Results 21 to 30 of about 494,164 (308)
Algorithms, 2020 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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A Generalization of Quantal Response Equilibrium via Perturbed Utility
Games, 2021 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
Entropy, 2014 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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Expected utility for probabilistic prospects and the common ratio property [PDF]
Yugoslav Journal of Operations Research, 2023 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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Subjective Expected Utility with State-Dependent but Action/Observation-Independent Preferences
Risks, 2018 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
Journal of Agricultural and Resource Economics, 2005 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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How do defendants choose their trial court? Evidence for a heuristic processing account [PDF]
Judgment and Decision Making, 2013 In jurisdictions with two or more tiers of criminal courts, some defendants can choose the type of trial court to be tried in. This may involve a trade-off between the probability of acquittal/conviction and the estimated severity of sentence if ...
Mandeep K. Dhami, David R. Mandel
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The effect of Risk Aversion on the Dynamic Selection of the Optimum Portfolio [PDF]
Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī, 2011 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
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Expected Information as Expected Utility
The Annals of Statistics, 1979 The normative procedure for the design of an experiment is to select a utility function, assess the probabilities, and to choose that design of maximum expected utility. One difficulty with this view is that a scientist typically does not have, nor can be normally expected to have, a clear idea of the utility of his results. An alternative is to design
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Pediatric Blood &Cancer, EarlyView.ABSTRACT Background An internal tandem duplication in the gene encoding Fms‐like tyrosine kinase 3 (FLT3‐ITD) is associated with high relapse risk and poor prognosis in acute myeloid leukemia (AML) and plays a crucial role in treatment decisions. Measurable residual disease (MRD) analysis of FLT3‐ITD during and after treatment has shown prognostic ...
Sofie Johansson Alm +11 more
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