Search Results - subject:"Expected Utility"

Optimal allocations with α-maxmin utilities, Choquet expected utilities, and prospect theory

Beißner, Patrick; Werner, Jan - In: Theoretical economics : TE ; an open access journal in … 18 (2023) 3, pp. 993-1022

analysis to α-maxmin expected utility, Choquet expected utility, and cumulative prospect theory, which accommodate ambiguity …

Persistent link: https://www.econbiz.de/10014325255

Lotto lotteries : decision making under uncertainty when payoffs are unknown

Schröder, David - In: Journal of behavioral and experimental economics 114 (2025), pp. 1-20

Persistent link: https://www.econbiz.de/10015190618

Preferences for drought risk adaptation support in Kenya : evidence from a discrete choice experiment and three decision-making theories

Schrieks, Teun; Botzen, W. J. Wouter; Haer, Toon; … - In: Ecological economics 227 (2025), pp. 1-19

experiment to behavioural factors of three established decision-making theories: expected utility theory, protection motivation …

Persistent link: https://www.econbiz.de/10015178207

Some notes on Savage's representation theorem

Frahm, Gabriel; Hartmann, Lorenz - In: Theory and decision : an international journal for … 98 (2025) 1, pp. 85-93

Persistent link: https://www.econbiz.de/10015333320

The Saint Petersburg paradox and its solution

Mattalia, Claudio - In: Risks : open access journal 13 (2025) 2, pp. 1-19

This article describes the main historical facts concerning the Saint Petersburg paradox, the most important solutions proposed thus far, and the results of new experimental evidence and a simulation of the game that shed light on a solution for this paradox. The Saint Petersburg paradox has...

Persistent link: https://www.econbiz.de/10015334556

Optimal allocations with α-MaxMin utilities, Choquet expected utilities, and Prospect Theory

Beißner, Patrick; Werner, Jan - In: Theoretical Economics 18 (2023) 3, pp. 993-1022

The analysis of optimal risk sharing has been thus far largely restricted to non-expected utility models with concave … analysis to α-maxmin expected utility, Choquet expected utility, and Cumulative Prospect Theory, which accommodate ambiguity …

Persistent link: https://www.econbiz.de/10014537001