Expected utility hypothesis

Known as: Expected utility theorem, Expected utility theory, Expected utility 
In economics, game theory, and decision theory the expected utility hypothesis, concerning people's preferences with regard to choices that have… (More)
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Highly Cited
2003
Highly Cited
2003
A reference-dependent generalisation of subjective expected utility theory is presented. In this theory, preferences between acts… (More)
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Highly Cited
2000
Highly Cited
2000
OW MANY THEORIES of decision making under risk and uncertainty can you think of? Readers of this article will no doubt be… (More)
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Highly Cited
2000
Highly Cited
2000
This paper provides an axiomatic foundation for a maxmin expected utility over a set of priors (MMEU) decision rule in an… (More)
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Highly Cited
1999
Highly Cited
1999
The paper studies the problem of maximizing the expected utility of terminal wealth in the framework of a general incomplete… (More)
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Highly Cited
1998
Highly Cited
1998
Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org… (More)
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Highly Cited
1997
Highly Cited
1997
We all experience feelings related to our uncertainty about the future, such as hopefulness, anxiety, and suspense. Psychologists… (More)
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Highly Cited
1996
Highly Cited
1996
A biological model is developed here to determine the fittest attitude to risk. With a fixed environment, the type maximizing… (More)
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Highly Cited
1989
Highly Cited
1989
  • Daniel Ellsberg
  • 1989
Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org… (More)
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Highly Cited
1988
Highly Cited
1988
Behaviour norms are considered for decision trees which allow both objective probabilities and uncertain states of the world with… (More)
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1978
1978
The formula for Fair Risk-Compensation (hereafter, FRC) in betting situations is usually expressed as B/p(W), where B is the… (More)
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