risk aversion and models of the utility function. One particular theory (expected utility with rank dependent probabilities …

preferences beyond the classical concept of expected utility theory. The thesis contains four main chapters.The first two chapters … dependence compared to classical models of expected utility theory. It is shown that some empirical puzzles concerning … utility theory are met. It is shown that the methodological concerns are empirically relevant when a classification of …

sets simulated for Full Signal Detection Theory and its special cases of standard Signal Detection Theory and Complementary … Signal Detection Theory. …

My philosophical case study concerns textbook presentations of the theory of demand. Does this theory contain anything …. But then, the theory implies false factual claims. We can avoid this result by embracing the theory’s normative character … of physics by Oliver Timmer. Applying his ideas to the theory of demand reveals that the statements of this discipline …

qualitative Kosten-Nutzen-Analyse wird ein Markt für Risikoaustausch modelliert. Transaktionskosten werden simultan auf einem …

This half-semester course discusses decision theory and topics in game theory. We present models of individual decision …-making under certainty and uncertainty. Topics include preference orderings, expected utility, risk, stochastic dominance …, supermodularity, monotone comparative statics, background risk, game theory, rationalizability, iterated strict dominance multi …

expected utility of an alternative, and conditions forthe separation of preferences among alternatives are shown. If …

allowing the decision maker to vary the protection level in a smooth way across the uncertainty set. We apply our approach to … closely to the theory of convex risk measures. We show that the complexity of this approach is equivalent to that of solving a …

paper determines producer’s utility function and price processeswhere profit margin hedging is optimal. Profit margin … hedging is shown to be an optimalstrategy under a highly restricted target utility function even in an efficient market … utility of other strategy such as alwayshedging and selling at harvest strategies. A variance ratio test is conducted to test …