Ausi Expected Utility
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Ausi Expected Utility
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Author : Simon Grant
language : en
Publisher:
Release Date : 1994
Ausi Expected Utility written by Simon Grant and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Decision-making categories.
Expected Utility Theory
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Author : G. L. Hertzler
language : en
Publisher:
Release Date : 1995
Expected Utility Theory written by G. L. Hertzler and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Choice (Psychology) categories.
Non Expected Utility And Risk Management
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Author : Christian Gollier
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-03-14
Non Expected Utility And Risk Management written by Christian Gollier and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-03-14 with Business & Economics categories.
Expected utility provides simple, testable properties of the optimum behavior that should be displayed by risk-averse individuals in risky decisions. Simultaneously, given the existence of paradoxes under the expected utility paradigm, expected utility can only be regarded as an approximation of actual behavior. A more realistic model is needed. This is particularly true when treating attitudes toward small probability events: the standard situation for insurable risks. Non-Expected Utility and Risk Management examines whether the existing results in insurance economics are robust to more general models of behavior under risk.
Psychological Expected Utility Theory And Anticipatory Feelings
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Author : Andrew Caplin
language : en
Publisher:
Release Date : 1997
Psychological Expected Utility Theory And Anticipatory Feelings written by Andrew Caplin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Decision making categories.
Generalized Expected Utility Theory
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Author : John Quiggin
language : en
Publisher: Springer Science & Business Media
Release Date : 1993
Generalized Expected Utility Theory written by John Quiggin and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Business & Economics categories.
Economic analysis of choice under uncertainty has been dominated by the expected utility (EU) model, yet the EU model has never been without critics. Psychologists accumulated evidence that individual choices under uncertainty were inconsistent with the predictions of the EU model. Applied work in areas such as finance was dominated by the simpler mean-variance analysis. In the 1980s this skepticism was dispelled as a number of generalizations of EU were proposed, most of which were capable of explaining evidence inconsistent with EU, while preserving transitivity and dominance. Generalized expected utility is now a flourishing subfield of economics, with dozens of competing models and considerable literature exploring their theoretical properties and comparing their empirical performance. But the EU model remains the principal tool for the analysis of choice under uncertainty. There is a view that generalized models are too difficult to handle or incapable of generating sharp results. This creates a need to show that the new models can be used in the kinds of economic analysis for which EU has been used, and that they can yield new and interesting results. This book meets this need by describing one of the most popular generalized models -- the rank-dependent expected utility model (RDEU), also known as anticipated utility, EU with rank-dependent preferences, the dual theory of choice under uncertainty, and simply as rank-dependent utility. As the many names indicate, the model has been approached in many ways by many scientists and for this reason, consideration of a single model sheds light on many of the concerns that have motivated the development of generalized utility models. The popularity of the RDEU model rests on its simplicity and tractability. The standard tools of analysis developed for EU theory may be applied to the RDEU model, but since RDEU admits behavior inconsistent with EU, the field of potential applications is widened. As such, the RDEU model is not as much a competitor to EU as an extension based on less restrictive assumptions.
Expected Utility And Case Based Reasoning
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Author : Akihiko Matsui
language : en
Publisher:
Release Date : 1994
Expected Utility And Case Based Reasoning written by Akihiko Matsui and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with categories.
Stochastic Models In Engineering Technology And Management Proceedings Of The Australia Japan Workshop
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Author : Shunji Osaki
language : en
Publisher: World Scientific
Release Date : 1993-04-27
Stochastic Models In Engineering Technology And Management Proceedings Of The Australia Japan Workshop written by Shunji Osaki and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993-04-27 with categories.
The proceedings contain a range of papers dealing with different issues relating to the theme of the workshop. The majority of them deal with model formulation and model analysis. A few deal with mathematical techniques that are needed to carry out model analysis. Some of the papers are theoretical whilst others are applied. As a result, the topics covered in these papers highlight the multifaceted nature of stochastic modelling and diversity of the applications of stochastic models.
Utilities Reform In Twenty First Century Australia
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Author : Malcolm Abbott
language : en
Publisher: Oxford University Press
Release Date : 2021
Utilities Reform In Twenty First Century Australia written by Malcolm Abbott and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with Business & Economics categories.
Utilities Reform in 21st Century Australia: Providing the Essentials traces the development and consequences of the economic reform measures undertaken in the utilities sector in Australia (communications, energy, water/wastewater services, and transport) in the last years of the 20th century, and early decades of the 21st century. In doing so, it looks at the process of reform across industries, and across the state and federal jurisdictions, to identify what motivations the various governments had for pursing reform, how change varied across jurisdictions, and what issues arose in the process. Although by the mid-1990s all states and territories and the Australian Government were committed to reforming utilities as part of the National Competition Policy, not all pursued this reform with the same degree of speed and breadth of action. The broad trends of economic reform in Australia, and abroad, are also touched upon, to provide an outline of the wider context in which the reform of the utilities occurred. This book, therefore, explores the relationship between politics and society on the one hand and economic reform on the other; as well on as the efforts of governments in Australia to promote economic growth and the wealth of Australians in an increasingly complex and challenging global economic climate.
Straight Choices
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Author : Ben R. Newell
language : en
Publisher: Psychology Press
Release Date : 2015-06-12
Straight Choices written by Ben R. Newell and has been published by Psychology Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-06-12 with Psychology categories.
Should I have this medical treatment or that one? Is this computer a better buy than that one? Should I invest in shares or keep my money under the bed? We all face a perplexing array of decisions every day. Thoroughly revised and updated throughout, the new edition of Straight Choices provides an integrative account of the psychology of decision-making, and shows how psychological research can help us understand our uncertain world. Straight Choices emphasises the relationship between learning and decision-making, arguing that the best way to understand how and why decisions are made is in the context of the learning and knowledge acquisition which precedes them, and the feedback which follows. The mechanisms of learning and the structure of environments in which decisions are made are carefully examined to explore their impact on our choices. The authors then consider whether we are all constrained to fall prey to cognitive biases, or whether, with sufficient exposure, we can find optimal decision strategies and improve our decision making. Featuring three completely new chapters, this edition also contains student-friendly overviews and recommended readings in each chapter. It will be of interest to students and researchers in cognitive psychology, behavioral economics, and the decision sciences, as well as anyone interested in the nature of decision making.
Risk Assessment And Management Of Genetically Modified Organisms Under Australia S Gene Technology Act
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Author : Nicholas Linacre, Jose Falck-Zepeda, John Komen, and Donald MacLaren
language : en
Publisher: Intl Food Policy Res Inst
Release Date :
Risk Assessment And Management Of Genetically Modified Organisms Under Australia S Gene Technology Act written by Nicholas Linacre, Jose Falck-Zepeda, John Komen, and Donald MacLaren and has been published by Intl Food Policy Res Inst this book supported file pdf, txt, epub, kindle and other format this book has been release on with Social Science categories.