Search Results - subject_exact:"Utility theory"

Investigating the social boundaries of fairness by modeling Ultimatum Game responders' decisions with multinomial processing tree models

Biella, Marco; Hennig, Max; Oswald, Laura - 2025

Fairness in competitive games such as the Ultimatum Game is often defined theoretically. According to some of the literature, in which fairness is determined only based on resource allocation, a proposal splitting resources evenly (i.e., 5:5) is generally assumed as fair, and minimal deviation...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015271741

Separating discounting from changing utility

Webb, Craig S. - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015638829

Investigating the social boundaries of fairness by modeling Ultimatum Game responders' decisions with multinomial processing tree models

Biella, Marco; Hennig, Max; Oswald, Laura - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015471741

Welfare vs. utility

Dietrich, Franz - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015357360

Properties of Homothetic Robust Epstein-Zin Utility

Kusuda, Koji - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015358362

The economics of risk sharing in discrete time with translation invariant recursive utility

Aase, Knut K. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015473078

Optimal risk sharing with translation invariant recursive utility in continuous time

Aase, Knut K. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015473080

Cancer-specific utility : clinical validation of the EORTC QLU-C10D in patients with glioblastoma

Seyringer, Simone; Pilz, Micha J.; Bottomley, Andrew; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015448484

Meta-analysis of prospect theory parameters

Imai, Taisuke; Nunnari, Salvatore; Wu, Jilong; Vieider, … - 2025

We present a meta-analysis of prospect theory (PT ) parameters, summarizing data from 166 papers reporting 812 estimates. These parameters capture risk-taking propensities, thus holding interest beyond PT. We develop an inverse-variance weighted method that accounts for correlations in PT...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015561732

Prioritizing projects in rural electrification planning : integrating MAUT with OnSSET

Isihak, Salisu; Akpan, Uduak; Bhattarcharyya, Subhes - 2025

This study employs the Open-Source Spatial Electrification Tool (OnSSET) to identify the least-cost technology options, investment requirements, and capacity needed to electrify all unelectrified communities in Sokoto State, Nigeria. Based on OnSSET modelling, the total number of unelectrified...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015492633

A revealed preference approach to approximate utility maximisation

Dziewulski, Paweł - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015578230

Evolution and theoretical implications of the utility concept

Di Foggia, Giacomo; Arrigo, Ugo; Beccarello, Massimo - 2025

We review the evolution of the concept of utility in economics, addressing the conceptual and terminological fragmentation that characterises the interdisciplinary debate. This study adopts the scoping review framework to systematically analyse the main theoretical approaches, ranging from...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015475213

Random utility coordination games on networks

Peski, Marcin - 2025

We study static binary coordination games with random utility played on networks. In equilibrium, each agent chooses an action only if a fraction of her neighbors choosing the same action is higher than an agent‐specific i.i.d. threshold. A fuzzy convention x is a profile where (almost) all...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015415276

An alternative approach for nonparametric analysis of random utility models

Turansick, Christopher - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015574729

On the value of information across decision problems

Abbas, Ali E.; Hazen, Gordon B. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015427687

Advances in Best–Worst Method : Proceedings of the Fifth International Workshop on Best–Worst Method (BWM2024)

2025

This proceedings book contains selected papers from the Fifth International Workshop on Best-Worst Method (BWM2024), held in Delft, the Netherlands, from 13 to 14 June 2024. It presents recent advancements in theory and applications of the Best-Worst Method. It provides valuable insights on why...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015334388

Measures of obligation

Blockley, David - 2022

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014505489

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Measures of obligation

Blockley, David I. - 2022

Article

Trading Liberties: Estimating COVID-19 Policy Preferences from Conjoint Data

Hartmann, Felix; Humphreys, Macartan; Geissler, Ferdinand; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014363470

Ordinal utility differences

Baccelli, Jean - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014550989

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Ordinal Utility Differences

Baccelli, Jean - 2023

Book / Working Paper

Collective or individual rationality in the Nash bargaining solution : efficiency-free characterizations

Nakamura, Kensei - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014551291

An improper solution to the flood cost sharing problem

Müller, David; Pisch, Marcus Franz Konrad - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015075479

Approximate utility

Dybvig, Philip H.; Li, Shu - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015078525

Two-person adversarial games are zero-sum : an elaboration of a folk theorem

Khan, M. Ali; Pedersen, Arthur Paul; Schrittesser, David - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015079955

New method for assigning cardinal weights in multi-criteria decision-making : the constant weight ratio method

Casanovas-Rubio, Maria del Mar; Vinolas-Prat, Bernat - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015135192

Implementing multi-attribute utility theory in service recovery : an operational management perspective on online retailing

Song, Yan; Xiu, Yifan; Wang, Jingyuan - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015116891

Beyond financial wealth : the experienced utility of collectibles

Kleine, Jens; Peschke, Thomas; Wagner, Niklas F. - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015187680

The importance of joining lifecycle models with mean-variance optimization

Kaplan, Paul D.; Idzorek, Thomas M. - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015195217

Incomplete objectives in decision making : how omitting objectives affects identifying the most promising alternative

Abdeen, Sara J. M.; Methling, Florian; Nitzsch, Rüdiger von - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015182023

Disentangling drivers of ambiguity attitudes

Abdellaoui, Mohammed; Akella, Sarat Chandra; Hill, Brian - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015410309

Random discounted expected utility

Apesteguia, Jose; Ballester, Miguel A.; … - 2024

This paper introduces the random discounted expected utility (RDEU) model, which we have developed as a means to deal with heterogeneous risk and time preferences. The RDEU model provides an explicit linkage between preference and choice heterogeneity. We prove it has solid comparative statics,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014577706

Toward an information-processing theory of loss aversion

Villas-Boas, J. Miguel - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014529242

An environmental, social, and governance (ESG) model for multiple criteria analysis of investments

Lombardi Netto, Antonio; Salomon, Valerio A. P.; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015459136

56. Utility tokens

Liu, Qianyu; Tessone, Claudio J. - 2026

A utility token is a digital asset that grants holders the right to access specific products or services within a blockchain-based system, functioning primarily as a means to facilitate interactions within that system (e.g., obtaining discounts or accessing features of an application). Utility...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015642706

Dynamic and stochasitc rational behavior

Kashaev, Nail; Gauthier, Charles; Aguiar, Victor H. - 2023

We analyze consumer demand behavior using Dynamic Random Utility Model (DRUM). Under DRUM, a consumer draws a utility function from a stochastic utility process in each period and maximizes this utility subject to her budget constraint. DRUM allows unrestricted time correlation and cross-section...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013536353

GIANN - a methodology for optimizing competitiveness performance assessment models for small and medium-sized enterprises

Schaefer, Jones Luís; Tardio, Paulo Roberto; Baierle, … - 2023

The adoption of models based on key performance indicators to diagnose and evaluate the competitiveness of companies has been presented as a trend in the operations' management. These models are structured with different variables in complex interrelationships, making diagnosis and monitoring...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014246101

A gentle introduction to risk aversion and utility theory

Cather, David A. - 2010

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10003967619

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A Gentle Introduction to Risk Aversion and Utility Theory

Cather, David - 2023

Book / Working Paper

Utility of Sacrifices : Reorientation of the Utility Theory

GC, Arun - 2023

Utility theory is a pivotal concept in economics that provides insights into how an individual is motivated to act under budget constraints. The main assumption of this theory and the entire field of economics is that a rational human being and an individual derive utility from the consumption...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014348658

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Utility of Sacrifices : Reorientation of the Utility Theory

GC, Arun - 2023

Book / Working Paper

What makes economics special : orientational paradigms

Hoyningen-Huene, Paul; Kincaid, Harold - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014322229

Random utility and limited consideration

Aguiar, Victor H.; Boccardi, Maria Jose; Kashaev, Nail; … - 2023

The random utility model (RUM, McFadden and Richter (1990)) has been the standard tool to describe the behavior of a population of decision makers. RUM assumes that decision makers behave as if they maximize a rational preference over a choice set. This assumption may fail when consideration of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014306354

Moral-hazard-free insurance : mean-variance premium principle and rank-dependent utility theory

Xu, Zuo Quan - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014336334

The slicing method : determining insensitivity regions of probability weighting functions

Egozcue, Martín; García, Luis Fuentes; Zitikis, Ričardas - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014327061

A new axiomatization of discounted expected utility

Neumann, Berenice Anne; Rieger, Marc Oliver - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014425576

Testing Hurwicz expected utility

Bleichrodt, Han; Grant, Simon; Yang, Jingni - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014365450

Predicting Behavior in Games : Loss Aversion vs. Rank Dependent Utility vs. Range Utility Theory

Baucells, Manel; Leclerc, Phil; Lewandowski, Michał; … - 2023

Rank dependent probability weighting---an integral part of cumulative prospect theory---has come to dominate the behavioral modeling of risk preferences in non-strategic settings over the last 40 years. We draw attention to some serious limitations of rank dependence when it comes to...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014343683

Advances in Best-Worst Method : Proceedings of the Third International Workshop on Best-Worst Method (BWM2022)

2023

This book presents recent advances in the theory and application of the Best-Worst Method (BWM). It includes selected papers from the Third International Workshop on Best-Worst Method (BWM2022), held in Delft, the Netherlands, from 9 to 10 June 2022. The book provides valuable insights on why...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013533956

Capital budgeting and Kelly betting

Johnstone, David J. - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014326172

Advances in Best-Worst Method : Proceedings of the Fourth International Workshop on Best-Worst Method (BWM2023)

2023

Probabilistic group decision-making using BWT -- Robust stakeholder-based group-decision making framework: the Multi-Actor Multi-Criteria Analysis (MAMCA) with the integration of Best-Worst Method (BWM) -- A consistent and consensual best-worst method and its application to salespersons’...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014375081

The legacy of Peter Fishburn : foundational work and lasting impact

Hupman, Andrea C.; Simon, Jay - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014294961

Real estate developer's product positioning : AHP-utility-based model

Chiang, Ting-Yi - 2019

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013414720

Uncertainty in Economics : A History

Zappia, Carlo - 2025

Chapter 1. Introduction -- Chapter 2. The Art of Conjecture: Probability and Utility -- Chapter 3. Uncertainty According to Knight and Keynes -- Chapter 4. Von Neumann, Morgenstern and Decision-making under Risk -- Chapter 5. Ramsey, de Finetti and Savage: Decisions under Uncertainty -- Chapter...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015419744