Search Results - subject:"Utility theory"

Nonlinear Utility Models Arising from Unmodelled Small World Intercorrelations

Bordley, Robert F.; Hazen, Gordon - In: Management Science 38 (1992) 7, pp. 1010-1017

Savage's axioms show the rationality of maximizing expected utility when all uncertainties are explicitly modelled. But individuals actually make decisions in bounded contexts called small worlds. Savage's axioms do not imply the optimality of maximizing expected utility in small worlds unless...

Persistent link: https://www.econbiz.de/10009214616

Decision Analysis at the Crossroads

Sounderpandian, Jayavel - In: American Journal of Business 7 (1992) 1, pp. 53-58

Empirically observed violations of traditional expected utility theory have prompted several new theories, putting the … analysis, then expected utility theory would prove to be valid. Practitioners who use techniques or software based on expected … utility theory need only to make sure that they have considered all relevant consequences, and need not worry about the new …

Persistent link: https://www.econbiz.de/10010610924

Metodi di decisione : introduzione alla teoria delle decisioni con relative applicazioni a problemi manageriali di natura industriale, commerciale, assicurativa, medica, politica, finanziaria

Gambarelli, Gianfranco; Pederzoli, Giorgio - 1992

Persistent link: https://www.econbiz.de/10000966252

Utility theories: measurements and applications : [the Conference on "Utility: Theories, Measurements, and Applications" met at the Inn at Pasatiempo in Santa Cruz, California, from June 11 to 15, 1989]

Edwards, Ward (ed.) - 1992

Persistent link: https://www.econbiz.de/10011519619

Utility Theories: Measurements and Applications

Edwards, Ward (ed.) - 1992

Traditional utility theory, growing out of the ideas of von Neumann & Morgenstern and Savage, asserts that wise …

Persistent link: https://www.econbiz.de/10013521743

Decision Analysis at the Crossroads

Sounderpandian, Jayavel - In: American Journal of Business 7 (1992) 1, pp. 53-58

Persistent link: https://www.econbiz.de/10014668066

Progress in decision, utility, and risk theory

Chikán, Attila (contributor) - 1991

Persistent link: https://www.econbiz.de/10004112892

A neo bayesian foundation of the maximin value for two-person zero- sum games

Hart, Sergui; Modica, Salvatore; Schmeidler, David - University of Bonn, Germany - 1991

Persistent link: https://www.econbiz.de/10005032096

Arc Reduction and Path Preference in Stochastic Acyclic Networks

Bard, Jonathan F.; Bennett, James E. - In: Management Science 37 (1991) 2, pp. 198-215

The paper presents a heuristic for determining the path that maximizes the expected utility of a stochastic acyclic network. The focus is on shortest route problems where a general, nonlinear utility function is used to measure outcomes. For such problems, enumerating all feasible paths is the...

Persistent link: https://www.econbiz.de/10009191869

Note---Gains from International Dual Listing

Yagil, Joseph; Forshner, Zivan - In: Management Science 37 (1991) 1, pp. 114-120

This study presents an attempt to explain how international dual listing of securities can reduce the effects of segmented international markets. By applying the mean-variance model we show that, for a return generating process given by the maximum distribution, the expected return on the dually...

Persistent link: https://www.econbiz.de/10009214454