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CORE: For decision models under uncertainty

โœ Scribed by T.V.S. Ramamohan Rao; Saraswati P. Singh


Book ID
116101018
Publisher
Elsevier Science
Year
1990
Tongue
English
Weight
395 KB
Volume
34
Category
Article
ISSN
0165-1765

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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