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Probability of Ruin: A Useful Alternative to the Expected Utility Hypothesis in Firm Decision Making

1995
In any science there are frequently periods of time during which alternative hypotheses hold the allegiance of competing groups of scholars. When the competing theories outperform each other with respect to different classes of phenomena, so neither is clearly and universally superior to the other, then both theories will be adhered to for long periods
J. Ramsey
openaire   +2 more sources

Testing the expected utility maximization hypothesis with limited experimental data

Japan and the World Economy, 2004
Abstract In this article we use some old ideas of Franklin to derive the partial differential equation (St Robert Equation) characterizing the level curves of expected utility maximizing preferences over simple gambles. We also provide conditions under which an incomplete family of level curves permits an investigator to determine whether or not the ...
James B. Cooper   +2 more
openaire   +1 more source

Role of quantum correlations in daemonic expected utility

Physical Review A
Fluctuations can challenge the possibility of improving work extraction from quantum correlations. This uncertainty in the work extraction process can be addressed resorting to the expected utility hypothesis which can provide an optimal method for work ...
G. Francica, L. Dell’Anna
semanticscholar   +1 more source

Utility Bounce-Back (UBB) Hypothesis: The Power Of Expectation

SSRN Electronic Journal, 2014
Would you rather be told of a raise or a reduction in your level of satisfaction? The obvious answer for a rational utility maximizing consumer is a raise. That is why the Utility Bounce Back (UBB) Hypothesis is proposes that your utility will bounce back if a reduction is made via the lowest point to the mid-level than if it is directly lowered to the
openaire   +1 more source

Evidence for the utility of quantum computing before fault tolerance

Nature, 2023
Youngseok Kim   +2 more
exaly  

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