-dependent utility models and cumulative prospect theory. The second part reviews theories of decision making under uncertainty that …This chapter reviews developments in the theory of decision making under risk and uncertainty, focusing on models that … “linearity in the probabilities” aspect of expected utility theory to game theory. The chapter consists of two main parts: The …

utility of these equivalent unambiguous beliefs. Such an approach makes it possible to disentangle uncertainty aversion …

Risk and time are intertwined. The present is known while the future is inherently risky. Discounted expected utility … robust violations of discounted expected utility, inconsistent with both prospect theory probability weighting and models …