Anticipated utility: A measure representation approach
From MaRDI portal
Publication:919972
DOI10.1007/BF02283529zbMath0707.90023OpenAlexW2051689095MaRDI QIDQ919972
Publication date: 1989
Published in: Annals of Operations Research (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1007/bf02283529
Related Items (53)
Composition rules in original and cumulative prospect theory ⋮ Risk seeking with diminishing marginal utility in a non-expected utility model ⋮ Modeling attitudes towards uncertainty and risk through the use of Choquet integral ⋮ Observing different orders of risk aversion ⋮ How complicated are betweenness preferences? ⋮ From sure to strong diversification ⋮ Benchmarking real-valued acts ⋮ Cumulative prospect theory's functional menagerie ⋮ Decisions under risk and uncertainty: A survey of recent developments ⋮ The comonotonic sure-thing principle ⋮ Utility theory with probability dependent outcome valuation: Extensions and applications ⋮ Optimal insurance without expected utility: The dual theory and the linearity of insurance contracts ⋮ Rank dependent utility for arbitrary consequence spaces ⋮ Preference functionals with prize-dependent distortion of probabilities ⋮ Mixture independence foundations for expected utility ⋮ Pricing insurance contracts under cumulative prospect theory ⋮ Interval scalability of rank-dependent utility ⋮ A rank-dependent generalization of zero utility principle. ⋮ Empirical rules of thumb for choice under uncertainty ⋮ Advances in Prospect Theory: Cumulative Representation of Uncertainty ⋮ On iterative premium calculation principles under Cumulative Prospect Theory ⋮ When can expected utility handle first-order risk aversion? ⋮ Risk Aversion in Travel Mode Choice with Rank-Dependent Utility ⋮ On the use of capacities in modeling uncertainty aversion and risk aversion ⋮ Comparative statics for rank-dependent expected utility theory ⋮ Additive representations on rank-ordered sets. I: The algebraic approach ⋮ AN ITERATIVITY CONDITION FOR THE MEAN-VALUE PRINCIPLE UNDER CUMULATIVE PROSPECT THEORY ⋮ Differentiability, comparative statics, and non-expected utility preference ⋮ Many good choice axioms: When can many-good lotteries be treated as money lotteries? ⋮ Advances in prospect theory: cumulative representation of uncertainty ⋮ Recent developments in modeling preferences: Uncertainty and ambiguity ⋮ Utility theory with probability-dependent outcome valuation ⋮ Combining additive representations on subsets into an overall representation ⋮ Order indifference and rank-dependent probabilities ⋮ Security level, potential level, expected utility: a three-criteria decision model under risk ⋮ Diversification preferences in the theory of choice ⋮ Multisymmetric structures and non-expected utility ⋮ The Choquet integral with respect to a level dependent capacity ⋮ A new axiomatization of rank-dependent expected utility with tradeoff consistency for equally likely outcomes ⋮ Strategic games with security and potential level players ⋮ Counterexamples to Segal's measure representation theorem ⋮ The measure representation: A correction ⋮ On the robustness of indeterminacy in subjective probability ⋮ The sure-thing principle and the comonotonic sure-thing principle: An axiomatic analysis ⋮ Insurance Premium Calculations with Anticipated Utility Theory ⋮ Probability weighting and the `level' and `spacing' of outcomes: an experimental study over losses ⋮ Variations on the measure representation approach ⋮ Comonotonicity axioms and rank-dependent expected utility theory for arbitrary consequences ⋮ The role of aspiration level in risky choice: A comparison of cumulative prospect theory and SP/A theory ⋮ From uniform expected utility to uniform rank-dependent utility: an experimental study ⋮ Separating marginal utility and probabilistic risk aversion ⋮ Probability weighting for losses and for gains among smallholder farmers in Uganda ⋮ Violations of the betweenness axiom and nonlinearity in probability
Cites Work
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Risk aversion in the theory of expected utility with rank dependent probabilities
- Expected utility with purely subjective non-additive probabilities
- A unifying approach to axiomatic non-expected utility theories
- The Ellsberg Paradox and Risk Aversion: An Anticipated Utility Approach
- "Expected Utility" Analysis without the Independence Axiom
- "Preference Reversal" and the Observability of Preferences by Experimental Methods
- The Dual Theory of Choice under Risk
- Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine
- Exposition of a New Theory on the Measurement of Risk
This page was built for publication: Anticipated utility: A measure representation approach
