DecisionSciRN: Expected Utility Theory (Sub-Topic)最新文献

A decision frame theory for uncertainty with applications to regret and choice acclimatization 不确定性决策框架理论及其在后悔和选择适应中的应用

DecisionSciRN: Expected Utility Theory (Sub-Topic) Pub Date : 2021-06-21 DOI: 10.2139/ssrn.3872458

C. Feige

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引用次数: 0

Who Are I: Time Inconsistency and Intrapersonal Conflict and Reconciliation 我是谁:时间不一致与人际冲突与和解

DecisionSciRN: Expected Utility Theory (Sub-Topic) Pub Date : 2021-05-02 DOI: 10.2139/ssrn.3839887

X. He, X. Zhou

引用次数: 13

A Complete Ranking of Risky Prospects Consistent with Stochastic Dominance 符合随机优势的风险前景的完全排序

DecisionSciRN: Expected Utility Theory (Sub-Topic) Pub Date : 2020-11-12 DOI: 10.2139/ssrn.3729152

Olivier Le Courtois, Xia Xu

引用次数: 1

Risks and Optimal Migration Duration: The Role of Higher Order Risk Attitudes 风险与最优迁移持续时间:高阶风险态度的作用

DecisionSciRN: Expected Utility Theory (Sub-Topic) Pub Date : 2020-09-16 DOI: 10.2139/ssrn.3693719

Siwar Khelifa

引用次数: 0

Measuring and Comparing Two Kinds of Rationalizable Opportunity Cost in Mixture Models 混合模型中两种可合理化机会成本的度量与比较

DecisionSciRN: Expected Utility Theory (Sub-Topic) Pub Date : 2019-09-09 DOI: 10.2139/ssrn.3160979

J. Bland

{"title":"Measuring and Comparing Two Kinds of Rationalizable Opportunity Cost in Mixture Models","authors":"J. Bland","doi":"10.2139/ssrn.3160979","DOIUrl":"https://doi.org/10.2139/ssrn.3160979","url":null,"abstract":"In experiments of decision-making under risk, structural mixture models allow us to take a menu of theories about decision-making to the data, estimating the fraction of people who behave according to each model. While studies using mixture models typically focus only on how prevalent each of these theories is in people’s decisions, they can also be used to assess how much better this menu of theories organizes people’s utility than does just one theory on its own. I develop a framework for calculating and comparing two kinds of rationalizable opportunity cost from these mixture models. The first is associated with model mis-classification: How much worse off is a decision-maker if they are forced to behave according to model A, when they are in fact a model B type? The second relates to the mixture model’s probabilistic choice rule: How much worse off are subjects because they make probabilistic, rather than deterministic, choices? If the first quantity dominates, then one can conclude that model a constitutes an economically significant departure from model B in the utility domain. On the other hand, if the second cost dominates, then models a and B have similar utility implications. I demonstrate this framework on data from an existing experiment on decision-making under risk.","PeriodicalId":154400,"journal":{"name":"DecisionSciRN: Expected Utility Theory (Sub-Topic)","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-09-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122405469","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2

Resolving the WTP-WTA Gap in Changes in Morbidity Risks 解决WTP-WTA在发病率风险变化上的差距

DecisionSciRN: Expected Utility Theory (Sub-Topic) Pub Date : 2018-09-26 DOI: 10.2139/ssrn.3266029

Jiakun Zheng

引用次数: 0

Once Upon a Time Preference - How Rationality and Risk Aversion Change the Rationale for Discounting 从前的时间偏好——理性和风险厌恶如何改变贴现的基本原理

DecisionSciRN: Expected Utility Theory (Sub-Topic) Pub Date : 2012-04-25 DOI: 10.2139/ssrn.2045990

Christian P. Traeger

引用次数: 21