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Start Over Descriptor "*EXPECTED utility" Topic uncertainty Journal anadolu university journal of social sciences / anadolu universitesi sosyal bilimler dergisi

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1 results on '"*EXPECTED utility"'

1. Belirsizlik Altında Tercihler ve Beklenen Fayda Modelinin Yetersizlikleri.

Author

Taşdemır, Murat

Subjects
*EXPECTED utility, *UTILITY theory, *EXPECTED returns, *ECONOMICS, *ECONOMIC demand, *MATHEMATICAL models of consumption
Abstract

In economics, the prevailing framework to explain preferences under uncertainty is the Expected Utility theory. Despite its widespread use, the Expected Utility theory is not free from problems. Experimental and empirical works shows that, in real life, the choices of individuals among risky alternatives conflict with the axioms of the Expected Utility theory. Preferences Under Uncertainty and the Deficiencies of the Expected Utility Model. [ABSTRACT FROM AUTHOR]

Published
2007

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