standard decision theories like expected utility or cumulative prospect theory. … like expected utility or cumulative prospect theory which are irrationally atemporal (single stage) theories, ignoring the …This book is written for those seeking a decision theory appropriate for use in serious choices such as insurance. It …

The utility maximization paradigm forms the basis of many economic, psychological, cognitive and behavioral models …The utility maximization paradigm forms the basis of many economic, psychological, cognitive and behavioral models … context of choice. It covers classic theory as a special, context-free case and gives a systematic overview of new models of …

Read examines probability, risk, and uncertainty through the contributions of John von Neumann, Leonard Jimmie Savage … and insights into financial rewards under risk and uncertainty …

risk and risk attitude concepts. Behavior under uncertainty emerges from this book as something to base more on inquiry and …

The theory on the evolution of preferences deals with the endogenous formation of preference relations in strategic … situations. It is related to the field of evolutionary game theory. In this book we analyze the role and the influence of general …, possibly non-expected utility preferences in such an evolutionary setup. In particular, we demonstrate that preferences which …

process: the stochastic dominance approach; the mean-variance approach; and the non-expected utility approach, focusing on … prospect theory and its modified version, cumulative prospect theory. Each approach is discussed and compared. In addition … process: The stochastic dominance approach, the mean-variance approach, and the non-expected utility approach, focusing on …

literature dealing with macroeconomic consequences of microeconomic risk management. This book is concerned with the impact of …

Risk: Is There a Unique Objective Measure? -- Expected Utility Theory -- Stochastic Dominance Decision Rules … Dominance Approach -- Non-Expected Utility and Stochastic Dominance -- Stochastic Dominance and Prospect Theory -- Multivariate …. The non-expected utility approach focuses on Regret Theory (RT) and mainly on prospect theory (PT) and its modified …

In knapper Form stellt dieses essential die Theorie des Erwartungsnutzens verständlich dar. Wer sich in kurzer Zeit … Ursprung der Theorie des Erwartungsnutzens an, leitet die Modelle aus der These des rationalen Verhaltens ab und diskutiert … Nutzen und Potenznutzen Nutzenmodelle und sicherer Gewinn Übungsaufgaben und Lösungen Die Zielgruppe Studierende …