Lottery Dependent Utility
In this paper we propose a model for decision making under risk that is capable of predicting empirically observed preference patterns that have been found to be incompatible with the expected utility model. The model departs from the classical expected utility model by allowing utilities to depend...
| Veröffentlicht in: | Management Science. - Institute for Operations Research and the Management Sciences, 1954. - 33(1987), 11, Seite 1367-1382 |
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| Format: | Online-Aufsatz |
| Sprache: | English |
| Veröffentlicht: |
1987
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| Zugriff auf das übergeordnete Werk: | Management Science |
| Schlagworte: | Utility Theory Preference Theory Economics Applied sciences Law Behavioral sciences Philosophy Mathematics |
| Online verfügbar |
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