Where does subjective expected utility fail descriptively?

DOI10.1007/BF01132728zbMath0775.90104OpenAlexW1989553142MaRDI QIDQ1187963

R. Duncan Luce

Publication date: 3 August 1992

Published in: Journal of Risk and Uncertainty (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/bf01132728

Mathematics Subject Classification ID

Utility theory (91B16)

Related Items (9)

A descriptive multi-attribute utility model for everyday decisions ⋮ Several unresolved conceptual problems of mathematical psychology ⋮ A representation theorem for frequently irrational agents ⋮ Using logarithmic derivative functions for assessing the risky weighting function for binary gambles ⋮ Rank- and sign-dependent linear utility models for binary gambles ⋮ Rank- and sign-dependent linear utility models for finite first-order gambles ⋮ Quality-adjusted life years (QALY) utility models under expected utility and rank dependent utility assumptions ⋮ Knock-out for descriptive utility or experimental-design error? ⋮ A variational model of preference under uncertainty

Cites Work

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• Classification of concatenation measurement structures according to scale type
• Rank- and sign-dependent linear utility models for binary gambles
• Rank- and sign-dependent linear utility models for finite first-order gambles
• Advances in prospect theory: cumulative representation of uncertainty
• Singular points in generalized concatenation structures that otherwise are homogeneous
• An axiomatization of cumulative prospect theory
• Joint receipt and Thaler's hedonic editing rule
• Joint receipt and certainty equivalents of gambles
• Prospect Theory: An Analysis of Decision under Risk

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