Search Results - subject:"Utility theory"

Single-crossing random utility models

Apesteguia, José; Ballester, Miguel A. - 2016

Persistent link: https://www.econbiz.de/10011590435

A decision-theoretic model of asset price fluctuations

Ludwig, Alexander; Zimper, Alexander - 2010

utility theory we introduce a behavioral model of asset price fluctuations. In this model naive agents are prone to a …

Persistent link: https://www.econbiz.de/10010270137

Expected Utility theory and the tyranny of catastrophic risks

Buchholz, Wolfgang; Schymura, Michael - 2010

Expected Utility theory is not only applied to individual choices but also to ethical decisions, e.g. in cost …

Persistent link: https://www.econbiz.de/10010301695

An investigation of prescribed risk management practices in engineering design

Lee, Benjamin David - 2010

the design process. These effects are important to consider because, according to Utility Theory, the designer should make …

Persistent link: https://www.econbiz.de/10009475967

Decision Making under Ambiguity

Dominiak, Adam - 2010

second, it cannot be explained by the subjective expected utility theory. The goal of this thesis is to explore further the … subjective expected utility theory in the dynamic experiment. Several subjects who are classified as ambiguity-neutral in the … Choquet expected utility theory to interpersonal decision problems. We show that, unlike in the subjective expected utility …

Persistent link: https://www.econbiz.de/10009476201

Non-Linear Mixed Logit

Andersen, Steffen; Harrison, Glenn W.; Hole, Arne Risa; … - 2010

We develop an extension of the familiar linear mixed logit model to allow for the direct estimation of parametric non-linear functions defined over structural parameters. A classic application is the estimation of coefficients of utility functions to characterize risk attitudes. There are...

Persistent link: https://www.econbiz.de/10012142365

Discrete choice experiments are not conjoint analysis

Louviere, Jordan J.; Flynn, Terry N.; Carson, Richard T. - In: Journal of Choice Modelling 3 (2010) 3, pp. 57-72

that have a long-standing, well-tested theoretical basis in random utility theory, and we show why and how DCEs are more …

Persistent link: https://www.econbiz.de/10010289562

Bayesian group belief

Dietrich, Franz - London School of Economics (LSE) - 2010

If a group is modelled as a single Bayesian agent, what should its beliefs be? I propose an axiomatic model that connects group beliefs to beliefs of the group members. The group members may have different information, different prior beliefs and even different domains (algebras) within which...

Persistent link: https://www.econbiz.de/10010744918

Risk Attitudes and Measures of Value for Risky Lotteries.

LEWANDOWSKI, Michal; LEWANDOWSKI, Michal - European University Institute - 2010

The topic of this thesis is decision-making under risk. I focus my analysis on expected utility theory by von Neumann …

Persistent link: https://www.econbiz.de/10008543892

Comparison of Discrete Choice Models for Economic Environmental Research

Vojáček, Ondřej; Pecáková, Iva - In: Prague Economic Papers 2010 (2010) 1, pp. 35-53

In the paper the discrete choice models are discussed and applied based on empirical data. The main goal of the paper is to find out whether the various discrete choice models provide the analyst with the robust and reliable estimates of values of natural goods or values of changed quality of...

Persistent link: https://www.econbiz.de/10008548666