Results 81 to 90 of about 392,965 (205)

Laboratory Games and Quantum Behaviour: The Normal Form with a Separable State Space [PDF]

The subjective expected utility (SEU) criterion is formulated for a particular four-person “laboratory game” that a Bayesian rational decision maker plays with Nature, Chance, and an Experimenter who influences what quantum behaviour is observable by ...
Hammond, Peter J
core  

From Wald to Savage: homo economicus becomes a Bayesian statistician [PDF]

Bayesian rationality is the paradigm of rational behavior in neoclassical economics. A rational agent in an economic model is one who maximizes her subjective expected utility and consistently revises her beliefs according to Bayes’s rule.
Giocoli, Nicola
core   +1 more source

Predicting the Unpredictable under Subjective Expected Utility

SSRN Electronic Journal
We consider a decision maker who is unaware of objects to be sampled and thus cannot form beliefs about the occurrence of particular objects. Ex ante she can form beliefs about the occurrence of novelty and the frequencies of yet to be known objects.
openaire   +3 more sources

Estimating Subjective Probabilities [PDF]

Subjective probabilities play a role in many economic decisions. There is a large theoretical literature on the elicitation of subjective probabilities, and an equally large empirical literature. However, there is a gulf between the two.
E. Elisabet Rutström, Glenn W. Harrison, John Fountain, Steffen Andersen   +3 more
core  

Layout Planning of a Basic Public Transit Network Considering Expected Travel Times and Transportation Efficiency

Systems
Urban transit systems are crucial for modern cities, providing sustainable and efficient transportation solutions for residents’ daily commutes. Extensive research has been conducted on optimizing the design of transit systems.
Mingzhang Liang, Wei Wang, Ye Chao, Changyin Dong   +3 more
doaj   +1 more source

Estimating non-market values under scenario and policy ambiguity: the case of climate change mitigation in Australia [PDF]

This report proposes an extension to existing models of non-expected utility (NEU) in the stated preference (SP) literature. The extension incorporates the impact of multiple sources of ambiguity in individual decision making behaviour. Empirical testing
Akter, Sonia, Bennett, Jeffrey W.
core   +1 more source

A Theory of Bayesian Decision Making [PDF]

This paper presents a complete, choice-based, axiomatic Bayesian decision theory. It introduces a new choice set consisting of information-contingent plans for choosing actions and bets and subjective expected utility model with effect-dependent utility ...
Edi Karni
core  

Generalized Subjective Lexicographic Expected Utility Representation

, 2016
Originally available on November 18, 2014, in my website (https://sites.google.com/site/hugocruzsanchez/)
openaire   +2 more sources

Cumulative Prospect Theory and the St.Petersburg Paradox [PDF]

We find that in cumulative prospect theory (CPT) with a concave value function in gains, a lottery with finite expected value may have infinite subjective value. This problem does not occur in expected utility theory.
Rieger, Marc Oliver, Wang, Mei
core  

Understanding HRIS Adoption: A Psychosocial Perspective on Managerial Engagement and System Effectiveness

Psychology International
Human Resource Information Systems (HRISs) have become integral to contemporary organizational life, yet their successful adoption remains uneven and poorly understood.
Fadi Sofi, Anas Al-Fattal, Ip-Shing Fan
doaj   +1 more source