Resolving Inconsistencies in Utility Measurement under Risk: Tests of Generalizations of Expected Utility

This paper explores inconsistencies that occur in utility measurement under risk when expected utility theory is assumed and the contribution that prospect theory and some other generalizations of expected utility can make to the resolution of these inconsistencies. We used five methods to measure u...

Ausführliche Beschreibung

Bibliographische Detailangaben

1. Verfasser:	Bleichrodt, Han (VerfasserIn)
Weitere Verfasser:	Abellan-Perpiñan, Jose Maria, Pinto-Prades, Jose Luis, Mendez-Martinez, Ildefonso
Format:	Online-Aufsatz
Sprache:	English
Veröffentlicht:	2007
Schlagworte:	utility measurement nonexpected utility prospect theory health Economics Behavioral sciences Information science Mathematics