Search Results - subject_exact:"Nutzen"

Preker, Jurek - 2026

We investigate and axiomatize preferences that display indifference between deterministic states, but exhibit strict orderings over lotteries over these states. Such preferences might be due to the ability to adopt to states, or a (dis)taste for uncertainty. We derive a representation theorem...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015588344

Judging social priority and the marginal utility of income among individuals

Hammitt, James K. - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015605611

Separating discounting from changing utility

Webb, Craig S. - 2026

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

Process utility in high-stakes competition

Dupuy, Arnaud - 2026

We study how individuals trade off outcome (what) and process (how) utility in highstakes strategic decisions. We exploit optimality conditions and high-frequency choices in professional tennis to derive nonparametric bounds on process utility and implement a structural approach to estimate...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015641410

The parlay puzzle : expected utility and multi-leg betting

Whelan, Karl - 2026

Multi-leg parlay bets have become hugely popular in the US despite loss rates on stakes that are four times higher than regular bets. This paper shows that even if bettors believe they have an edge, maximization of subjective expected utility requires placing separate bets when per-leg win...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015644689

Attention-entropy random utility : endogenous attention and context effects in discrete choice

Ghaderi, Mohammad - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015655632

Stick and stay, make it pay? : time preferences and marginal (dis)utility of relative concerns

Akay, Alpaslan; Kartal, Nur Banu - 2026

Individuals' preferences for immediate gratification versus their ability to postpone it, i.e., time preferences, might be related to their marginal utility or disutility stemming from an increase in the income of comparable others, i.e., relative concerns. We argue that while an increase in...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015647573

Information without rents: mechanism design without expected utility

Rivera Mora, Ernesto; Strack, Philipp - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015616759

Mean-field equilibrium price formation with exponential utility

Fujii, Masaaki; Sekine, Masashi - 2025 - This version: January 6, 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015164456

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Mean-field equilibrium price formation with exponential utility

Fujii, Masaaki; Sekine, Masashi - 2023

Book / Working Paper

Mean-field equilibrium price formation with exponential utility

Fujii, Masaaki; Sekine, Masashi - 2023 - The first version: 14 April, 2023

Edition: The first version: 14 April, 2023

Book / Working Paper

Early history of demand theory : anti-psychologist thesis reconsidered

Hudík, Marek - 2025

According to a widely shared view, the development of demand theory in the first half of the twentieth century was heavily influenced by the anti-psychological attitudes of economists. I call this view 'anti-psychologist thesis,' and I criticize it on several grounds. I propose an alternative...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015548988

Non-user utility and market power : the case of smartphones

Bursztyn, Leonardo; Jiménez Durán, Rafael; Leonard, Aaron - 2025

Firms can increase the demand for their products and consolidate their market power not only by increasing user utility but also by decreasing non-user utility. In this paper, we examine this mechanism by considering the case of smartphones. In particular, Apple has faced criticism for allegedly...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015372534

Subjective probability distributions of nonlinear payoffs : Recovering option payoff, agent’s utility, and pricing kernel distributions

Yamazaki, Akira - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015372650

Multivariate Affine GARCH in portfolio optimization : analytical solutions and applications

Escobar, Marcos; Yang, Yu-Jung; Zagst, Rudi - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015374358

Expected balanced uncertain utility

Grant, Simon; Roorda, B.; Yang, Jingni - 2025

We introduce and analyze expected balanced uncertain utility (EBUU) theory. A prior and a balanced outcome-set utility characterize an EBUU decision maker. Conditional on a reference or "balancing value," the latter assigns a utility to each outcome-set. The decision maker associates with each...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015332578

Some notes on Savage's representation theorem

Frahm, Gabriel; Hartmann, Lorenz - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015333320

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

Generalizing the permanent income hypothesis with homothetic robust Epstein-Zin utility

Kusuda, Koji - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015358699

Strategies with minimal norm are optimal for expected utility maximisation under high model ambiguity

Carassus, Laurence; Wiesel, Johannes - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015394809

The market's implied loss aversion under power-log utility investor preferences

Kale, Jivendra K. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015418401

Managed Expectations Theory : ex ante likelihoods influence ex post utilities

Zeckhauser, Richard; Viscusi, W. Kip - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015591701

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Managed expectations theory : ex ante likelihoods influence ex post utilities

Zeckhauser, Richard; Viscusi, W. Kip - 2025

Book / Working Paper

The savings rate in a discrete-time Ramsey economy with CRRA preferences and full depreciation

Queirós, Francisco - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015466980

Mean-field price formation on trees : with multi-population and non-rational agents

Fujii, Masaaki - 2025 - This version: November 4, 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015467237

Optimal risk sharing with translation invariant recursive utility for jump-diffusions

Aase, Knut K. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015471575

Recursive utility and jumpdiffusions

Aase, Knut K. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015471593

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Recursive Utility and Jump-Diffusions

Aase, Knut K. - 2015

Book / Working Paper

Recursive Utility and Jump-Diffusions

Aase, Knut K. - 2014

Book / Working Paper

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

Comparing EQ-5D-5L, PROPr, SF-6D and TTO utilities in patients with chronic skin diseases

Szabó, Ákos; Brodszky, Valentin; Rencz, Fanni - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015448056

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

Indexical utility : another rationalization of exponential discounting

Spohn, Wolfgang - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015450283

Are long-lived persons utility monsters?

Ponthière, Grégory - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015450312

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Are long-lived persons utility monsters?

Ponthière, Grégory - 2022

Book / Working Paper

On the existence of recursive utility

Kochov, Asen - 2025

Recursive utility functions are often defined implicitly, as the solution of a functional equation known as the Koopmans recursion. As conditions for a unique solution can be demanding, a recent literature has tackled the problem of multiplicity, advocating that one focus attention on either the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015455037

Some properties of generalized homothetic robust epstein-zin utility

Kusuda, Koji - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015407237

The shape of U : on the structure of utility from electric vehicle charging

Theile, Philipp - 2025

With the growing adoption of electric vehicles, understanding user charging behavior is increasingly important for informing operational, investment, and policy decisions regarding their integration into the power system. While utility functions are commonly used to describe user preferences in...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015432984

What's in a u?

Alaoui, Larbi; Penta, Antonio - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015439234

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What's in a u?

Alaoui, Larbi; Penta, Antonio - 2025

Book / Working Paper

Random preference model

Ghaderi, Mohammad; Jedidi, Kamel; Kadziński, Miłosz; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015439052

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Random preference model

Ghaderi, Mohammad; Jedidi, Kamel; Kadziński, Miłosz; … - 2025

Book / Working Paper

Stochastic impatience and the separation of time and risk preferences

Dillenberger, David; Gottlieb, Daniel; Ortoleva, Pietro - 2025

We study how the separation of time and risk preferences relates to a property called Stochastic Impatience. We show that, within a broad class of models, Stochastic Impatience holds if and only if risk aversion and the inverse elasticity of intertemporal substitution are sufficiently close. In...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015459574

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Stochastic impatience and the separation of time and risk preferences

Dillenberger, David; Gottlieb, Daniel; Ortoleva, Pietro - 2020 - This version: July 5, 2020

Edition: This version: July 5, 2020

Book / Working Paper

Stochastic impatience and the separation of time and risk preferences

Dillenberger, David; Gottlieb, Daniel; Ortoleva, Pietro - 2018 - This version: September 8, 2018

Edition: This version: September 8, 2018

Book / Working Paper

The effect of health on the marginal utility of consumption : evidence based on household consumption expenditure

Amo-Agyei, Silas - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015462438

Choquet expected utility and never best choice

Kops, Christopher; Peters, Hans; Vermeulen, Dries - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015561406

Optimal choice of crop insurance : the case of winter barley in France

Dorobantu, Diana; Pham, Gia Hien - 2025

This paper analyzes how the agricultural insurance market is adapting to climate change, particularly as extreme weather events become more frequent and severe. We focus on the optimal decision faced by a risk-averse farmer who wants to insure their crop while making savings. They can choose...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015561624

Mean-field price formation on trees

Fujii, Masaaki - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015492642

Universal choice spaces and expected utility : a Banach-type functorial fixed point

Arvanitis, Stelios - 2025

This paper utilizes a Banach-type fixed point theorem in a functorial context to develop Universal Choice Spaces for addressing decision problems, focusing on expected utility and preference uncertainty. This generates an infinite sequence of optimal selection problems involving probability...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015615144

Multivariate risk attitude : a comparison of alternative approaches in sustainability policies

Beccacece, Francesca - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015593567

On Specimen Theoriae Novae de Mensura Sortis of Daniel Bernoulli

Modesti, Paola - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015593617

The polar contradiction between "power" and "justice"

Wiese, Harald - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015595801

The concept of a behavioral model of decision-making under risk

Falkiewicz, Ewa - 2025

This study outlines the decision-making process under risk considering the psychological aspects of the decision-maker. The aim is to construct a principle of an optimal decision for an individual decision-maker. The study considers a finite, d iscrete s et o f a cceptable decisions, a set of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015596308