Search Results - subject:"utility function"

Indifference, indecisiveness, experimentation and stochastic choice

Ok, Efe A.; Tserenjigmid, Gerelt - In: Theoretical economics : TE ; an open access journal in … 17 (2022) 2, pp. 651-686

Among the reasons behind the choice behavior of an individual taking a stochastic form are her potential indifference or indecisiveness between certain alternatives, and/or her willingness to experiment in the sense of occasionally deviating from choosing a best alternative in order to give a...

Persistent link: https://www.econbiz.de/10013273770

Downside risk aversion vs decreasing absolute risk aversion : an intuitive exposition

Hammitt, James K. - 2022

Persistent link: https://www.econbiz.de/10013367239

Measuring price risk aversion through indirect utility functions : a laboratory experiment

Zeytoon-Nejad, Ali - In: Games 13 (2022) 4, pp. 1-43

prices can be measured through the context of the indirect utility function (IUF) using a lab experiment. First, the paper … in the mainstream of experimental economics. Indeed, the DT in modern microeconomics indicates that the direct utility … function (DUF) and the IUF are dual to each other, implicitly suggesting that the degree of risk aversion (or risk seeking …

Persistent link: https://www.econbiz.de/10013368182

Risk aversion over finite domains

Baccelli, Jean; Schollmeyer, Georg; Jansen, Christoph - In: Theory and decision : an international journal for … 93 (2022) 2, pp. 371-397

Persistent link: https://www.econbiz.de/10013460870

Optimal consumption for recursive preferences with local substitution : the case of certainty

Li, Hanwu; Riedel, Frank; Yang, Shuzhen - 2022

We characterize optimal consumption policies in a recursive intertemporal utility framework with local substitution. We establish existence and uniqueness and a version of the Kuhn-Tucker theorem characterizing the optimal consumption plan. An explicit solution is provided for the case when the...

Persistent link: https://www.econbiz.de/10013445441

Chance theory : a separation of riskless and risky utility

Schmidt, Ulrich; Zank, Horst - In: Journal of risk and uncertainty 65 (2022) 1, pp. 1-32

Persistent link: https://www.econbiz.de/10013453847

Law-invariant functionals that collapse to the mean : beyond convexity

Liebrich, Felix-Benedikt; Munari, Cosimo-Andrea - In: Mathematics and financial economics 16 (2022) 3, pp. 447-480

Persistent link: https://www.econbiz.de/10013438862

Information avoidance : an experimental test of anticipated regret

Cavlovic, Therese; Koford, Brandon C.; Rentschler, Lucas - In: Journal of risk and uncertainty 69 (2024) 3, pp. 323-348

Persistent link: https://www.econbiz.de/10015195596

Integrated assessment modelling of degrowth scenarios for Australia

Li, Mengyu; Keyßer, Lorenz; Kikstra, Jarmo S.; Hickel, … - In: Economic systems research 36 (2024) 4, pp. 545-575

Persistent link: https://www.econbiz.de/10015197395

Estimating preference parameters from strictly concave budget restrictions

Gerhardt, Holger; Suchy, Rafael - 2024

We propose an easy-to-use method for estimating preference parameters experimentally: choices from strictly concave budget restrictions (SCBRs). SCBRs generalize the popular method of analyzing choices from linear budget restrictions (LBRs). SCBRs promise (i) to improve the informational content...

Persistent link: https://www.econbiz.de/10015062922