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Accidents and Decision Making under Uncertainty: A Comparison of Four Models

โœ Scribed by Rachel Barkan; Dov Zohar; Ido Erev


Book ID
112262383
Publisher
Elsevier Science
Year
1998
Tongue
English
Weight
715 KB
Volume
74
Category
Article
ISSN
0749-5978

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Ordinal utility models of decision makin
โœ Charles F. Manski ๐Ÿ“‚ Article ๐Ÿ“… 1988 ๐Ÿ› Springer US ๐ŸŒ English โš– 992 KB

This paper studies two models of rational behavior under uncertainty whose predictions are invariant under ordinal transformations of utility. The 'quantile utility' model assumes that the agent maximizes some quantile of the distribution of utility. The 'utility mass' model assumes maximization of