Search Results - subject:"Nutzen"

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Eliciting discounting model and direction at the individual level with time trade-off follow-up questions

Jakubczyk, Michał - 2026

Persistent link: https://www.econbiz.de/10016074012

Judging social priority and the marginal utility of income among individuals

Hammitt, James K. - 2026

Persistent link: https://www.econbiz.de/10015605611

Ambiguity and the value of late resolution of uncertainty

Kochov, Asen - 2026

The paper shows that in a dynamic setting with multiple sources of uncertainty, recursive ambiguity-averse preferences may imply a preference for late resolution of uncertainty. In particular, the simultaneous resolution of two sources can offer hedging benefits that are negated when one source...

Persistent link: https://www.econbiz.de/10015674931

Expected utility without assuming continuity

Bauch, Gerrit Manfred - 2026

I provide an axiomatization of expected utility in which topological continuity is replaced by a geometric axiom. The axiom requires a finite set of indifferent lotteries that span a hyperplane. In the case of three prizes, two indifferent lotteries suffice. The axiom is weaker than Solvability,...

Persistent link: https://www.econbiz.de/10016059673

Symmetric expected utility

Preker, Jurek - 2026

We investigate and axiomatize preferences that display indifference between deterministic states, but exhibit strict orderings over lotteries over these states. Such preferences might be due to the ability to adopt to states, or a (dis)taste for uncertainty. We derive a representation theorem...

Persistent link: https://www.econbiz.de/10015588344

Separating discounting from changing utility

Webb, Craig S. - 2026

Persistent link: https://www.econbiz.de/10015638829

The parlay puzzle : expected utility and multi-leg betting

Whelan, Karl - 2026

Multi-leg parlay bets have become hugely popular in the US despite loss rates on stakes that are four times higher than regular bets. This paper shows that even if bettors believe they have an edge, maximization of subjective expected utility requires placing separate bets when per-leg win...

Persistent link: https://www.econbiz.de/10015644689