitive to risk, either preferring or avoiding options having the same value but differing in uncertainty.
Benjamin Y. Hayden +3 more
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Investigation of the Stochastic Choice under Risk using Experimental Data
Gadjah Mada International Journal of Business, 2020 This paper extends the analysis of the data from the experiment undertaken by Pradiptyo et al. (2015), to help explain the subjects’ behaviour when making decisions under risk.
Yudistira Permana +2 more
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