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Bayesian methods for analyzing true-and-error models [PDF]
Judgment and Decision Making, 2018 Birnbaum and Quispe-Torreblanca (2018) evaluated a set of six models developed under true-and-error theory against data in which people made choices in repeated gambles.
Michael D. Lee
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Investment choice under uncertainty: A review essay [PDF]
Ekonomski Anali, 2005 An investment opportunity whose return is perfectly predictable, hardly exists at all. Instead, investor makes his decisions under conditions of uncertainty.
Trifunović Dejan
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The Predictive Utility of Generalized Expected Utility Theories [PDF]
Econometrica, 1994 Summary: Many alternative theories have been proposed to explain violations of expected utility (EU) theory observed in experiments. Several recent studies test some of these alternative theories against each other. Formal tests used to judge the theories usually count the number of responses consistent with the theory, ignoring systematic variation in
Harless, David W, Camerer, Colin F
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Expected utility theory, Jeffrey’s decision theory, and the paradoxes [PDF]
, 2020 In Richard Bradley’s book, Decision Theory with a Human Face, we have selected two themes for discussion. The first is the Bolker-Jeffrey theory of decision, which the book uses throughout as a tool to reorganize the whole field of decision theory, and ...
Baccelli, Jean, Mongin, Philippe
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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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Network approach for decision making under risk-How do we choose among probabilistic options with the same expected value? [PDF]
PLoS ONE, 2018 Conventional decision theory suggests that under risk, people choose option(s) by maximizing the expected utility. However, theories deal ambiguously with different options that have the same expected utility.
Wei Pan, Yi-Shin Chen
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A teoria da perspectiva e as mudanças de preferência no mainstream: um prospecto Lakatoseano
Brazilian Journal of Political Economy, 2010 The theory of the perspective and the changes of preference in the mainstream: a Lakatosean prospect. For many decades over the 20th Century, the mainstream of economics adopted a normative and axiomatic theory of individual behavior in which maximizing ...
Bruno Berger, Huáscar Fialho Pessali
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The SEV-SV Model—Applications in Portfolio Optimization
Risks, 2023 This paper introduces and studies a new family of diffusion models for stock prices with applications in portfolio optimization. The diffusion model combines (stochastic) elasticity of volatility (EV) and stochastic volatility (SV) to create the SEV-SV ...
Marcos Escobar-Anel, Weili Fan
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A Multiple Criteria Decision Making Method Based on Relative Value Distances
Foundations of Computing and Decision Sciences, 2015 This paper proposes a new multiple criteria decision-making method called ERVD (election based on relative value distances). The s-shape value function is adopted to replace the expected utility function to describe the risk-averse and risk-seeking ...
Shyur Huan-jyh +3 more
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Success-First Decision Theories [PDF]
, 2018 The standard formulation of Newcomb's problem compares evidential and causal conceptions of expected utility, with those maximizing evidential expected utility tending to end up far richer.
222Baratgin +105 more
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