Recent developments in modelling preferences under risk
type: Item
instance of: scholarly article
title: Recent developments in modelling preferences under risk
zbMATH Open document ID: 0623.90005
DOI: 10.1007/BF01721094
author: Martin Weber
author: Colin Camerer
published in: OR Spektrum
publication date: 1987-01-01T00:00:00Z
review text: Ever since von Neumann and Morgenstern presented their expected utility theory, the axioms (assumptions) underlying their theory have been intensely debated and tested. Recently, a variety of theories have been presented which model preferences by weakening some of the assumptions of expected utility theory. We describe some of these theories, examine their properties, and provide insights into how they work. Implications for different areas of business research are discussed.
Mathematics Subject Classification ID: 91B16
Mathematics Subject Classification ID: 91B08
zbMATH DE Number: 4012266
zbMATH Keywords: expected utility theory
MaRDI profile type: Publication
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full work available at URL: https://doi.org/10.1007/bf01721094
OpenAlex ID: W2094226015
description: scientific article; zbMATH DE number 4012266