Search Results - subject:"expected utility theory"

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

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

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

Reverse Common Ratio Effect

Blavatskyy, Pavlo R. - Institut für Volkswirtschaftslehre, … - 2010

The results of a new experimental study reveal highly systematic violations of expected utility theory. The pattern of … decision theories— stochastic expected utility theory (Blavatskyy, 2007) and perceived relative argument model (Loomes, 2008 …

Persistent link: https://www.econbiz.de/10008625739

Second-Order Ambiguity in Very Low Probability Risks: Food Safety Valuation

Kivi, Paul A.; Shogren, Jason F. - In: Journal of Agricultural and Resource Economics 35 (2010) 3

Food consumption involves inherently risky decisions with uncertain probabilities. This study examines how second-order ambiguity, or uncertainty over probabilities, affects food safety decisions. We conduct a food safety survey wherein subjects face both unambiguous and ambiguous situations,...

Persistent link: https://www.econbiz.de/10008802894

Decision Utility Theory: Back to von Neumann, Morgenstern, and Markowitz

Kontek, Krzysztof - Volkswirtschaftliche Fakultät, … - 2010

Prospect Theory (1979) and its Cumulative version (1992) argue for probability weighting to explain lottery choices. Decision Utility Theory presents an alternative solution, which makes no use of this concept. The new theory distinguishes decision and perception utility, postulates a double...

Persistent link: https://www.econbiz.de/10008756284

The Impact of Teachers' Expectations on Students' Educational Opportunities in the Life Course

Becker, Dominik - Cologne Graduate School in Management, Economics and … - 2010

The substantial aim of this paper is to integrate the main idea of 'Pygmalion' or self-fulfilling prophecy research (Rosenthal and Jacobson, 1968; Jussim and Harber, 2005) into the general subjective expected utility framework about inequality in educational opportunities (Breen and Goldthorpe, 1997;...

Persistent link: https://www.econbiz.de/10008788441

Expected Utility theory and the tyranny of catastrophic risks

Buchholz, Wolfgang; Schymura, Michael - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 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/10008646452

A teoria da perspectiva e as mudanças de preferência no mainstream: um prospecto lakatoseano

Pessali, Huascar; Berger, Bruno - Volkswirtschaftliche Fakultät, … - 2010

For many decades over the 20th Century, the mainstream of economics adopted a normative and axiomatic theory of individual behavior in which maximizing procedures were carried out by rationally unbounded agents. This status has been challenged on many grounds and alternative views from fields...

Persistent link: https://www.econbiz.de/10008684882

Do High Tax and Tax Evasion go Hand in Hand? The Non-Linear Case

Trannoy, Alain; Trotin, Gwenola - Groupement de Recherche en Économie Quantitative … - 2010

This paper fully investigates how a tax rate change can affect tax evasion, under the expected utility theory …

Persistent link: https://www.econbiz.de/10008455831