Utility of gambling. II: Risk, paradoxes, and data

DOI10.1007/s00199-007-0259-yzbMath1137.91010OpenAlexW2090185959WikidataQ57086471 ScholiaQ57086471MaRDI QIDQ929347

R. Duncan Luce, János Aczél, Che Tat Ng, Anthony A. J. Marley

Publication date: 17 June 2008

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00199-007-0259-y

zbMATH Keywords

EntropyExpected utilityIndependence propertiesFunctional equationsDuplex decompositionLinear weighted utilitySegregationUtility of gamblingUtility paradoxes

Mathematics Subject Classification ID

Utility theory (91B16) Probabilistic games; gambling (91A60) Utility theory for games (91A30)

Related Items

Utility of gambling when events are valued: An application of inset entropy, The normalized expected utility -- entropy and variance model for decisions under risk, Weighted entropies, A decision model based on expected utility, entropy and variance, Half-full or half-empty? A model of decision making under risk, Behavioral assumptions for a class of utility theories: a program of experiments, Utility of gambling. I: Entropy modified linear weighted utility, Purity, resistance, and innocence in utility theory, Adaptive decision making via entropy minimization, An experimental test of reduction invariance, Utility of gambling under p(olynomial)-additive joint receipt and segregation or duplex decomposition

Cites Work

• Unnamed Item
• Unnamed Item
• Unnamed Item
• A Mathematical Theory of Communication
• Independence properties vis-à-vis several utility representations
• Utility of gambling when events are valued: An application of inset entropy
• Utility of gambling. I: Entropy modified linear weighted utility
• Advances in prospect theory: cumulative representation of uncertainty
• On measures of information and their characterizations
• A measure of risk and a decision-making model based on expected utility and entropy
• The utility of gambling reconsidered
• The utility of gambling
• Risk, Ambiguity, and the Savage Axioms
• Local boundedness and the shannon entropy
• Ambiguity Aversion, Robustness, and the Variational Representation of Preferences
• On elements of chance