Zobrazeno 1 - 10
of 608
pro vyhledávání: '"Axiom independence"'
Autor:
Yi Li
Publikováno v:
Experimental Economics. 24:1019-1046
When it comes to experiments with multiple-round decisions under risk, the current payoff mechanisms are incentive compatible with either outcome weighting theories or probability weighting theories, but not both. In this paper, I introduce a new pay
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::729a4774c4c0004bfe7ec7ed9b481dc4
https://doi.org/10.1007/s10683-020-09688-2
https://doi.org/10.1007/s10683-020-09688-2
Publikováno v:
Chinese Journal of Mechanical Engineering, Vol 33, Iss 1, Pp 1-10 (2020)
Converting customer needs into specific forms and providing consumers with services are crucial in product design. Currently, conversion is no longer difficult due to the development of modern technology, and various measures can be applied for produ
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::a4d54d3b2521f5c121b44a3358cec178
http://link.springer.com/article/10.1186/s10033-020-00511-w
http://link.springer.com/article/10.1186/s10033-020-00511-w
Autor:
Biung-Ghi Ju, Wonki Jo Cho
Publikováno v:
Games and Economic Behavior. 123:171-181
Consider social decision rules identifying two or more groups by aggregating individual opinions on who belong to which group. We search for rules respecting cross-group independence in the aggregation process. This independence axiom or its variants
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::5577aa96e7ff99712d257e1fa582dfee
https://doi.org/10.1016/j.geb.2020.05.009
https://doi.org/10.1016/j.geb.2020.05.009
Autor:
Matthew Ryan
Publikováno v:
Economic Theory. 72:641-669
We present new axiomatisations for various models of binary stochastic choice that may be characterised as “expected utility maximisation with noise”. These include axiomatisations of simple scalability (Tversky and Russo in J Math Psychol 6:1–
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::83c4e171c263f48169e74700a6da09ae
https://doi.org/10.1007/s00199-020-01307-8
https://doi.org/10.1007/s00199-020-01307-8
Autor:
Johan E. Gustafsson
Publikováno v:
Philosophy and Phenomenological Research. 103:21-39
Independence is the condition that, if X is preferred to Y, then a lottery between X and Z is preferred to a lottery between Y and Z given the same probability of Z. Is it rationality required that one’s preferences conform to Independence? The mai
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::43d5a92c5f54beb538730c1f75de7533
https://doi.org/10.1111/phpr.12669
https://doi.org/10.1111/phpr.12669
Autor:
Jeffrey Sanford Russell
Publikováno v:
Journal of Mathematical Economics. 88:180-186
We prove a representation theorem for preference relations over countably infinite lotteries that satisfy a generalized form of the Independence axiom, without assuming Continuity. The representing space consists of lexicographically ordered transfin
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::d1ef3938c6f57933365515ec415eca81
https://doi.org/10.1016/j.jmateco.2020.03.011
https://doi.org/10.1016/j.jmateco.2020.03.011
Autor:
Gebhard Geiger
Publikováno v:
Annals of Operations Research. 289:431-448
This research note is concerned with static choices between alternative mixtures of lotteries with one common mixture component and identical mixture weights. It is shown that the common component induces a conditional preference relation on the unde
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::ccc45f844e0790a3f8942103bb70fa58
https://doi.org/10.1007/s10479-020-03528-5
https://doi.org/10.1007/s10479-020-03528-5
Autor:
Pavlo R. Blavatskyy
Publikováno v:
The Geneva Risk and Insurance Review. 46:21-34
One of the most well-known theories of decision making under risk is expected utility theory based on the independence axiom. The independence axiom postulates that decision maker’s preferences between two lotteries are not affected by mixing both
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::4d7fadf416a0a2702784efb4565cb6c1
https://doi.org/10.1057/s10713-019-00046-8
https://doi.org/10.1057/s10713-019-00046-8
Expected Utility Theory (EUT) provides axioms for maximizing utility in risky choice. The Independence Axiom (IA) is its most demanding axiom: preferences between two options should not change when altering both options equally by mixing them with a
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::dc3be00ed90ad6c1d8abf8b65efa05df
https://doi.org/10.1101/2021.11.11.468261
https://doi.org/10.1101/2021.11.11.468261
Autor:
Daniel R. Burghart
Publikováno v:
Theory and Decision. 88:567-593
This paper shows that expected utility belongs to the intersection of models satisfying betweenness and a homotheticity condition for risky choice. Betweenness models can accommodate variable risk attitudes, originally highlighted by the Allais parad
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::aa7bb684841b217af218136f72d3bf2b
https://doi.org/10.1007/s11238-019-09735-2
https://doi.org/10.1007/s11238-019-09735-2