Expected Utility Theory
Non-classical expected utility theory with application to type indeterminacy
... standard expected utility theory was transposed into Hilbert space ...event-lattice theory (with axioms that resemble those of von Neumann and Morgenstern) to a similar ...
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Second-Order Beliefs and Second-Order Expected Utility
... for some utility function u : Z → R. In order to accommodate subjective uncertainty, Anscombe and Aumann (1963) introduce a finite set S of states of nature. An act (or horse lottery) is then defined as a ...
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Facts, Norms and Expected Utility Functions
... their theory of games 10 . Expected utility theory (EUT) was now explicitly presented as a positive technique for the descriptive analysis of economic decisions, free from any normative ...the ...
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More pessimism than greediness: a characterization of monotone risk aversion in the Rank-Dependent Expected Utility model
... Dependent Expected Utility theory due to Quiggin [20] have been treated by Yaari [32], Chew, Karni & Safra [11], Segal [28, 29] and Allais ...Dependent Expected Utility model (RDEU) ...
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Optimal tax policy and expected longevity: A mean and variance utility approach
... variance’ utility function, and we assume that individuals have di¤erent sensitivities to the variance of lifetime ...the expected utility ...- expected utility theory, but ...
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Expected utility without full transitivity
... classical expected utility theory because, for any function U : X → [0, 1] such that U (5) = 1 and U (0) = 0, p q entails U (1) > ...generalized expected-utility criterion that ...
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Dynamic consistency of expected utility under non-classical(quantum) uncertainty
... an expected utility theory in a general non-classical uncertainty context (ortho-modular lattices) but the analysis is static and in terms of ...an expected utility theory with ...
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Conditional marginal expected shortfall
... aspect of adequate risk measurement. For a financial firm, the MES is defined as its short-run expected equity loss conditional on the market taking a loss greater than its VaR. The MES is very simple to compute ...
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Expected Value Under Normative Uncertainty
... one expected-value theory for evaluating ...the expected value of some type of ...the expected value of the ex-ante or ex-post prospect, hence reason from the perspective before or after ...
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Expected Value Under Normative Uncertainty
... the theory of normative uncertainty is to maximise expec- ted value across standards of evaluation, an approach pioneered in some of the cited works, by Oddie, MacAskill, and Ord, ...granted: expected value ...
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Conditional Expected Utility
... him, proposed the model of conditional EU preferences as a way to remedy to this situation. Once the assumption of conditional preferences is made, the problem becomes that of understanding how these decision makers ...
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View of The utility of queer theory in reconceptualising ageing in HIV-positive gay men
... queer theory: vulnerability, temporality and kinship in reference to a number of questions: Why is it we see HIV represented as a collection of social and medical deficiencies? What other ways may we be able to ...
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Four notions of mean preserving increase in risk, risk attitudes and applications to the Rank-Dependent Expected Utility model
... non-decreasing utility function v displays Arrow-Pratt more risk aversion than the non-decreasing utility function u, then a decision maker with utility function v is willing to buy any partial ...
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Applicability of finance theory to public utility rate cases
... an incorrect estimate of the cost of capital defeats the principle that a utility should expect to earn the cost of capital on new investment. About the best that can be said for it is t[r] ...
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Demand forecasting using Monte Carlo Multi-Attribute Utility Theory
... This thesis demonstrates how Multi-Attribute Utility Theory (MAUT) can be extended to the group level to forecast future market shares by applying a distribution to [r] ...
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Planning with preferences using Multi-Attribute Utility Theory along with a Choquet Integral
... The quantity ⇤ 2 is constructed by replacing in ⇤ 1 the usual se- mantic interpretation of final preferences, sometime and sometime- before preferences by an estimate of the effort to produce in order to satisfy them ...
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Robustified expected maximum production frontiers
... conditional expected maximum production ...robustness theory point of ...unconditional expected maximum production functions is more efficient and reliable in filtering out noise than the original ...
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UTILITY MAXIMISATION AND UTILITY INDIFFERENCE PRICE FOR EXPONENTIAL SEMI-MARTINGALE MODELS WITH RANDOM FACTOR
... In this note we concentrate ourselves on non-complete market case, and we establish some explicit formulas for the indifference prices for semi-martingale models when the traded and non-traded asset are de- pendent. This ...
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Proving expected sensitivity of probabilistic programs
... Selsam et al. 2017 ]. Rapid Mixing for Population Dynamics. Randomized algorithms are a useful tool for modeling biological and social phenomena (see, e.g., Jansen [ 2013 ]). They can be used to analyze population ...
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Banking and the information utility.
... has remarked, the time value of money is certain to attract greater attention as automatic credit systems bloom. On the other side of the ledger, employees will be[r] ...
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