The expected utility principle is often used to compute the insurance premium through a second-order approximation of the expected value of the utility of losses.
Alessandro Mazzoccoli, Maurizio Naldi
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Expected utility for probabilistic prospects and the common ratio property [PDF]
We prove the existence of an expected utility function for preferences over probabilistic prospects satisfying Strict Monotonicity, Indifference, the Common Ratio Property, Substitution and Reducibility of Extreme Prospects.
Lahiri Somdeb
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A Generalization of Quantal Response Equilibrium via Perturbed Utility
We present a tractable generalization of quantal response equilibrium via non-expected utility preferences. In particular, we introduce concave perturbed utility games in which an individual has strategy-specific utility indices that depend on the ...
Roy Allen, John Rehbeck
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Normalized Expected Utility-Entropy Measure of Risk
Yang and Qiu proposed an expected utility-entropy (EU-E) measure of risk, which reflects an individual’s intuitive attitude toward risk. Luce et al.
Jiping Yang, Wanhua Qiu
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Subjective Expected Utility with State-Dependent but Action/Observation-Independent Preferences
Under state-dependent preferences, probabilities and units of scale of state-dependent utilities are not separately identified. In standard models, only their products matter to decisions.
Jacques H. Drèze
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Target Markets for Grain and Cotton Marketing Consultants and Market Information Systems
This paper examines the use of market consultants and market information systems by grain and cotton producers. A model of producer demand for marketing information and consultants is proposed that decomposes price received into exogenous and endogenous ...
Oscar Vergara +5 more
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The effect of Risk Aversion on the Dynamic Selection of the Optimum Portfolio [PDF]
Economic agents are constantly making decisions to maximize their expected utilities while accepting some risks. The question is that, how the efficient portfolio of the assets in a specific level of risk is formed to maximize the individual’s utility?
Seyed Babak Ebrahimi +3 more
doaj
Referral Patterns and Diagnostic Timeliness in Pediatric Cancer: A Hospital‐Based Study in Indonesia
ABSTRACT Background Timely diagnosis and treatment are critical for improving survival among children with cancer. In low‐ and middle‐income countries (LMICs), delays are common and may be influenced by fragmented referral pathways and diagnostic limitations.
Nur Melani Sari +5 more
wiley +1 more source
Deploying Experienced Utility in Health Economic Evaluation: A Quantitative Study
Background: 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
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Identifying Patterns of Hospitalizations Among Childhood Cancer Survivors: A Population‐Based Study
ABSTRACT Background Childhood cancer survivors (CCSs) experience more hospitalizations than the general population. We aimed to identify distinct hospitalization patterns among Queensland CCSs and the associated characteristics. Methods Cases (aged ≤14 years) diagnosed between 1995 and 2019 while residents of Queensland were identified through the ...
Hai Pham +7 more
wiley +1 more source

