Varian (1988) showed that the utility maximization hypothesis cannot be falsified when only a subset of goods is … and sufficient condition for utility maximization in general, not just in the lab. Lab experiments are therefore a valid … tool to put the utility maximization hypothesis to the test. …

refutation of the expected utility hypothesis, and more specifically of the condition of von Neumann-Morgenstern independence …

We present methods of belief elicitation which are applicable for any non-trivial utility function. Unlike existing …

behaviour than standard utility maximisation. An application to experimental and household expenditure data illustrates how the …

theories which are based on non-additive probabilities, i.e. Choquet expected utility (CEU) theories. We first replicated …