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Year of publication
Subject
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Utility theory 1,405 Nutzentheorie 1,377 Theorie 476 Theory 473 Nutzen 416 Utility 405 Präferenztheorie 223 Theory of preferences 221 Nutzenfunktion 205 Utility function 205 Expected utility 177 Erwartungsnutzen 175 utility theory 148 Entscheidung 144 Decision 138 Entscheidungstheorie 138 Decision theory 121 Risk 111 Risiko 110 Consumer behaviour 95 Risk aversion 95 Konsumentenverhalten 94 Risikoaversion 92 Decision under risk 82 Entscheidung unter Risiko 82 Experiment 69 Welfare economics 66 Wohlfahrtsökonomik 66 Behavioral economics 61 Verhaltensökonomik 61 Portfolio selection 59 Portfolio-Management 59 Spieltheorie 58 Decision under uncertainty 56 Entscheidung unter Unsicherheit 56 Game theory 52 Eigeninteresse 50 Self-interest 50 History of economic thought 49 Prospect Theory 49
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Online availability
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Free 412 Undetermined 356 CC license 11
Type of publication
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Article 925 Book / Working Paper 676 Other 3
Type of publication (narrower categories)
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Article in journal 698 Aufsatz in Zeitschrift 698 Working Paper 264 Graue Literatur 262 Non-commercial literature 262 Arbeitspapier 251 Aufsatz im Buch 105 Book section 105 Hochschulschrift 54 Thesis 48 Konferenzschrift 21 Aufsatzsammlung 20 Collection of articles of several authors 20 Sammelwerk 20 research-article 13 Bibliografie enthalten 9 Bibliography included 9 Reprint 9 Rezension 9 Collection of articles written by one author 8 Conference proceedings 8 Sammlung 8 Lehrbuch 7 Textbook 7 Article 5 Festschrift 4 Dissertation u.a. Prüfungsschriften 3 Handbook 3 Handbuch 3 Mikroform 3 Case study 2 Conference paper 2 Fallstudie 2 Konferenzbeitrag 2 Systematic review 2 Übersichtsarbeit 2 Bibliografie 1 Bibliographie 1 Einführung 1 Elektronischer Datenträger 1
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Language
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English 1,366 Undetermined 136 German 69 French 21 Italian 4 Dutch 3 Polish 3 Old English (ca. 450-1100) 2 Spanish 2 Russian 1
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Author
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Moscati, Ivan 18 Bleichrodt, Han 14 Luce, R. Duncan 14 Bossert, Walter 12 Gao, Jianwei 12 Voorneveld, Mark 12 Wakker, Peter P. 12 Blackorby, Charles 11 Frey, Bruno S. 11 Al-Nowaihi, Ali 10 Dhami, Sanjit S. 10 Donaldson, David 10 Quiggin, John C. 10 Schmidt, Ulrich 10 Blavatskyy, Pavlo R. 9 Hammond, Peter J. 9 Ballester, Miguel A. 8 Dagsvik, John K. 8 Fishburn, Peter C. 8 Harin, Alexander 8 Menegatti, Mario 8 Apesteguia, Jose 7 Karni, Edi 7 Post, Thierry 7 Stutzer, Alois 7 Zhao, Feng 7 Barberà, Salvador 6 Baucells, Manel 6 Benz, Matthias 6 Bruni, Luigino 6 Chiappori, Pierre-André 6 Eeckhoudt, Louis 6 Eisenhauer, Joseph G. 6 Feng, Zhao 6 Franses, Philip Hans 6 Glaeser, Edward L. 6 Grant, Simon 6 Gu, Yundong 6 Harrison, Glenn W. 6 Jia, Zhiyang 6
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Institution
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Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München 13 National Bureau of Economic Research 6 Henley Business School, University of Reading 4 London School of Economics (LSE) 3 Tilburg University, Center for Economic Research 3 Unité Mixte de Recherche Théorie Economique, Modélisation et Applications 3 Université Paris-Dauphine (Paris IX) 3 Agricultural and Applied Economics Association - AAEA 2 Australian National University 2 Centre for Social and Economic Research on the Global Environment 2 Department of Economics and Business, Universitat Pompeu Fabra 2 Department of Economics, University of Pennsylvania 2 EconWPA 2 Economics Institute for Research (SIR), Handelshögskolan i Stockholm 2 Edward Elgar Publishing 2 HAL 2 International Congress of Utility and Risk Theory <1, 1982, Oslo> 2 University of British Columbia / Department of Economics 2 Økonomisk Institut, Copenhagen Business School 2 Business School, University of Exeter 1 C.E.P.R. Discussion Papers 1 Christian-Albrechts-Universität zu Kiel / Institut für Weltwirtschaft 1 Conference on Utility: Theories, Measurements, and Applications <1989, Santa Cruz, Calif.> 1 Department of Economics, Business School 1 Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft (ZBW) 1 Dipartimento di Politica Economica, Finanza e Sviluppo (DEPFID), Facoltà di Economia "Richard M. Goodwin" 1 Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam. 1 Erasmus Research Institute of Management (ERIM), Erasmus Universiteit Rotterdam 1 European Association of Agricultural Economists - EAAE 1 Fachbereich Wirtschaftswissenschaften, Universität Konstanz 1 Foerder Institute for Economic Research <Tēl-Āvîv> 1 Forschungsinstitut zur Zukunft der Arbeit 1 Global Development and Environment Institute 1 INTERNATIONAL CONFERENCE ON FOUNDATIONS OF UTILITY AND RISK THEORY <1, 1982, OSLO> 1 Institut für Wirtschaftsforschung Dr. Stotz 1 Instituto Valenciano de Investigaciones Económicas 1 International Conference on Foundations of Utility and Risk Theory <2, 1984, Venedig> 1 International Conference on Foundations of Utility and Risk Theory <2, 1984, Venezia> 1 International Conference on Mathematical Utility Theory <1997, Essen> 1 International Conference on the Foundations & Applications of Utility, Risk and Decision Theories <7., 1994, Oslo> 1
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Published in...
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Theory and decision : an international journal for multidisciplinary advances in decision science 38 Journal of mathematical economics 32 Economic theory : official journal of the Society for the Advancement of Economic Theory 28 European journal of operational research : EJOR 28 Mathematical social sciences 20 Management Science 18 Economics letters 17 Journal of economic theory 16 Social choice and welfare 15 Management science : journal of the Institute for Operations Research and the Management Sciences 14 MPRA Paper 13 European Journal of Operational Research 12 Journal of economic behavior & organization : JEBO 12 Journal of health economics 11 Journal of risk and uncertainty : JRU 10 Principles 10 Working paper / National Bureau of Economic Research, Inc. 10 Discussion paper / Tinbergen Institute 9 Marketing science 9 Decision analysis : a journal of the Institute for Operations Research and the Management Sciences, INFORMS 8 Discussion paper / Centre for Economic Policy Research 8 Discussion paper series / IZA 8 History of political economy 8 Working paper 8 Working papers in economics 7 Cowles Foundation discussion paper 6 Discussion papers / University of Leicester, Department of Economics 6 Econometrica : journal of the Econometric Society, an internat. society for the advancement of economic theory in its relation to statistics and mathematics 6 International Journal of Social Economics 6 NBER working paper series 6 Operations research 6 Routledge studies in the history of economics 6 The European journal of the history of economic thought 6 Theoretical economics letters 6 CORE discussion paper : DP 5 Economic theory bulletin 5 Europäische Hochschulschriften / 5 5 Extensions 5 Games and economic behavior 5 Journal of econometrics 5
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Source
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ECONIS (ZBW) 1,395 RePEc 139 USB Cologne (EcoSocSci) 23 EconStor 18 Other ZBW resources 18 BASE 11
Showing 1 - 50 of 1,604
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Investigating the social boundaries of fairness by modeling Ultimatum Game responders' decisions with multinomial processing tree models
Biella, Marco; Hennig, Max; Oswald, Laura - In: Games 16 (2025) 1, pp. 1-21
Fairness in competitive games such as the Ultimatum Game is often defined theoretically. According to some of the literature, in which fairness is determined only based on resource allocation, a proposal splitting resources evenly (i.e., 5:5) is generally assumed as fair, and minimal deviation...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015271741
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Properties of Homothetic Robust Epstein-Zin Utility
Kusuda, Koji - 2025
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Welfare vs. utility
Dietrich, Franz - 2025
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Advances in Best–Worst Method : Proceedings of the Fifth International Workshop on Best–Worst Method (BWM2024)
Rezaei, Jafar (ed.); Brunelli, Matteo (ed.);  … - International Workshop on Best-Worst Method <2024, … - 2025
This proceedings book contains selected papers from the Fifth International Workshop on Best-Worst Method (BWM2024), held in Delft, the Netherlands, from 13 to 14 June 2024. It presents recent advancements in theory and applications of the Best-Worst Method. It provides valuable insights on why...
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Measures of obligation
Blockley, David I. - In: Cogent business & management 9 (2022) 1, pp. 1-15
Principled capitalism has been proposed as a replacement for liberal capitalism. Moral principles should be driving our individual and collective decisions rather than utility and profit. A new unit called an oblig is suggested as a measure of the amount of the substance of the "stuff" that...
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The importance of joining lifecycle models with mean-variance optimization
Kaplan, Paul D.; Idzorek, Thomas M. - In: Financial analysts journal : FAJ 80 (2024) 4, pp. 11-17
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Incomplete objectives in decision making : how omitting objectives affects identifying the most promising alternative
Abdeen, Sara J. M.; Methling, Florian; Nitzsch, Rüdiger von - In: Operations research forum 5 (2024) 4, pp. 1-13
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New method for assigning cardinal weights in multi-criteria decision-making : the constant weight ratio method
Casanovas-Rubio, Maria del Mar; Vinolas-Prat, Bernat - In: Operational research : an international journal 24 (2024) 2, pp. 1-33
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Random discounted expected utility
Apesteguia, Jose; Ballester, Miguel A.; … - 2024
This paper introduces the random discounted expected utility (RDEU) model, which we have developed as a means to deal with heterogeneous risk and time preferences. The RDEU model provides an explicit linkage between preference and choice heterogeneity. We prove it has solid comparative statics,...
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Beyond financial wealth : the experienced utility of collectibles
Kleine, Jens; Peschke, Thomas; Wagner, Niklas F. - In: The quarterly review of economics and finance 97 (2024), pp. 1-11
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Approximate utility
Dybvig, Philip H.; Li, Shu - In: Finance research letters 69 (2024) 1, pp. 1-5
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Trading Liberties: Estimating COVID-19 Policy Preferences from Conjoint Data
Hartmann, Felix; Humphreys, Macartan; Geissler, Ferdinand; … - In: Political Analysis 32 (2024) 2, pp. 285-293
Survey experiments are an important tool to measure policy preferences. Researchers often rely on the random assignment of policy attribute levels to estimate different types of average marginal effects. Yet, researchers are often interested in how respondents trade-off different policy...
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Ordinal utility differences
Baccelli, Jean - In: Social choice and welfare 62 (2024) 2, pp. 275-287
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Collective or individual rationality in the Nash bargaining solution : efficiency-free characterizations
Nakamura, Kensei - In: Social choice and welfare 62 (2024) 4, pp. 629-642
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Two-person adversarial games are zero-sum : an elaboration of a folk theorem
Khan, M. Ali; Pedersen, Arthur Paul; Schrittesser, David - In: Economics letters 242 (2024), pp. 1-4
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An improper solution to the flood cost sharing problem
Müller, David; Pisch, Marcus Franz Konrad - In: Economics letters 238 (2024), pp. 1-3
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Implementing multi-attribute utility theory in service recovery : an operational management perspective on online retailing
Song, Yan; Xiu, Yifan; Wang, Jingyuan - In: Journal of retailing and consumer services 81 (2024), pp. 1-11
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Toward an information-processing theory of loss aversion
Villas-Boas, J. Miguel - In: Marketing science 43 (2024) 3, pp. 523-541
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Predicting Behavior in Games : Loss Aversion vs. Rank Dependent Utility vs. Range Utility Theory
Baucells, Manel; Leclerc, Phil; Lewandowski, Michał; … - 2023
Rank dependent probability weighting---an integral part of cumulative prospect theory---has come to dominate the behavioral modeling of risk preferences in non-strategic settings over the last 40 years. We draw attention to some serious limitations of rank dependence when it comes to...
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A new axiomatization of discounted expected utility
Neumann, Berenice Anne; Rieger, Marc Oliver - In: Theory and decision : an international journal for … 95 (2023) 4, pp. 515-537
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Testing Hurwicz expected utility
Bleichrodt, Han; Grant, Simon; Yang, Jingni - In: Econometrica : journal of the Econometric Society, an … 91 (2023) 4, pp. 1393-1416
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What makes economics special : orientational paradigms
Hoyningen-Huene, Paul; Kincaid, Harold - In: Journal of economic methodology 30 (2023) 2, pp. 188-202
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The slicing method : determining insensitivity regions of probability weighting functions
Egozcue, Martín; García, Luis Fuentes; Zitikis, Ričardas - In: Computational economics 61 (2023) 4, pp. 1369-1402
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GIANN - a methodology for optimizing competitiveness performance assessment models for small and medium-sized enterprises
Schaefer, Jones Luís; Tardio, Paulo Roberto; Baierle, … - In: Administrative Sciences : open access journal 13 (2023) 2, pp. 1-16
The adoption of models based on key performance indicators to diagnose and evaluate the competitiveness of companies has been presented as a trend in the operations' management. These models are structured with different variables in complex interrelationships, making diagnosis and monitoring...
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Random utility and limited consideration
Aguiar, Victor H.; Boccardi, Maria Jose; Kashaev, Nail; … - In: Quantitative economics : QE ; journal of the … 14 (2023) 1, pp. 71-116
The random utility model (RUM, McFadden and Richter (1990)) has been the standard tool to describe the behavior of a population of decision makers. RUM assumes that decision makers behave as if they maximize a rational preference over a choice set. This assumption may fail when consideration of...
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Moral-hazard-free insurance : mean-variance premium principle and rank-dependent utility theory
Xu, Zuo Quan - In: Scandinavian actuarial journal 2023 (2023) 3, pp. 269-289
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A Gentle Introduction to Risk Aversion and Utility Theory
Cather, David - 2023
While the topics of risk aversion and utility theory have been discussed extensively in the academic literature on risk and insurance, this literature does not include a pedagogical discussion that is widely accessible for classroom use. This paper provides a practical introduction to risk...
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Dynamic and stochasitc rational behavior
Kashaev, Nail; Gauthier, Charles; Aguiar, Victor H. - 2023
We analyze consumer demand behavior using Dynamic Random Utility Model (DRUM). Under DRUM, a consumer draws a utility function from a stochastic utility process in each period and maximizes this utility subject to her budget constraint. DRUM allows unrestricted time correlation and cross-section...
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Utility of Sacrifices : Reorientation of the Utility Theory
GC, Arun - 2023
Utility theory is a pivotal concept in economics that provides insights into how an individual is motivated to act under budget constraints. The main assumption of this theory and the entire field of economics is that a rational human being and an individual derive utility from the consumption...
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Ordinal Utility Differences
Baccelli, Jean - 2023
It is widely held that under ordinal utility, utility differences are ill-defined. Allegedly, for these to be well-defined (without turning to choice under risk or the like), one should adopt as a new kind of primitive quaternary relations, instead of the traditional binary relations underlying...
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Advances in Best-Worst Method : Proceedings of the Third International Workshop on Best-Worst Method (BWM2022)
Rezaei, Jafar (ed.); Brunelli, Matteo (ed.);  … - International Workshop on Best-Worst Method <3., 2022, … - 2023
This book presents recent advances in the theory and application of the Best-Worst Method (BWM). It includes selected papers from the Third International Workshop on Best-Worst Method (BWM2022), held in Delft, the Netherlands, from 9 to 10 June 2022. The book provides valuable insights on why...
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Advances in Best-Worst Method : Proceedings of the Fourth International Workshop on Best-Worst Method (BWM2023)
Rezaei, Jafar (ed.); Brunelli, Matteo (ed.);  … - International Workshop on Best-Worst Method <4., 2023, … - 2023
Probabilistic group decision-making using BWT -- Robust stakeholder-based group-decision making framework: the Multi-Actor Multi-Criteria Analysis (MAMCA) with the integration of Best-Worst Method (BWM) -- A consistent and consensual best-worst method and its application to salespersons’...
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Capital budgeting and Kelly betting
Johnstone, David J. - In: Australian journal of management 48 (2023) 3, pp. 625-651
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The legacy of Peter Fishburn : foundational work and lasting impact
Hupman, Andrea C.; Simon, Jay - In: Decision analysis : a journal of the Institute for … 20 (2023) 1, pp. 1-15
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Real estate developer's product positioning : AHP-utility-based model
Chiang, Ting-Yi - In: International journal of strategic property management 23 (2019) 5, pp. 317-327
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Measures of obligation
Blockley, David - In: Cogent Business & Management 9 (2022) 1, pp. 1-15
Principled capitalism has been proposed as a replacement for liberal capitalism. Moral principles should be driving our individual and collective decisions rather than utility and profit. A new unit called an oblig is suggested as a measure of the amount of the substance of the "stuff" that...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014505489
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Well-Being : The Relationship between Utilitarian Philosopphy and Utility Maximisation in Economics
Stern, Jon - 2022
Utilitarianism was a major philosophical movement of the nineteenth century which focused on maximising the happiness of individuals and societies through the mechanism of rational reasoning by individuals. Many of the 19th century utilitarians, including John Stuart Mill, were also early...
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Source Recursive Expected Utility on Rich Mixture Sets
Chew, Soo Hong; Kader, Gavin; Wang, Wenqian - 2022
Building on the Herstein-Milnor mixture set axiomatization of expected utility theory, we employ multiple mixture operators each modeling a source of uncertainty to arrive at a definition of rich mixture sets. This enables a weakening of the reduction of compound lottery axiom leading to an...
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When is Recursive Utility Well-Founded?
Herdegen, Martin; Hobson, David; Jerome, Joseph - 2022
In this note we ask when Epstein-Zin-Weil (EZW) recursive utility over the infinite horizon is well-founded. EZW recursive utility has a parameter $\gamma 0$ representing risk aversion and a parameter $\psi 0$ representing intertemporal elasticity of substitution, and is an extension of...
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Outside Good Utility and Substitution Patterns in Direct Utility Models
Kim, Chul; Smith, Adam N.; Kim, Jaehwan; Allenby, Greg M. - 2022
This paper investigates the role of the outside good utility function on admissible substitution patterns in multiple discrete/continuous demand models. We first present a set of novel results that characterize the functional form of quantity price effects within this class of models. The...
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Empirical analysis of the global supply and demand of entrepreneurial finance : a random utility theory perspective
Niankara, Ibrahim - In: Journal of open innovation : technology, market, and … 8 (2022) 1, pp. 1-28
Considering the globalized nature of international financial markets and the important role of innovative entrepreneurial endeavors for employment and economic development, this paper analyzes the global supply and demand of entrepreneurial finance, in the form of individuals’ savings and...
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Nonparametric Analysis of Dynamic Discrete Random Utility Models
Gauthier, Charles - 2022
This note provides a nonparametric test for dynamic discrete random utility models (DDRUM). The methodology can be used to understand the welfare implications of price changes in demand data when there is no uncertainty for consumers that have preferences over product characteristics or discrete...
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Utility Tokens
Benedetti, Hugo; Abarzúa, Luis; Caceres Fuentes, Christian - 2022
Utility tokens are digital currencies that serve as the only accepted means of payment for services and products provided through a blockchain-based platform. They finance the development of their product or service, reward and incentivize early adopters and network promoters, align economic...
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Learning in Random Utility Models Via Online Decision Problems
Melo, Emerson - 2022
This paper studies the Random Utility Model (RUM) in a repeated stochastic choice situation, in which the decision maker is imperfectly informed about the payoffs associated to each of the available alternatives. By embedding the RUM into an online decision problem, we develop a gradient-based...
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Optimal consumption for recursive preferences with local substitution : the case of certainty
Li, Hanwu; Riedel, Frank; Yang, Shuzhen - 2022
We characterize optimal consumption policies in a recursive intertemporal utility framework with local substitution. We establish existence and uniqueness and a version of the Kuhn-Tucker theorem characterizing the optimal consumption plan. An explicit solution is provided for the case when the...
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Chance theory : a separation of riskless and risky utility
Schmidt, Ulrich; Zank, Horst - In: Journal of risk and uncertainty 65 (2022) 1, pp. 1-32
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Optimal incentives without expected utility
Gonzalez Jimenez, Victor H. - 2022
This paper investigates the optimal design of incentives when agents distort probabilities. We show that the type of probability distortion displayed by the agent and its degree determine whether an incentivecompatible contract can be implemented, the strength of the incentives included in the...
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Risk aversion over finite domains
Baccelli, Jean; Schollmeyer, Georg; Jansen, Christoph - In: Theory and decision : an international journal for … 93 (2022) 2, pp. 371-397
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A random attention and utility model
Kashaev, Nail; Aguiar, Victor H. - 2022
We generalize the stochastic revealed preference methodology of McFadden and Richter (1990) for finite choice sets to settings with limited consideration. Our approach is nonparametric and requires partial choice set variation. We impose a monotonicity condition on attention first proposed by...
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Random rank-dependent expected utility
Kashaev, Nail; Aguiar, Victor H. - In: Games 13 (2022) 1, pp. 1-10
We present a novel characterization of random rank-dependent expected utility for finite datasets and finite prizes. As a byproduct, we obtain a characterization of random expected utility that works for finite datasets. The test lends itself to statistical testing. We apply our test to an...
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