標題: Titlebook: Generalized Expected Utility Theory; The Rank-Dependent M John Quiggin Book 1993 Kluwer Academic Publishers 1993 European Union (EU).Financ [打印本頁] 作者: Localized 時間: 2025-3-21 16:13
書目名稱Generalized Expected Utility Theory影響因子(影響力)
作者: inculpate 時間: 2025-3-21 22:37
Taking Action in a Hostile Environment,sses at least a dozen. There are perhaps twenty more models that either have been produced since Fishburn’s survey or fell outside the scope of his enquiry. As is inevitable in such a crowded field, the majority of the new models have received little attention following their initial publication.作者: gentle 時間: 2025-3-22 01:14
Lloyd J. Dumas,Janine R. Wedel,Greg Callmanpproach in both theoretical and applied study of problems relating to risk. One requirement for more general theories of choice under risk to be acceptable as a replacement for EU theory is the existence of appropriate concepts of increases in risk and in risk aversion.作者: HAWK 時間: 2025-3-22 05:16
https://doi.org/10.1057/9781137276186erg problem and the phenomenon of preference reversal. It is therefore of interest to consider how well the RDEU model explains these various observations. Except for the Friedman-Savage problem, discussed in Chapter 8, all of these observations are based primarily on experimental studies.作者: 性滿足 時間: 2025-3-22 09:48 作者: 方便 時間: 2025-3-22 14:47
The Deepening Crisis, August-December 1964,ore formally, stochastic dominance and independence rules. The characterization is applied to a range of decision theories including RDEU, RLU, EU, state-dependent utility theories (Karni 1983) and regret theory (Loomes and Sugden 1982, 1983, 1987).作者: 方便 時間: 2025-3-22 19:31 作者: adj憂郁的 時間: 2025-3-22 23:49
Uncertaintyimportance by gambling for small or large stakes. Because the structure of these games is comparatively simple, games of chance have played an important r?le in the development of theories of choice under uncertainty.作者: alleviate 時間: 2025-3-23 04:01
Rank-dependent Expected Utility - An Outlinesses at least a dozen. There are perhaps twenty more models that either have been produced since Fishburn’s survey or fell outside the scope of his enquiry. As is inevitable in such a crowded field, the majority of the new models have received little attention following their initial publication.作者: artifice 時間: 2025-3-23 07:42 作者: BRIEF 時間: 2025-3-23 13:06
RDEU and Experimental Evidenceerg problem and the phenomenon of preference reversal. It is therefore of interest to consider how well the RDEU model explains these various observations. Except for the Friedman-Savage problem, discussed in Chapter 8, all of these observations are based primarily on experimental studies.作者: 無思維能力 時間: 2025-3-23 17:50
Axiomatic Approaches to RDEUapproach is to write down an appealing set of axioms, then derive the functional form implied by those axioms. A large part of the research agenda then consists of weakening and modifying the axioms and of exploring the logical relationships between sets of axioms. The outstanding exemplar of this approach is Fishburn (1982, 1988).作者: Mortal 時間: 2025-3-23 20:23
Stochastic Dominance and Independence Rulesore formally, stochastic dominance and independence rules. The characterization is applied to a range of decision theories including RDEU, RLU, EU, state-dependent utility theories (Karni 1983) and regret theory (Loomes and Sugden 1982, 1983, 1987).作者: 誘使 時間: 2025-3-24 01:59 作者: 大方一點 時間: 2025-3-24 05:15
Confronting Gun Violence in Americae primarily technical). Historically the second concern came first. The Allais ‘paradox’ was developed to illustrate problems with the von Neumann-Morgenstern independence axiom. Savage’s sure thing principle was a reformulation of the independence axiom designed to enhance its normative appeal.作者: Assault 時間: 2025-3-24 08:54
Gary Lock,Brian Leigh Molyneauxtion .*. In particular, changes in initial wealth levels will lead, not only to decreasing absolute risk aversion effects of the kinds explored by Arrow and Pratt, but to shifts in the utility function itself.作者: 來就得意 時間: 2025-3-24 12:33
Some Normative Properties of RDEUe primarily technical). Historically the second concern came first. The Allais ‘paradox’ was developed to illustrate problems with the von Neumann-Morgenstern independence axiom. Savage’s sure thing principle was a reformulation of the independence axiom designed to enhance its normative appeal.作者: 全等 時間: 2025-3-24 16:14 作者: Rinne-Test 時間: 2025-3-24 21:30
Book 1993generalizedmodels are too difficult to handle or incapable of generating sharpresults. This creates a need to show that the new models can be usedin the kinds of economic analysis for which EU has been used, and thatthey can yield new and interesting results. .This book meets this need by describing作者: 地殼 時間: 2025-3-25 00:40 作者: Notorious 時間: 2025-3-25 04:41
Uncertaintyions about what clothes to wear, to critical economic decisions about savings, investment and production, this uncertainty affects us all. Probably a more important source of uncertainty is found in the unpredictable actions of other people. Not only are we confronted directly with the unpredictable作者: 繁重 時間: 2025-3-25 08:03 作者: lambaste 時間: 2025-3-25 13:46 作者: 樂器演奏者 時間: 2025-3-25 16:17 作者: 細絲 時間: 2025-3-25 21:03 作者: Initial 時間: 2025-3-26 01:05 作者: patriot 時間: 2025-3-26 05:37
Some Normative Properties of RDEU known violations of the predictions of EU theory, to produce a more adequate descriptive model of choice under uncertainty. Second, there was a widespread view that the independence axiom lacked the normative appeal of the dominance and transitivity axioms (the continuity and completeness axioms ar作者: 使絕緣 時間: 2025-3-26 09:08 作者: 支形吊燈 時間: 2025-3-26 14:29 作者: 征兵 時間: 2025-3-26 20:47 作者: 莊嚴 時間: 2025-3-26 23:49 作者: Pcos971 時間: 2025-3-27 01:07
Extensionsject of this chapter is to give a brief indication of the ways in which the ideas developed above, and particularly the rank-dependent model, may be extended to a range of contexts beyond the theory of choice under uncertainty with known probabilities.作者: 蛤肉 時間: 2025-3-27 05:38 作者: 混合,攙雜 時間: 2025-3-27 11:25
978-94-010-4966-5Kluwer Academic Publishers 1993作者: 芭蕾舞女演員 時間: 2025-3-27 16:45 作者: adequate-intake 時間: 2025-3-27 18:22 作者: 憤怒歷史 時間: 2025-3-28 01:41 作者: CLASH 時間: 2025-3-28 04:04 作者: JADED 時間: 2025-3-28 07:29
EU Theoryhigher values of the functional correspond to increasing preference. With the notation given above, we may present a formal outline of EU theory. For any prospect (.), the . of the prospect is defined by a functional where is a ..作者: profligate 時間: 2025-3-28 13:02
Comparative Statics for RDEU Theorypothesis of EU maximization apply in a more general setting; to indicate where EU results may not apply; and to analyze problems that lie outside the scope of EU theory. This chapter is primarily devoted to the first of these problems.作者: 蛤肉 時間: 2025-3-28 18:22
Risk Seeking and Lottery Designwork. It has also been shown that some results, notably those concerning second order risk aversion and those relying on the equivalence between risk aversion and second stochastic dominance, may not hold in the more general setting.作者: LARK 時間: 2025-3-28 18:46
Extensionsject of this chapter is to give a brief indication of the ways in which the ideas developed above, and particularly the rank-dependent model, may be extended to a range of contexts beyond the theory of choice under uncertainty with known probabilities.作者: 喃喃訴苦 時間: 2025-3-29 01:51
Efim S. Fradkin,Mark Ya. PalchikThe object of this chapter is to present a brief history of the expected utility model, an informal outline of its basic ideas and a summary of the early debate over the independence axiom.作者: 不要嚴酷 時間: 2025-3-29 05:52 作者: obeisance 時間: 2025-3-29 08:18 作者: Mets552 時間: 2025-3-29 14:57
The Challenge to EU TheoryThere has been a steady increase in the number of ‘a(chǎn)nomalies’ associated with EU theory and particularly with the independence axiom. The auxiliary hypotheses used by followers of the EU approach to explain these problems have become increasingly threadbare. The way is, therefore, open for an alternative approach.作者: 領帶 時間: 2025-3-29 15:35 作者: plasma-cells 時間: 2025-3-29 19:45
https://doi.org/10.1007/978-3-319-99414-7higher values of the functional correspond to increasing preference. With the notation given above, we may present a formal outline of EU theory. For any prospect (.), the . of the prospect is defined by a functional where is a ..作者: 放肆的你 時間: 2025-3-30 01:07
Taking Action in a Hostile Environment,account for empirical behavior inconsistent with the EU model. In the 1980s, this demand was met with a profusion of new models. Fishburn (1988) discusses at least a dozen. There are perhaps twenty more models that either have been produced since Fishburn’s survey or fell outside the scope of his en作者: 能得到 時間: 2025-3-30 06:48
Lloyd J. Dumas,Janine R. Wedel,Greg Callmanretation of increasing risk in terms of stochastic dominance contributed in large measure to the success of EU theory in replacing the mean-variance approach in both theoretical and applied study of problems relating to risk. One requirement for more general theories of choice under risk to be accep作者: follicle 時間: 2025-3-30 09:04 作者: 確定的事 時間: 2025-3-30 15:11 作者: 縮影 時間: 2025-3-30 20:03 作者: 突襲 時間: 2025-3-30 22:02
https://doi.org/10.1057/9781137276186with the EU model. The most notable examples include the Allais problem, the common ratio effect, the coincidence of gambling and insurance, the Ellsberg problem and the phenomenon of preference reversal. It is therefore of interest to consider how well the RDEU model explains these various observat作者: BRAND 時間: 2025-3-31 02:40
https://doi.org/10.1007/978-94-015-7729-8t, with the split between normative and descriptive approaches to the theory of choice under uncertainty. At one extreme are those for whom the ideal approach is to write down an appealing set of axioms, then derive the functional form implied by those axioms. A large part of the research agenda the
