𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Subjectively weighted utility and the Allais Paradox

✍ Scribed by Uday S. Karmarkar

Publisher
Elsevier Science
Year
1979
Weight
286 KB
Volume
24
Category
Article
ISSN
0030-5073

No coin nor oath required. For personal study only.

πŸ“œ SIMILAR VOLUMES

Time, bounded utility, and the St. Peter
Time, bounded utility, and the St. Petersburg paradox
✍ Tyler Cowen; Jack High πŸ“‚ Article πŸ“… 1988 πŸ› Springer US 🌐 English βš– 246 KB

The assumption of bounded utility function resolves the St. Petersburg paradox. The justification for such a bound is provided by Brito, who argues that limited time will bound the utility function. However, a reformulated St. Petersburg game, which is played for both money and time, effectively cir

β€œRational” decision making versus β€œratio
β€œRational” decision making versus β€œrational” decision modelling?: Maurice Allais and Ole Hagen (Eds.). Expected Utility Hypotheses and the Allais Paradox: Contemporary Discussions of Decisions under Uncertainty with Allais' Rejoinder. (Theory and Decision Library, Vol. 21). Dordrecht: Reidel, 1979. pp. vii + 681 + indexes. $86.85
✍ Mark J. Machina πŸ“‚ Article πŸ“… 1981 πŸ› Elsevier Science 🌐 English βš– 930 KB