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Year of publication
Subject
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Nutzen 4,561 Utility 3,136 Theorie 2,069 Theory 2,043 Entscheidung 794 Decision 648 Risiko 516 Risk 456 Nutzentheorie 293 Utility theory 280 Expected utility 273 Erwartungsnutzen 271 Nutzenfunktion 210 Utility function 209 Welfare economics 197 Präferenztheorie 194 Theory of preferences 191 Wohlfahrtsökonomik 183 Spieltheorie 171 Erwartungsbildung 169 Expectation formation 168 USA 145 United States 138 Experiment 137 Consumption theory 136 Konsumtheorie 136 Game theory 128 Portfolio selection 118 Portfolio-Management 118 Deutschland 116 Entscheidungstheorie 106 Risikoaversion 100 Germany 98 Risk aversion 98 Schätzung 97 Decision under uncertainty 96 Entscheidung unter Unsicherheit 96 Wohlstandstheorie 93 Konsumentenverhalten 92 Consumer behaviour 91
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Online availability
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Free 653 Undetermined 400
Type of publication
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Article 2,965 Book / Working Paper 1,596
Type of publication (narrower categories)
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Article in journal 1,723 Aufsatz in Zeitschrift 1,723 Working Paper 610 Graue Literatur 571 Non-commercial literature 571 Arbeitspapier 568 Aufsatz im Buch 196 Book section 196 Hochschulschrift 148 Thesis 110 Bibliografie enthalten 40 Bibliography included 40 Collection of articles of several authors 33 Sammelwerk 33 Aufsatzsammlung 20 Konferenzschrift 17 Collection of articles written by one author 14 Forschungsbericht 14 Rezension 14 Sammlung 14 Systematic review 12 Übersichtsarbeit 12 Conference paper 11 Konferenzbeitrag 11 Dissertation u.a. Prüfungsschriften 9 Reprint 8 Conference proceedings 6 Advisory report 5 Gutachten 5 Mehrbändiges Werk 5 Multi-volume publication 5 Article 4 Case study 4 Fallstudie 4 Festschrift 4 Mikroform 4 Ratgeber 2 Accompanied by computer file 1 Amtliche Publikation 1 Amtsdruckschrift 1
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Language
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English 3,066 Undetermined 1,078 German 345 French 35 Italian 17 Spanish 13 Hungarian 4 Dutch 2 Czech 1 Danish 1 Norwegian 1 Polish 1 Portuguese 1 Russian 1 Swedish 1
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Author
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Fishburn, Peter C. 64 Karni, Edi 46 Wakker, Peter P. 41 Epstein, Larry G. 37 Segal, Uzi 37 Safra, Zvi 30 Blackorby, Charles 24 Machina, Mark J. 23 Chew, Soo-Hong 22 Schmeidler, David 20 Frey, Bruno S. 19 Bossert, Walter 17 Donaldson, David 16 Samuelson, Paul Anthony 16 Akay, Alpaslan 15 Kelsey, David 15 Quiggin, John C. 15 Kahneman, Daniel 13 Kaplow, Louis 13 Ng, Yew-Kwang 13 Pivato, Marcus 13 Richter, Marcel K. 13 Stutzer, Alois 13 Bleichrodt, Han 12 Zimmermann, Klaus F. 12 Grant, Simon 11 Hammond, Peter J. 11 Luce, Robert Duncan 11 Mongin, Philippe 11 Nakamura, Yutaka 11 Schlee, Edward E. 11 LaValle, Irving H. 10 Marinacci, Massimo 10 Peri, Giovanni 10 Schmidt, Ulrich 10 Bargain, Olivier 9 Benz, Matthias 9 Boonen, Tim J. 9 Broome, John 9 Diewert, Walter E. 9
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Institution
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National Bureau of Economic Research 25 Australian National University / Faculty of Economics and Commerce 3 Internationales Institut für Umwelt und Gesellschaft 3 London School of Economics and Political Science 3 Universität Mannheim / Institut für Volkswirtschaft und Statistik 3 Wirtschaftswissenschaftliches Zentrum <Basel> 3 Bad Orber Gespräche über Kontroverse Themen im Gesundheitswesen <13., 2008, Berlin> 2 Deutsche Forschungsgemeinschaft 2 Economic Research Centre 2 Ekonomiska forskningsinstitutet <Stockholm> 2 European University Institute / Department of Economics 2 Federal Reserve Bank <New York, NY> 2 Foerder Institute for Economic Research <Tēl-Āvîv> 2 Iowa State University of Science and Technology <Ames, Iowa> / Department of Economics 2 Konrad-Adenauer-Stiftung 2 Ludwig-Maximilians-Universität München / Volkswirtschaftliche Fakultät 2 National Centre of Competence in ResearchFinancial Valuation and Risk Management 2 OECD 2 Round Table on Transport Economics <93, 1992, Lyon> 2 Sonderforschungsbereich 303 - Information und die Koordination Wirtschaftlicher Aktivitäten, Universität Bonn 2 Sonderforschungsbereich Quantifikation und Simulation Ökonomischer Prozesse 2 Springer Fachmedien Wiesbaden 2 Swiss National Centre of Competence in Research North South <Bern> 2 Universitetet i Oslo / Økonomisk institutt 2 Aide à la Décision Economique 1 Alfred-Weber-Institut für Sozial- und Staatswissenschaften <Heidelberg> 1 American Economic Association 1 American Marketing Association / Cincinnati Chapter 1 American Marketing Association / Public Utilities Section 1 British Association for the Advancement of Science / Section Economics 1 California Institute of Technology / Division of the Humanities and Social Sciences 1 Centre for Analytical Finance <Århus> 1 Centre for European Reform <London> 1 Centre for Quantitative Economics & Computing 1 Centro di Ricerca e Documentazione "Luigi Einaudi" 1 Conference on Utility: Theories, Measurements, and Applications <1989, Santa Cruz, Calif.> 1 DAK-Gesundheit 1 Deutsche Forschungsgemeinschaft, Bonn 1 Deutsche Gesellschaft für Dokumentation 1 Deutschland / Umweltbundesamt 1
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Published in...
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Journal of economic theory 146 Econometrica : journal of the Econometric Society, an internat. society for the advancement of economic theory in its relation to statistics and mathematics 125 Theory and decision : an international journal for multidisciplinary advances in decision science 122 Journal of mathematical economics 95 Journal of risk and uncertainty : JRU 83 Economics letters 78 Management science : journal of the Institute for Operations Research and the Management Sciences 75 The review of economic studies 55 The American economic review 47 International economic review 42 Mathematical social sciences 40 Discussion paper 38 Economic theory : official journal of the Society for the Advancement of Economic Theory 36 The economic journal : the journal of the Royal Economic Society 36 Journal of economic behavior & organization : JEBO 33 Journal of economic psychology : research in economic psychology and behavioral economics 33 Operations research 32 Working paper / National Bureau of Economic Research, Inc. 32 American journal of agricultural economics 28 The quarterly journal of economics 27 Working papers in economics 27 Journal of political economy 26 NBER working paper series 25 European economic review : EER 24 European journal of operational research : EJOR 24 Games and economic behavior 24 NBER Working Paper 23 Social choice and welfare 23 Journal of public economics 22 Oxford economic papers 22 Discussion paper / University of British Columbia, Department of Economics 20 Discussion paper series / IZA 18 Southern economic journal 18 Insurance / Mathematics & economics 17 Decision analysis : a journal of the Institute for Operations Research and the Management Sciences, INFORMS 16 Journal of economic dynamics & control 16 Journal of economics 16 Rivista internazionale di scienze economiche e commerciali : RiSEC ; pubblicazione trimestrale 16 The journal of socio-economics 16 Discussion paper / A 15
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Source
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ECONIS (ZBW) 4,450 EconStor 47 USB Cologne (EcoSocSci) 33 USB Cologne (business full texts) 25 RePEc 3 BASE 2 ArchiDok 1
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Showing 1 - 50 of 4,561
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Desirability relations in Savage's model of decision making
Samet, Dov; Schmeidler, David - In: Theory and decision : an international journal for … 94 (2023) 1, pp. 1-33
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Einschlagstopp in alten, naturnahen Buchenwäldern im öffentlichen Besitz: Definition, Vorkommen, Inventur-Kennzahlen, Gefährdung und ökonomische Bewertung
Bolte, Andreas; Kroiher, Franz; Rock, Joachim; Dieter, … - 2022
Der Koalitionsvertrag der Bundesregierung sieht vor, dass der Einschlag in alten, naturnahen Buchenwäldern im öffentlichen Besitz gestoppt werden soll (SPD/Grüne/FDP 2021, Zeile 1219-1220). Im vorliegenden Thünen Working Paper werde für alte, naturnahe Buchenwälder mögliche Definitionen...
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Identifying the distribution of welfare from discrete choice
Capéau, Bart; De Sadeleer, Liebrecht; Maes, Sebastiaan - 2022
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Prerationality as avoiding predictably regrettable consequences
Hammond, Peter J. - 2022 - Prepublication version: 2022 August 29th
Persistent link: https://ebtypo.dmz1.zbw/10013205233
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Responsibility utility and the difference between preference and desirance : implications for welfare evaluation
Comerford, David A.; Lades, Leonhard K. - In: Social choice and welfare 58 (2022) 2, pp. 201-224
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Optimal consumption for recursive preferences with local substitution : the case of certainty
Li, Hanwu; Riedel, Frank - 2022
We characterize optimal consumption policies in a recursive intertemporal utility framework with local substitution. We establish existence and uniqueness and a version of the Kuhn-Tucker theorem characterizing the optimal consumption plan. An explicit solution is provided for the case when the...
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Ökonomische Bewertung von Klimaschutzmaßnahmen im Verkehr : Abschlussbericht
Breisig, Volker; Hess, Borge; Rath, Lukas - Deutschland / Umweltbundesamt - 2022
Persistent link: https://ebtypo.dmz1.zbw/10013258068
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Random rank-dependent expected utility
Kashaev, Nail; Aguiar, Victor H. - In: Games 13 (2022) 1, pp. 1-10
We present a novel characterization of random rank-dependent expected utility for finite datasets and finite prizes. As a byproduct, we obtain a characterization of random expected utility that works for finite datasets. The test lends itself to statistical testing. We apply our test to an...
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Rank dependent weighted average utility models for decision making under ignorance or objective ambiguity
Gravel, Nicholas; Marchant, Thierry - 2022
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Are long-lived persons utility monsters?
Ponthiere, Gregory - 2022
Nozick's "utility monster" - a being who is more efficient than other persons at transforming resources into well-being - is often regarded as deeply impossible, on the ground of the incapacity of a single person to have a life that is better than a large number of other lives. In this article,...
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Nonlinear budget set regressions for the random utility model
Blomquist, Nils Sören; Kumar, Anil; Liang, Che-yuan; … - 2022
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Optimal incentives without expected utility
Gonzalez Jimenez, Victor H. - 2022
This paper investigates the optimal design of incentives when agents distort probabilities. We show that the type of probability distortion displayed by the agent and its degree determine whether an incentivecompatible contract can be implemented, the strength of the incentives included in the...
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Caution and reference effects
Cerreia-Vioglio, Simone; Dillenberger, David; Ortoleva, … - 2022
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Indifference, indecisiveness, experimentation and stochastic choice
Ok, Efe A.; Tserenjigmid, Gerelt - In: Theoretical economics : TE ; an open access journal in … 17 (2022) 2, pp. 651-686
Among the reasons behind the choice behavior of an individual taking a stochastic form are her potential indifference or indecisiveness between certain alternatives, and/or her willingness to experiment in the sense of occasionally deviating from choosing a best alternative in order to give a...
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Average monotonic cooperative games with nontransferable utility
Giménez-Gómez, José Manuel; Sudhölter, Peter; … - 2022
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On the cardinal utility equivalence of biseparable preferences
Maccheroni, Fabio; Marinacci, Massimo; Yang, Jingni - In: Theory and decision : an international journal for … 92 (2022) 3/4, pp. 689-701
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The Quantum Foundations of Utility : Resolving the Incompleteness of Economic Theory
Abel, Cal - 2022
We define the axioms of quantum game theory and show that classical, Nashian, game theory is a special case of quantum game theory. In our more general framework, we prove the insufficiency of the von Neumann Morgenstern utility, because it is not uniquely defined. Relating utility to the time...
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Expected Utility and the Michaud Efficient Frontier
Michaud, Richard O. - 2022
For most of the second half of the 20th century, modern neoclassical finance, and more generally much of social science, has been based on the von Neumann and Morgenstern (VM) (1944) game theory expected utility axioms as a prescription for rational decision making under uncertainty. Traditional...
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A random attention and utility model
Kashaev, Nail; Aguiar, Victor H. - 2022
We generalize the stochastic revealed preference methodology of McFadden and Richter (1990) for finite choice sets to settings with limited consideration. Our approach is nonparametric and requires partial choice set variation. We impose a monotonicity condition on attention first proposed by...
Persistent link: https://ebtypo.dmz1.zbw/10013253716
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Utility Tokens
Benedetti, Hugo; Abarzúa, Luis; Caceres Fuentes, Christian - 2022
Utility tokens are digital currencies that serve as the only accepted means of payment for services and products provided through a blockchain-based platform. They finance the development of their product or service, reward and incentivize early adopters and network promoters, align economic...
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Attention and salience in preference reversals
Alós-Ferrer, Carlos; Ritschel, Alexander - In: Experimental economics : a journal of the Economic … 25 (2022) 3, pp. 1024-1051
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Do Generalizations of Expected Utility Explain More than the Zero Effect?
Incekara-Hafalir, Elif; Kim, Eungsik; Stecher, Jack Douglas - 2022
The Allais Paradox is a central motivation for several prominent extensions of expected utility, including rank-dependent theories and the theory of fanning-out indifference curves. We examine the ability of these theories to explain the Allais common consequence effect. The only extension of...
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Recursive Utility with Preference Shocks : Existence and Uniqueness
Stachurski, John; Wilms, Ole; Zhang, Junnan - 2022
This paper studies existence and uniqueness of recursively defined utility in asset pricing models with preference shocks. We provide conditions that clarify existence and uniqueness for a wide range of models, including exact necessary and sufficient conditions for the most standard...
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Bilateral Risk-Sharing in a Comonotone Market With Rank-Dependent Utilities
Boonen, Tim J.; Jiang, Wenjun - 2022
This paper studies a bilateral risk-sharing problem where both agents are rank-dependent utility maximizers. The market restricts risk allocations to be comonotonic. We first characterize the optimal risk allocation in an implicit way through the calculus of variations. Then, based on the...
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The Economic Value of Cultural Diversity : Evidence from Us Cities
Ottaviano, Gianmarco I.P; Peri, Giovanni - 2022
What are the economic consequences to U.S. natives of the growing diversity of American cities? Is their productivity or utility affected by cultural diversity as measured by diversity of countries of birth of U.S. residents? We document in this paper a very robust correlation: US-born citizens...
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Risk aversion over finite domains
Baccelli, Jean; Schollmeyer, Georg; Jansen, Christoph - In: Theory and decision : an international journal for … 93 (2022) 2, pp. 371-397
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Bayesian Social Aggregation With Non-Archimedean Utilities and Probabilities
Pivato, Marcus; Tchouante, Élise Flore - 2022
We consider social decisions under uncertainty. We show that the ex ante social preference order satisfies a Pareto axiom with respect to ex ante individual preferences, along with an axiom of Statewise Dominance, if and only if all agents admit subjective expected utility (SEU) representations,...
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Einschlagstopp in alten, naturnahen Buchenwäldern im öffentlichen Besitz : Definition, Vorkommen, Inventur-Kennzahlen, Gefährdung und ökonomische Bewertung
Bolte, Andreas; Kroiher, Franz; Rock, Joachim; Dieter, … - 2022
Der Koalitionsvertrag der Bundesregierung sieht vor, dass der Einschlag in alten, naturnahen Buchenwäldern im öffentlichen Besitz gestoppt werden soll (SPD/Grüne/FDP 2021, Zeile 1219-1220). Im vorliegenden Thünen Working Paper werde für alte, naturnahe Buchenwälder mögliche Definitionen...
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Portfolio optimization : not necessarily concave utility and constraints on wealth and allocation
Escobar, Marcos; Kschonnek, Michel; Zagst, Rudi - In: Mathematical methods of operations research : ZOR 95 (2022) 1, pp. 101-140
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Nonparametric Analysis of Dynamic Discrete Random Utility Models
Gauthier, Charles - 2022
This note provides a nonparametric test for dynamic discrete random utility models (DDRUM). The methodology can be used to understand the welfare implications of price changes in demand data when there is no uncertainty for consumers that have preferences over product characteristics or discrete...
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Chance theory : a separation of riskless and risky utility
Schmidt, Ulrich; Zank, Horst - In: Journal of risk and uncertainty 65 (2022) 1, pp. 1-32
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Top-down or bottom-up? : disentangling channels of attention in risky choice
Engelmann, Jan; Hirmas, Alejandro; Weele, Joël J. van der - 2021
Economists have become increasingly interested in using attention to explain behavioral patterns both on the micro and macro level. This has resulted in several disparate theoretical approaches. Some, like rational inattention, assume a "top-down" model of executive optimization. Others, like...
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Multi-object auction design beyond quasi-linearity : leading examples
Zhou, Yu; Serizawa, Shigehiro - 2021
In multi-object auction models with unitary demand agents, if agents utility functions satisfy quasi-linearity, three auction formats, sealed-bid auction, exact ascending auction, and approximate ascending auction, are known to identify the minimum price equilibrium (MPE), and exhibit elegant...
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A generalization of quantal response equilibrium via perturbed utility
Allen, Roy E.; Rehbeck, John - In: Games 12 (2021) 1/20, pp. 1-16
We present a tractable generalization of quantal response equilibrium via non-expected utility preferences. In particular, we introduce concave perturbed utility games in which an individual has strategy-specific utility indices that depend on the outcome of the game and an additively separable...
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The endogeneity-to-demand of the national emergency utilization rate
Nikiforos, Michalis - 2021
The paper provides an empirical discussion of the national emergency utilization rate (NEUR), which is based on a "national emergency" definition of potential output and is published by the US Census Bureau. Over the peak-to-peak period 1989-2019, the NEUR decreased by 14.2 percent. The paper...
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A neural network Monte Carlo approximation for expected utility theory
Zhu, Yichen; Escobar, Marcos - In: Journal of risk and financial management : JRFM 14 (2021) 7, pp. 1-18
This paper proposes an approximation method to create an optimal continuous-time portfolio strategy based on a combination of neural networks and Monte Carlo, named NNMC. This work is motivated by the increasing complexity of continuous-time models and stylized facts reported in the literature....
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Competitive equilibria in a comonotone market
Boonen, Tim J.; Liu, Fangda; Wang, Ruodu - In: Economic theory 72 (2021) 4, pp. 1217-1255
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Alternative views on the link between risk aversion and diminishing marginal utility of wealt
Menzl, Vojtěch - In: European financial and accounting journal : EFAJ 16 (2021) 2, pp. 51-72
Although the link between risk aversion and diminishing marginal utility of wealth is academically well established, theoretical discussions concerning its empirical validity remain. The presented, review-type paper aims to briefly examine theoretical roots responsible for the different views on...
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An unhappy pursuit of happiness
Oliver, Adam J. - In: LSE public policy review 1 (2021) 3, pp. 1-8
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Utility representation in abstract wiener space
Charles-Cadogan, G. - 2021
Persistent link: https://ebtypo.dmz1.zbw/10012817221
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Cumulative prospect theory version with fuzzy values of outcome estimates
Uzhga-Rebrov, Oleg; Grabusts, Peter - In: Risks : open access journal 9 (2021) 4, pp. 1-16
Choosing solutions under risk and uncertainty requires the consideration of several factors. One of the main factors in choosing a solution is modeling the decision maker's attitude to risk. The expected utility theory was the first approach that allowed to correctly model various nuances of the...
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Toward a theory of ecosystem well-being
Fleurbaey, Marc; Leppanen, Christy - In: Journal of bioeconomics 23 (2021) 3, pp. 257-295
Persistent link: https://ebtypo.dmz1.zbw/10012653323
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Report-dependent utility and strategy-proofness
Meisner, Vincent - 2021
Despite the truthful dominant strategy, participants in strategy-proof mechanisms submit manipulated preferences. In our model, participants dislike rejections and enjoy the confirmation from getting what they declared most desirable. Formally, the payoff from a match decreases in its position...
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A Random Attention and Utility Model
Kashaev, Nail; Aguiar, Victor - 2021
We generalize the stochastic revealed preference methodology of McFadden and Richter (1990) for finite choice sets to settings with limited consideration. Our approach is nonparametric and requires partial choice set variation. We only impose a monotonicity condition on attention first proposed...
Persistent link: https://ebtypo.dmz1.zbw/10013220858
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Preference Parameters and Behavioral Heterogeneity : An Experimental Approach in the Health and Retirement Survey
Barsky, Robert; Kimball, Miles S.; Juster, F. Thomas; … - 2021
Individuals' preferences underlying most economic behavior are likely to display substantial heterogeneity. This paper reports on direct measures of preference parameters relating to risk tolerance, time preference, and intertemporal substitution. These experimental measures are based on survey...
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Explaining the Rise in Youth Suicide
Cutler, David M.; Glaeser, Edward L.; Norberg, Karen - 2021
Suicide rates among youths aged 15-24 have tripled in the past half-century, even as rates for adults and the elderly have declined. And for every youth suicide completion, there are nearly 400 suicide attempts. This paper examines the dynamics of youth suicide attempts and completions, and...
Persistent link: https://ebtypo.dmz1.zbw/10013249547
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Indifference Pricing Under Sahara Utility
Chen, An; Nguyen, Thai; Sørensen, Nils - 2021
We study utility indifference pricing of untradeable assets in incomplete markets using a symmetric asymptotic hyperbolic absolute risk aversion (SAHARA) utility function, both from the buyer's and seller's perspective. The use of the SAHARA utility function allows us to tackle the ``short...
Persistent link: https://ebtypo.dmz1.zbw/10013250171
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Proper solutions for Epstein–Zin Stochastic Differential Utility
Herdegen, Martin; Hobson, David; Jerome, Joseph - 2021
In this article, we consider the optimal investment-consumption problem for an agent with preferences governed by Epstein--Zin stochastic differential utility (EZ-SDU) who invests in a constant-parameter Black-Scholes-Merton market over the infinite horizon. The parameter combinations that we...
Persistent link: https://ebtypo.dmz1.zbw/10013311109
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The Market for Conservation and Other Hostages
Harstad, Bård - 2021
A “conservation good” (such as a tropical forest) is owned by a seller who is tempted to consume (or cut), but a buyer benefits more from conservation. The seller does conserve if the buyer is expected to buy, but the buyer is unwilling to pay as long as the seller conserves. This...
Persistent link: https://ebtypo.dmz1.zbw/10013315751
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Being Independent is a Great Thing : Subjective Evaluations of Self-Employment and Hierarchy
Frey, Bruno S.; Benz, Matthias - 2021
One can be independent, or subject to decisions made by others. This paper empirically tests whether individuals attach an intrinsic value to the institutional difference between independence and hierarchy. Taking self-employment as an important case of independence, it is shown that the...
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