Results 91 to 100 of about 392,965 (205)
Subjective Expected Utility Theory with State-Dependent Preferences
Journal of Economic Theory, 1993 This paper extends Savage's subjective expected utility theory to include state-dependent preferences. The dependence of the decision maker's preferences over consequences on the states of nature is represented by state-specific mappings of the set of consequences onto itself.
openaire +2 more sources
The Explanatory and Predictive Power of Non Two-Stage-Probability Theories of Decision Making Under Ambiguity [PDF]
Representing ambiguity in the laboratory using a Bingo Blower (which is transparent and not manipulable) and asking the subjects a series of allocation questions (which are more efficient than pairwise choice questions), we obtain data from which we can ...
John D Hey, Noemi Pace
core
SystemsIntelligent driving technology is expected to reshape urban transportation, but its promotion is hindered by user acceptance challenges and diverse technical routes. This study proposes a comprehensive user acceptance evaluation framework for intelligent
Wang Zhang +4 more
doaj +1 more source
On the Existence and Interpretation of the "Unit Root" in U.S. GNP [PDF]
In this paper, we assess the degree to which four of the most commonly used models of risky decision making can explain the choices individuals make when faced with risky prospects.
J. Bradford De Long, Lawrence H. Summers
core
, 2013 We develop a behavioral axiomatic characterization of Subjective Expected Utility (SEU) under risk aversion. Given is an individual agent’s behavior in the market: assume a finite collection of asset purchases with corresponding prices. We show that such
Echenique, Federico, Saito, Kota
core
Why Does it Matter that Beliefs and Valuations be Correctly Represented? [PDF]
This paper contains an analysis of a simple principal-agent problem illustrating possible problems that may arise when the prinicpal ascribes to the agent subjective probabilities and utilities that are implied by the subjective expected utility model ...
Grant, S., Karni, E.
core +1 more source
Croatia’s Migration Potential – Micro-Analytic Aspects
Migracijske i etničke teme, 2005 The authors set criteria for the selection of a model for measuring migration potential; they select and apply such a model to Croatia and determine the practical and scientific relevance of the Croatian case, especially its significance for the ...
Saša Božić, Ivan Burić
doaj
An Empirical Assessment of Alternative Models of Risky Decision Making [PDF]
In this paper, we assess the degree to which four of the most commonly used models of risky decision making can explain the choices individuals make when faced with risky prospects.
Ann D. Witte +2 more
core
Exactly What Happens After the Anscombe-Aumann Race? Representing Preferences in Vague Environments [PDF]
This paper derives a representation of preferences for a choice theory with vague environments; vague in the sense that the agent does not know the precise lotteries over outcomes conditional on states.
Marie-Louise Vierø
core
Framing-Based Choice: A Model of Decision-Making Under Risk [PDF]
In this study we propose an axiomatic theory of decision-making under risk that is based on a new approach to the modeling of framing that focuses on the subjective statistical dependence between prizes of compared lotteries.
Kobi Kriesler, Shmuel Nitzan
core