Distorted Probabilities and Choice under Risk

Beschreibung

The book develops a new model of individual choice under risk within the general framework of rank-dependent utility theory. The new approach captures simultaneously an optimistic attitude towards gambling and risk averse behavior. The model is then applied to some of the observed behavioral patterns contradicting the expected utility hypothesis.

Autor*in

Clemens Puppe

Themen in »Distorted Probabilities and Choice under Risk«

Non-linear utility Nutzentheorie Spieltheorie Wahrscheinlichkeit distorted probabilities rank-dependent utility theory utility theory

Stimmen zu »Distorted Probabilities and Choice under Risk«

Details

Link teilen