Utility of gambling. II: Risk, paradoxes, and data

DOI10.1007/S00199-007-0259-YzbMATH Open1137.91010OpenAlexW2090185959WikidataQ57086471 ScholiaQ57086471MaRDI QIDQ929347FDOQ929347

Che Tat Ng, R. Duncan Luce, János Aczél, A. A. J. Marley

Publication date: 17 June 2008

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00199-007-0259-y

zbMATH Keywords

EntropyExpected utilityIndependence propertiesFunctional equationsDuplex decompositionLinear weighted utilitySegregationUtility of gamblingUtility paradoxes

Mathematics Subject Classification ID

Utility theory (91B16) Probabilistic games; gambling (91A60) Utility theory for games (91A30)

Cites Work

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Cited In (12)

• Adaptive decision making via entropy minimization
• Utility of gambling. I: Entropy modified linear weighted utility
• The utility of gambling reconsidered
• An experimental test of reduction invariance
• Weighted entropies
• Utility of gambling under p(olynomial)-additive joint receipt and segregation or duplex decomposition
• Utility of gambling when events are valued: An application of inset entropy
• A decision model based on expected utility, entropy and variance
• The normalized expected utility -- entropy and variance model for decisions under risk
• Behavioral assumptions for a class of utility theories: a program of experiments
• Half-full or half-empty? A model of decision making under risk
• Purity, resistance, and innocence in utility theory

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