Results 21 to 30 of about 58,870 (263)
Awareness-Dependent Subjective Expected Utility [PDF]
International Journal of Game Theory, 2010 We develop awareness-dependent subjective expected utility by taking unawareness structures introduced in Heifetz, Meier, and Schipper (2006, 2008, 2011a) as primitives in the Anscombe-Aumann approach to subjective expected utility. We observe that a decision maker is unaware of an event if and only if her choices reveal that the event is "null" and ...
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Asking Price and Price Discounts: the Strategy of Selling an Asset under Price Uncertainty
Review of Economic Analysis, 2012 We consider fixed and asking price strategies in the context of selling an asset with Bernoullian updating of the seller’s subjective probability of sale at a given price.
Tapan Biswas, Jolian McHardy
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STOCHASTIC MULTI-ATTRIBUTE UTILITY MODEL
Acta Economica, 2019 In real situations, the attribute value (mostly variable) can be best represented by introducing the finite number of attribute values level, to which the corresponding probabilities should also be attached.
Katarina Račić +3 more
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Uncertainty and Risk in Mainstream Economics: An Outline
Studia i Materiały, 2016 Undoubtedly, risk and uncertainty are not the fundamental economic categories, yet they play an important role in economic sciences and economic practice.
Tomasz Zalega
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The Fundamental Nature of Motives
Frontiers in Neuroscience, 2022 Decision-making is described as a natural process, one among others, consuming free energy in the least time. The thermodynamic tenet explains why data associated with decisions display the same patterns as any other data: skewed distributions, sigmoidal
Arto Annila
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Subjective Expected Utility in Games [PDF]
, 2009 This paper extends Savage’s subjective approach to probability and utility from decision problems under exogenous uncertainty to choice in strategic environments. Interactive uncertainty is modeled both explicitly - using hierarchies of preference relations, the analogue of beliefs hierarchies - and implicitly - using preference structures, the ...
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Aestimum, 2019 The work analyses adaptation strategies to cope with extreme events and climate change in viticultural sector. Tools for complex systems analysis are integrated with probabilistic methods and operational research to account for uncertainty and the ...
Sandro Sacchelli +2 more
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CAAI Transactions on Intelligence Technology, 2020 This study intends to present an innovative study for ranking the alternatives in multiple-criteria decision analysis (MCDA) problems under the interval-valued neutrosophic soft set (IVNSS) environment.
Chinnadurai Veerappan, Bobin Albert
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Humans as intuitive classifiers
Frontiers in Psychology, 2023 Mainstream decision research rests on two implicit working assumptions, inspired by subjective expected utility theory. The first assumes that the underlying processes can be separated into judgment and decision-making stages without affecting their ...
Ido Erev, Ailie Marx
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Subjective expected utility through stochastic independence
Economic Theory, 2022 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Grabisch, Michel +2 more
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