Lottery Dependent Utility

DOI10.1287/MNSC.33.11.1367MaRDI QIDQ3790900zbMATH OpenOpenAlexFDO

Authors Joao L. Becker, Rakesh K. Sarin

Publication date 1987

Published in Management Science (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1287/mnsc.33.11.1367

zbMATH Keywords

Allais paradoxlottery dependent expected utilitynonlinear utilityrisk aversionvon Neumann-Morgenstern expected utility theory

Mathematics Subject Classification ID

Individual preferences (91B08) Utility theory (91B16)

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Cited in

(26)

• A recourse certainty equivalent for decisions under uncertainty
• Additive representations on rank-ordered sets. II: The topological approach
• The interface between OR/MS and decision theory
• On estimating the determinate equivalent of a lottery
• Probability weighting and utility curvature in QALY-based decision making
• A challenge to the compound lottery axiom: A two-stage normative structure and comparison to other theories
• Expected utility without utility
• Ergodic concept of utility under risk
• Multi-attribute non-expected utility
• Lottery-dependent utility via stochastic benchmarking
• Modeling uncertainty in multi-criteria decision analysis
• Conditional non-expected utility preferences induced by mixture of lotteries: a note on the normative invalidity of expected utility theory
• A belief-dependent utility model
• Preference under risk in the presence of indistinguishable probabilities
• An axiomatic account of status quo-dependent non-expected utility: pragmatic constraints on rational choice under risk
• Neural networks for non-independent lotteries
• Almost stochastic dominance under inconsistent utility and loss functions
• scientific article; zbMATH DE number 773969 (Why is no real title available?)
• Lottery dependent utility: A reexamination
• On the statistical foundations of nonlinear utility theory: the case of status quo-dependent preferences.
• Regret theory, Allais' paradox, and Savage's omelet
• A comparison of five models that predict violations of first-order stochastic dominance in risky decision making
• Applying the benchmarking procedure: A decision criterion of choice under risk
• Rationality judge and optimization design of lottery scheme
• Lottery qualities
• Risk attitudes for nonlinear measurable utility

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