-premium involved-, most motivations of these fixed costs are as incompatible with conventional portfolio theory as the non … alternatives to conventional portfolio theory. We find in Choquet expected utility theory a tool that is better equipped to deal …

by the Portfolio Balance Theory of Currency Substitution (Cuddington, 1983), the results obtained in this paper suggest …

Harsanyi used expected utility theory to provide two axiomatizations of weighted utilitarian rules. Sen (and later … theory. Specifically, Sen and Weymark have argued that von Neumann-Morgenstern expected utility theory is an ordinal theory … utilitarianism requires a cardinal theory of utility in which only von Neumann-Morgenstern utility functions are acceptable …

This paper proposes a test for the existence of placebo effects, as described by the so-called expectancy theory. This … theory, which is the dominant medical theory of how placebo effects operate, posits that health outcomes rise in individuals … treatment. Blinded, randomized, controlled trials provide near-perfect environments in which to test this theory because they …

-of-sample predictive accuracy. Of particular note, we improve on Bierens's (1990) test theory by considering vector conditional moments …