Utility theory with probability dependent outcome valuation: Extensions and applications

DOI10.1007/BF01083556MaRDI QIDQ1916296zbMATH OpenFDO

Authors Edi Karni, Edward E. Schlee

Publication date 25 November 1996

Published in Journal of Risk and Uncertainty (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/BF01083556

zbMATH Keywords

Allais paradoxBergen paradoxbetweennessnonexpected utility theoryprobability dependent outcome valuation

Mathematics Subject Classification ID

Utility theory (91B16)

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Cites work

• A Generalization of the Quasilinear Mean with Applications to the Measurement of Income Inequality and Decision Theory Resolving the Allais Paradox
• An axiomatic characterization of preferences under uncertainty: Weakening the independence axiom
• Anticipated utility: A measure representation approach
• Axiomatic utility theories with the betweenness property
• Dominance Axioms and Multivariate Nonexpected Utility Preferences
• Efficiency Analysis for Multivariate Distributions
• scientific article; zbMATH DE number 4060392 (Why is no real title available?)
• scientific article; zbMATH DE number 3313523 (Why is no real title available?)
• scientific article; zbMATH DE number 3339023 (Why is no real title available?)
• Many good choice axioms: When can many-good lotteries be treated as money lotteries?
• The Dual Theory of Choice under Risk
• Transitive measurable utility
• Utility theory with probability-dependent outcome valuation

Cited in

(9)

• Dynamic psychological games
• Extensions of the prudence principle to exploit a valued outranking relation
• Utility theory with probability-dependent outcome valuation
• Probability weighting and utility curvature in QALY-based decision making
• Empirical evidence of two-attribute utility dependence on probability
• The preservation of multivariate comparative statics in nonexpected utility theory
• Towards a more precise decision framework. A separation of the negative utility of chance from diminishing marginal utility and the preference for safety
• scientific article; zbMATH DE number 3850774 (Why is no real title available?)
• On the statistical foundations of nonlinear utility theory: the case of status quo-dependent preferences.

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