Dynamic decision making without expected utility: an operational approach

DOI10.1016/J.EJOR.2004.05.029MaRDI QIDQ2569111zbMATH OpenOpenAlexFDO

Authors Thomas D. Nielsen, Jean-Yves Jaffray

Publication date 17 October 2005

Published in European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.ejor.2004.05.029

zbMATH Keywords

decision analysisuncertainty modelingutility theory

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16)

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Cites work

• A new polynomial-time algorithm for linear programming
• Ascending bid auctions with behaviorally consistent bidders
• Consequentialist foundations for expected utility
• Curvature of the Probability Weighting Function
• Decomposition Principle for Linear Programs
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• scientific article; zbMATH DE number 3288322 (Why is no real title available?)
• Prospect Theory: An Analysis of Decision under Risk
• Risk aversion in the theory of expected utility with rank dependent probabilities
• Risk seeking with diminishing marginal utility in a non-expected utility model
• The Dual Theory of Choice under Risk
• Theory of capacities
• Two-Stage Lotteries without the Reduction Axiom

Cited in

(7)

• Information processing under imprecise risk with an insurance demand illustration
• Dynamic systems based on preference graph and distance
• Computational models for cumulative prospect theory: application to the knapsack problem under risk
• Sequential decision making without independence: a new conceptual approach
• Computing rank dependent utility in graphical models for sequential decision problems
• Dynamically consistent updating of multiple prior beliefs -- an algorithmic approach
• Tribute to Jean-Yves Jaffray

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