An Empirical Investigation of Some Properties Relevant to Generalized Expected Utility Theory

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Publisher :
ISBN 13 :
Total Pages : 570 pages
Book Rating : 4.:/5 (237 download)

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Book Synopsis An Empirical Investigation of Some Properties Relevant to Generalized Expected Utility Theory by : Alan Jay Brothers

Download or read book An Empirical Investigation of Some Properties Relevant to Generalized Expected Utility Theory written by Alan Jay Brothers and published by . This book was released on 1990 with total page 570 pages. Available in PDF, EPUB and Kindle. Book excerpt:

An Empirical Investigation of the Generalized Logarithmic Utility Model

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Publisher :
ISBN 13 :
Total Pages : 384 pages
Book Rating : 4.:/5 (969 download)

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Book Synopsis An Empirical Investigation of the Generalized Logarithmic Utility Model by : Cynthia Croan Sample

Download or read book An Empirical Investigation of the Generalized Logarithmic Utility Model written by Cynthia Croan Sample and published by . This book was released on 1981 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Utility of Gains and Losses

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Publisher : Psychology Press
ISBN 13 : 1135662711
Total Pages : 344 pages
Book Rating : 4.1/5 (356 download)

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Book Synopsis Utility of Gains and Losses by : R. Duncan Luce

Download or read book Utility of Gains and Losses written by R. Duncan Luce and published by Psychology Press. This book was released on 2014-04-04 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new monograph presents Dr. Luce's current understanding of the behavioral properties people exhibit (or should exhibit) when they make selections among alternatives and how these properties lead to numerical representations of those preferences. It summarizes, and places in historical perspective, the research Dr. Luce has done on utility theory for over 10 years. Included are axiomatic theoretical formulations, experiments designed to test individual assumptions, and analyses of the fit to bodies of data of numerical representations derived from the theory.

The Handbook of Experimental Economics

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Publisher : Princeton University Press
ISBN 13 : 0691213259
Total Pages : 742 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis The Handbook of Experimental Economics by : John H. Kagel

Download or read book The Handbook of Experimental Economics written by John H. Kagel and published by Princeton University Press. This book was released on 2020-05-05 with total page 742 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, which comprises eight chapters, presents a comprehensive critical survey of the results and methods of laboratory experiments in economics. The first chapter provides an introduction to experimental economics as a whole, with the remaining chapters providing surveys by leading practitioners in areas of economics that have seen a concentration of experiments: public goods, coordination problems, bargaining, industrial organization, asset markets, auctions, and individual decision making. The work aims both to help specialists set an agenda for future research and to provide nonspecialists with a critical review of work completed to date. Its focus is on elucidating the role of experimental studies as a progressive research tool so that wherever possible, emphasis is on series of experiments that build on one another. The contributors to the volume--Colin Camerer, Charles A. Holt, John H. Kagel, John O. Ledyard, Jack Ochs, Alvin E. Roth, and Shyam Sunder--adopt a particular methodological point of view: the way to learn how to design and conduct experiments is to consider how good experiments grow organically out of the issues and hypotheses they are designed to investigate.

Choice, Decision, and Measurement

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Publisher : Routledge
ISBN 13 : 1317729412
Total Pages : 489 pages
Book Rating : 4.3/5 (177 download)

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Book Synopsis Choice, Decision, and Measurement by : A.A.J. Marley

Download or read book Choice, Decision, and Measurement written by A.A.J. Marley and published by Routledge. This book was released on 2019-05-23 with total page 489 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is the result of a conference held at the University of California, Irvine, on the topics that provide its title -- choice, decision, and measurement. The conference was planned, and the volume prepared, in honor of Professor R. Duncan Luce on his 70th birthday. Following a short autobiographical statement by Luce, the volume is organized into four topics, to each of which Luce has made significant contributions. The book provides an overview of current issues in each area and presents some of the best recent theoretical and empirical work. Personal reflections on Luce and his work begin each section. These reflections were written by outstanding senior researchers: Peter Fishburn (Preference and Decision Making), Patrick Suppes (Measurement Theory and Axiomatic Systems), William J. McGill (Psychophysics and Reaction Time), and W.K. Estes (Choice, Identification and Categorization). The first section presents recent theoretical and empirical work on descriptive models of decision making, and theoretical results on general probabilistic models of choice and ranking. Luce's recent theoretical and empirical work on rank- and sign-dependent utility theory is important in many of these contributions. The second section presents results from psychophysics, probabilistic measurement, aggregation of expert opinion, and test theory. The third section presents various process oriented models, with supportive data, for tasks such as redundant signal detection, forced choice, and absolute identification. The final section contains theory and data on categorization and attention, and general theoretical results for developing and testing models in these domains.

From Learning Theory to Connectionist Theory

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Publisher : Psychology Press
ISBN 13 : 1134768257
Total Pages : 296 pages
Book Rating : 4.1/5 (347 download)

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Book Synopsis From Learning Theory to Connectionist Theory by : Alice F. Healy

Download or read book From Learning Theory to Connectionist Theory written by Alice F. Healy and published by Psychology Press. This book was released on 2013-04-15 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: These two volumes consist of chapters written by students and colleagues of W.K. Estes. The books' contributors -- themselves eminent figures in the field -- reflect on Estes' sweeping contributions to mathematical as well as cognitive and experimental psychology. As indicated by their titles, Volume I features mathematical and theoretical essays, and Volume II presents cognitive and experimental essays. Both volumes contain insightful literature reviews as well as descriptions of exciting new theoretical and empirical advances. Many of the essays also incorporate personal reminiscences reflecting the authors' fond affection for their illustrious mentor.

Utility Theories: Measurements and Applications

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Publisher : Springer Science & Business Media
ISBN 13 : 9401129525
Total Pages : 304 pages
Book Rating : 4.4/5 (11 download)

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Book Synopsis Utility Theories: Measurements and Applications by : Ward Edwards

Download or read book Utility Theories: Measurements and Applications written by Ward Edwards and published by Springer Science & Business Media. This book was released on 2013-12-01 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Conference on "Utility: Theories, Measurements, and Applications" met at the Inn at Pasatiempo in Santa Cruz, California, from June II to 15, 1989. The all-star cast of attendees are listed as authors in the Table of Contents of this book (see p. V), except for Soo Hong Chew and Amos Tversky. The purpose of the conference, and of National Science Foundation Grant No. SES-8823012 that supported it, was to confront proponents of new generalized theories of utility with leading decision analysts com mitted to the implementation, in practice, of the more traditional theory that these new theories reject. That traditional model is variously iden tified in this book as expected utility or subjectively expected utility maximization (EU or SEU for short) and variously attributed to von Neumann and Morgenstern or Savage. I had feared that the conference might consist of an acrimonious debate between Olympian normative theorists uninterested in what people actually do and behavioral modelers obsessed with the cognitive illusions and uninterested in helping people to make wise decisions. I was entirely wrong. The conferees, in two dramatic straw votes at the open ing session, unanimously endorsed traditional SEU as the appropriate normative model and unanimously agreed that people don't act as that model requires. (These votes had a profound impact on my thinking; detail about them and about that impact is located in Chapter 10.

American Doctoral Dissertations

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ISBN 13 :
Total Pages : 704 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis American Doctoral Dissertations by :

Download or read book American Doctoral Dissertations written by and published by . This book was released on 1993 with total page 704 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Handbook of Experimental Finance

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Publisher : Edward Elgar Publishing
ISBN 13 : 1800372337
Total Pages : 451 pages
Book Rating : 4.8/5 (3 download)

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Book Synopsis Handbook of Experimental Finance by : Füllbrunn, Sascha

Download or read book Handbook of Experimental Finance written by Füllbrunn, Sascha and published by Edward Elgar Publishing. This book was released on 2022-10-13 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: With an in-depth overview of the past, present and future of the field, The Handbook of Experimental Finance provides a comprehensive analysis of the current topics, methodologies, findings, and breakthroughs in research conducted with the help of experimental finance methodology. Leading experts suggest innovative ways of designing, implementing, analyzing, and interpreting finance experiments.

Satisficing and Maximizing

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Publisher : Cambridge University Press
ISBN 13 : 9780521010054
Total Pages : 262 pages
Book Rating : 4.0/5 (1 download)

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Book Synopsis Satisficing and Maximizing by : Michael Byron

Download or read book Satisficing and Maximizing written by Michael Byron and published by Cambridge University Press. This book was released on 2004-07-19 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publisher Description

Dissertation Abstracts International

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ISBN 13 :
Total Pages : 758 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Dissertation Abstracts International by :

Download or read book Dissertation Abstracts International written by and published by . This book was released on 1991 with total page 758 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Social Science Research

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Publisher : CreateSpace
ISBN 13 : 9781475146127
Total Pages : 156 pages
Book Rating : 4.1/5 (461 download)

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Book Synopsis Social Science Research by : Anol Bhattacherjee

Download or read book Social Science Research written by Anol Bhattacherjee and published by CreateSpace. This book was released on 2012-04-01 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is designed to introduce doctoral and graduate students to the process of conducting scientific research in the social sciences, business, education, public health, and related disciplines. It is a one-stop, comprehensive, and compact source for foundational concepts in behavioral research, and can serve as a stand-alone text or as a supplement to research readings in any doctoral seminar or research methods class. This book is currently used as a research text at universities on six continents and will shortly be available in nine different languages.

Cardinalism

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Publisher : Springer Science & Business Media
ISBN 13 : 9401108889
Total Pages : 317 pages
Book Rating : 4.4/5 (11 download)

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Book Synopsis Cardinalism by : M. Allais

Download or read book Cardinalism written by M. Allais and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: THE CONCEPTION OF THIS VOLUME This volume, Cardinalism, has been initiated by Ole Hagen, and is now published due to his perseverance and to Kluwer Academic Publishers. Because of various activities and duties, my contribution to the general conception of this volume has only been formal, and all the credit for it is due to Ole Hagen. I should also emphasize that the responsibility for the year's delay in the publishing of this volume is entirely mine, for two reasons. First of all, I have been involved in many works in very different fields. Second, the English translation of my 1943 contribution to the concept of cardinal utility took some time. The points of view the reader will find in this volume are often different and sometimes contradictory, but this can only increase the interest of its reading. In any case, this is not the editors' part to side with or against. Thus contributions to this volume are presented as they have been submit ted to the editors. Of course, this does not mean that they entirely agree with the analyses presented. MAURICE ALLAIS M. Allais and O. Hagen (eds.), Cardinalism, vii INTRODUCTION Everyone's conscious choices are assumed to reflect their preferences in different situations. For some purposes it serves the theorist's preference for simplicity to assume that a person's life style can be described by the values of some concrete variables, such as quantities of goods available.

The Mathematics of Preference, Choice and Order

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Publisher : Springer Science & Business Media
ISBN 13 : 3540791280
Total Pages : 412 pages
Book Rating : 4.5/5 (47 download)

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Book Synopsis The Mathematics of Preference, Choice and Order by : Steven Brams

Download or read book The Mathematics of Preference, Choice and Order written by Steven Brams and published by Springer Science & Business Media. This book was released on 2009-02-11 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: Peter Fishburn has had a splendidly productive career that led to path-breaking c- tributions in a remarkable variety of areas of research. His contributions have been published in a vast literature, ranging through journals of social choice and welfare, decision theory, operations research, economic theory, political science, mathema- cal psychology, and discrete mathematics. This work was done both on an individual basis and with a very long list of coauthors. The contributions that Fishburn made can roughly be divided into three major topical areas, and contributions to each of these areas are identi?ed by sections of this monograph. Section 1 deals with topics that are included in the general areas of utility, preference, individual choice, subjective probability, and measurement t- ory. Section 2 covers social choice theory, voting models, and social welfare. S- tion 3 deals with more purely mathematical topics that are related to combinatorics, graph theory, and ordered sets. The common theme of Fishburn’s contributions to all of these areas is his ability to bring rigorous mathematical analysis to bear on a wide range of dif?cult problems.

Expected Utility Hypotheses and the Allais Paradox

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Publisher : Springer Science & Business Media
ISBN 13 : 9401576297
Total Pages : 706 pages
Book Rating : 4.4/5 (15 download)

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Book Synopsis Expected Utility Hypotheses and the Allais Paradox by : M. Allais

Download or read book Expected Utility Hypotheses and the Allais Paradox written by M. Allais and published by Springer Science & Business Media. This book was released on 2013-03-14 with total page 706 pages. Available in PDF, EPUB and Kindle. Book excerpt: Utility theory or, value theory in general, is certainly the cornerstone of decision theory, game theory, microecon~mics, and all social and political theories which deal with public decisions. Recently the American School of utility, founded by von N eumann Morgenstern, encountered a far-going criticism by the French School of utility represented by its founder Allais. The whole basis of the theory of decisions involving risk has been shaken and put into question. Consequently, basic research in the fundamentals of utility and value theory evolved into a crisis. Like any crisis in basic research, and this one was not an exception, it was very fruitful. One may simply say: Allais versus von Neumann-Morgenstern, or the French School of utility versus the American School, became one of the battlefields of scientific development which proved to be a most creative source of new advances and new developments in all those sciences which are based on evaluation of utilities.

The Demand for Health

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Publisher : Columbia University Press
ISBN 13 : 0231544529
Total Pages : 153 pages
Book Rating : 4.2/5 (315 download)

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Book Synopsis The Demand for Health by : Michael Grossman

Download or read book The Demand for Health written by Michael Grossman and published by Columbia University Press. This book was released on 2017-08-08 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: A seminal work in health economics first published in 1972, Michael Grossman's The Demand for Health introduced a new theoretical model for determining the health status of the population. His work uniquely synthesized economic and public health knowledge and has catalyzed a vastly influential body of health economics literature. It is well past time to bring this important work back into print. Grossman bases his approach on Gary S. Becker's household production function model and his theory of investment in human capital. Consumers demand health, which can include illness-free days in a given year or life expectancy, and then produce it through the input of medical care services, diet, other market goods and services, and time. Grossman also treats health and knowledge as equal parts of the durable stock of human capital. Consumers therefore have an incentive to invest in health to increase their earnings in the future. From here, Grossman examines complementarities between health capital and other forms of human capital, the most important of which is knowledge capital earned through schooling and its effect on the efficiency of production. He concludes that the rate of return on investing in health by increasing education may exceed the rate of return on investing in health through greater medical care. Higher income may not lead to better health outcomes, as wealth enables the consumption of goods and services with adverse health effects. These are some of the major revelations of Grossman's model, findings that have great relevance as we struggle to understand the links between poverty, education, structural disadvantages, and health.

Game Theory, Experience, Rationality

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Publisher : Springer Science & Business Media
ISBN 13 : 9401716544
Total Pages : 476 pages
Book Rating : 4.4/5 (17 download)

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Book Synopsis Game Theory, Experience, Rationality by : W. Leinfellner

Download or read book Game Theory, Experience, Rationality written by W. Leinfellner and published by Springer Science & Business Media. This book was released on 2013-06-29 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt: When von Neumann's and Morgenstern's Theory of Games and Economic Behavior appeared in 1944, one thought that a complete theory of strategic social behavior had appeared out of nowhere. However, game theory has, to this very day, remained a fast-growing assemblage of models which have gradually been united in a new social theory - a theory that is far from being completed even after recent advances in game theory, as evidenced by the work of the three Nobel Prize winners, John F. Nash, John C. Harsanyi, and Reinhard Selten. Two of them, Harsanyi and Selten, have contributed important articles to the present volume. This book leaves no doubt that the game-theoretical models are on the right track to becoming a respectable new theory, just like the great theories of the twentieth century originated from formerly separate models which merged in the course of decades. For social scientists, the age of great discover ies is not over. The recent advances of today's game theory surpass by far the results of traditional game theory. For example, modem game theory has a new empirical and social foundation, namely, societal experiences; this has changed its methods, its "rationality. " Morgenstern (I worked together with him for four years) dreamed of an encompassing theory of social behavior. With the inclusion of the concept of evolution in mathematical form, this dream will become true. Perhaps the new foundation will even lead to a new name, "conflict theory" instead of "game theory.