Results 251 to 260 of about 1,453,138 (305)

An Expected Utility Model for "Optimal" Selection

Journal of Educational Statistics, 1976
The Threshold Utility Model for culture-fair selection introduced by Gross and Su (1975) and by Petersen (1974) is defined here for both quota-free and for restricted selection. In addition, a full Bayesian solution based on posterior predictive distributions is provided.
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Imperfect Agency and Non-expected Utility Models

2017
The final chapter takes a more realistic stance to medical decision making by assuming that physicians are only imperfect agents of their patients. Specifically, we assume that physicians internalize only some share of the patient’s utility and follow a profit motive in their test and treatment decisions. We then analyze the effects of imperfect agency
Stefan Felder, Thomas Mayrhofer
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Risk-aversion concepts in expected- and non-expected-utility models.

Insurance: Mathematics and Economics, 1995
The non-expected-utility theories of decision under risk have favored the appearance of new notions of increasing risk like monotone increasing risk (based on the notion of comonotonic random variables) or new notions of risk aversion like aversion to monotone increasing risk, in better agreement with these new theories.
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Risk insolvency predictive model maximum expected utility

International Journal of Business Performance Management, 2008
This paper presents a new approach to develop the probability of default for private firms. This work provides a global perspective regarding the credit risk prediction, starting from the work of the Basel Committee on Banking Supervision, with a deep study of the more predictive variables for default prediction and, finally, building a new ...
Daria Marassi, Valetino Pediroda
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Invariance of expected utilities in logit models

Economics Letters, 1988
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Anas, Alex, Feng, Cheng Min
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Expected Utility in Models with Chaos [PDF]

, 2007
In this paper, we provide a framework for calculating expected utility in models with chaotic equilibria and consequently a framework for ranking chaos. Suppose that a dynamic economic model’s equilibria correspond to orbits generated by a chaotic dynamical system f : X ! X where X is a compact metric space and f is continuous.
David R. Stockman, Judy Kennedy, Brian Raines   +2 more
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Empirical testing of the expected utility model

Journal of Economic Psychology, 1984
Abstract Suppose an individual is faced with a set of alternatives with uncertain money outcomes, then according to the expected utilily moded the alternative with the highest cxpected utility will be chosen. In the present paper this model is tested against the more general model given by Kahneman and Iversky (1979) and others.
Huib van de Stadt, Gerrit Antonides, Bernard M.S. van Praag   +2 more
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Is Expected Utility an Ex-Hypothesis? Some Implications of Reference-Dependent Expected Utility Model

SSRN Electronic Journal, 2017
Rabin and Thaler (2001) declared Expected Utility an ex-hypothesis or a dead parrot alluding to the famous sketch from Monthy Pythons Flying Circus. Following Cox and Sadiraj (2006) and others, one should distinguish between Expected Utility (EU) theory (a purely mathematical theory based on axioms) and Expected Utility models (EU theory plus a given ...
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A unified derivation of classical subjective expected utility models through cardinal utility

Journal of Mathematical Economics, 1999
In this paper the authors give a unified treatment of the expected utility models of de Finetti, Anscombe and Aumann, von Neumann and Morgenstern, Ramsey. For a finite set of states and a convex set of outcomes SEU with continuous utility and positive probabilities can be characterized by a monotonic continuous weak order that satisfies trade-off ...
Zank, H., Wakker, P.P.
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Evaluation of similarity models for expected utility violations

Journal of Econometrics, 2011
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Buschena, David E., Atwood, Joseph A.
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