𝔖 Bobbio Scriptorium
✦   LIBER   ✦

A critique of expected utility theory: Descriptive and normative considerations

Publisher
Springer
Year
1975
Tongue
English
Weight
547 KB
Volume
9
Category
Article
ISSN
1876-2514

No coin nor oath required. For personal study only.

πŸ“œ SIMILAR VOLUMES

Possibilities as cumulative subjective p
Possibilities as cumulative subjective probabilities and a norm on the space of congruence classes of fuzzy numbers motivated by an expected utility functional
✍ K.David Jamison πŸ“‚ Article πŸ“… 2000 πŸ› Elsevier Science 🌐 English βš– 118 KB

In our prior paper (Jamison and Lodwick, 1996) we deΓΏned a fuzzy function and discussed the theory for optimizing unconstrained fuzzy functions. In that paper we described the need for a measure for comparing di erent possibility distributions in order to determine the decision makers preference for

Optimal insurance without expected utili
Optimal insurance without expected utility: the dual theory and the linearity of insurance contracts : 074062 (E12) Doherty N.A. (βˆ—), Eeckhoudt L., University of Pennsylvania, Philadelphia (βˆ—), Facultes Universitaires Catholiques de Mons, Belgium, Journal of Risk and Uncertainty, Vol. 10, nr. 2, 1995, pp. 157–179
πŸ“‚ Article πŸ“… 1996 πŸ› Elsevier Science 🌐 English βš– 117 KB

Models of the insurance markets and institutions are routinely based on expected utility. Since EU is being challenged by an increasing number of decision models, we examine whether EU-based models are robust in their predictions. To do so, we rework some basic models of optimal insurance contracts