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 …

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 … reference-dependent preferences to anticipatory utility. A new model of multi-attribute utility in this context is developed and …

management methodology) it could not however capture the circumstances in which the decision to adoption took place, for which …

Substantial evidence indicates that information is distorted during decision making. However, no studies have assessed … information in the direction of their preferred decision alternative and used these biased evaluations to update their preferences …

Substantial evidence indicates that information is distorted during decision making. However, no studies have assessed … probability information in the direction of their preferred decision alternative and used these biased evaluations to update their …

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

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 …

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 …

This paper develops a framework to link the expected utility analysis to real options models in order to capture the … investment under uncertainty by incorporating decision makers' risk preferences and allows explicitly analyzing the impacts of … shortcomings of the commonly used expected utility and investment under uncertainty models be generalizing the theory of …