This paper gives a new explanation for the systematic disparity between standard gamble (SG) utilities and time trade-off (TTO) utilities. The common explanation, which is based on expected utility, is that the disparity is caused by curvature of the utility function for duration. This explanation i
Chained time trade-off and standard gamble methods
β Scribed by Paul McNamee; Sharon Glendinning; Jonathan Shenfine; Nick Steen; S.Michael Griffin; John Bond
- Publisher
- Springer
- Year
- 2004
- Tongue
- French
- Weight
- 218 KB
- Volume
- 5
- Category
- Article
- ISSN
- 1618-7598
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