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The Magnitude and “Peanuts” Effects: Searching Implications
Frontiers in Applied Mathematics and Statistics, 2018 The framework of this paper is the field of decision-making processes in which people face the choice between probabilistic and dated rewards. Traditionally, the preferences for probabilistic outcomes have been analyzed by the Expected Utility (EU) model
Salvador Cruz Rambaud +1 more
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Is the crop insurance program effective in China? Evidence from farmers analysis in five provinces
Journal of Integrative Agriculture, 2015 This paper aims to evaluate the effectiveness of the Chinese crop insurance program in terms of farmers' utility and welfare. A simulation model based on the power utility function was first developed to evaluate the effectiveness of crop insurance. Then,
Ke WANG +3 more
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Understanding Russian aggression towards Georgia
Politikon, 2012 Did Russia initiate conflict with Georgia in an attempt to restrain Georgia from formally joining the Western coalition, or was the decision more complex? What did Russia hope to gain from initiating conflict? What value did Russia assign to maintaining
Michael J. Langlois
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Stock Selection for Portfolios Using Expected Utility-Entropy Decision Model
Entropy, 2017 Yang and Qiu proposed and then recently improved an expected utility-entropy (EU-E) measure of risk and decision model. When segregation holds, Luce et al.
Jiping Yang, Yijun Feng, Wanhua Qiu
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Reverse Sensitivity Analysis for Risk Modelling
Risks, 2022 We consider the problem where a modeller conducts sensitivity analysis of a model consisting of random input factors, a corresponding random output of interest, and a baseline probability measure.
Silvana M. Pesenti
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Optimal Saving by Expected Utility Operators
Axioms, 2020 This paper studies an optimal saving model in which risk is represented by a fuzzy number and the total utility function of the model is defined by an expected utility operator.
Irina Georgescu, Jani Kinnunen
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Effects of the GM Controversy on Iowa Corn-Soybean Farmers' Acreage Allocation Decisions
Journal of Agricultural and Resource Economics, 2003 Prior to the 2000 planting season, some industry observers predicted acreage of genetically modified crops would decline dramatically. However, actual 2000 plantings presented a puzzle.
Corinne E. Alexander +2 more
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Information integration in risky choice : identification and stability [PDF]
, 2011 How is information integrated across the attributes of an option when making risky choices? In most descriptive models of decision under risk, information about risk, and reward is combined multiplicatively (e.g., expected value; expected utility ...
Stewart, Neil
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Directed expected utility networks [PDF]
, 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.
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Expected Utility and Entropy-Based Decision-Making Model for Large Consumers in the Smart Grid
Entropy, 2015 In the smart grid, large consumers can procure electricity energy from various power sources to meet their load demands. To maximize its profit, each large consumer needs to decide their energy procurement strategy under risks such as price fluctuations ...
Bingtuan Gao +3 more
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