social behaviour. The expected utility hypothesis states an agent chooses between risky prospects by comparing expected utility values (i.e. the weighted...

up expected in Wiktionary, the free dictionary. Expected may refer to: Expectation (epistemic) Expected value Expected shortfall Expected utility hypothesis...

that the expected utility hypothesis does not characterize rationality must reject one of the VNM axioms. A variety of generalized expected utility theories...

hypothesised that individuals seek to maximise their expected utility rather than the expected monetary value of assets. In defining expected utility...

indifference curve analysis of Slutsky, Hicks, and Allen. The expected utility hypothesis of Bernoulli and others was revived by various 20th century thinkers...

explicit introduction of a utility function, an expected utility hypothesis, and the presumption of diminishing marginal utility of money. Daniel Bernoulli;...

utility gained by the act of gambling), and measuring deviations from the initial level of utility at the "normal" level of income. Expected utility hypothesis...

aversion Risk neutral Risk-loving Minimum acceptable rate of return Expected utility hypothesis LIBOR–OIS spread Risk premia parity Kelly criterion Gagliardini...

In expected utility theory, a lottery is a discrete distribution of probability on a set of states of nature. The elements of a lottery correspond to the...

indifference curve analysis of Slutsky, Hicks, and Allen. The expected utility hypothesis of Bernoulli et alii was revived by various 20th century thinkers...

behavioral violations of the expected utility hypothesis, or they may explicitly give a functional form for time-inconsistent utility functions (e.g. Laibson's...

functions common in economics: Expected utility theory Level of measurement Marginal utility Multi-attribute utility Utility Arrow's impossibility theorem...

Behavioral economics Consumer capitalism Distribution of wealth Expected utility hypothesis Intrinsic theory of value Labour theory of value Marginalism...

theory known as rational choice theory, particularly in expected utility hypothesis. Expected utility theory relies on a property known as cancellation, which...

Exogenous and endogenous variables – Exogenous growth model – Expected utility hypothesis – The Experience Economy – Experimental economics – Externality...

then be defined as the maximization of expected utility. More formally, the resulting expected utility hypothesis states that, if certain axioms are satisfied...

algorithm Expectation propagation Expected mean squares Expected utility hypothesis Expected value Expected value of sample information Experiment...

Concurrently, the Expected utility hypothesis and discounted utility models began to gain acceptance. In challenging the accuracy of generic utility, these concepts...

markets Utility Risk aversion Expected utility hypothesis Utility maximization problem Marginal utility Quasilinear utility Generalized expected utility Economic...

The permanent income hypothesis (PIH) is a model in the field of economics to explain the formation of consumption patterns. It suggests consumption patterns...

The efficient-market hypothesis (EMH) is a hypothesis in financial economics that states that asset prices reflect all available information. A direct...

259) Kahneman and Tversky published a paper in 1979 criticising expected utility hypothesis and the very idea of the rational economic agent. The main point...

case the utility function above is replaced by the expected value of a von Neumann-Morgenstern utility function (See expected utility hypothesis). The standard...

In physics and thermodynamics, the ergodic hypothesis says that, over long periods of time, the time spent by a system in some region of the phase space...

within Frank Ramsey's body of work. Biography portal Clique game Expected utility hypothesis Money pump Ramsey cardinal Structural Ramsey theory Quantum Bayesianism...

Association (May 1952), pp. 612–25 JSTOR "The Expected-Utility Hypothesis and the Measurability of Utility", with Leonard Savage, 1952, Journal of Political...

statistical hypothesis test is a method of statistical inference used to decide whether the data sufficiently supports a particular hypothesis. A statistical...

less utility. The expected utility model states that individuals want to maximize their expected utility, as defined as the weighted sum of utilities across...

paradox in which people's decisions are inconsistent with subjective expected utility theory. John Maynard Keynes published a version of the paradox in 1921...

life-cycle model. See Intertemporal choice § Modigliani's life cycle income hypothesis for details. The life-cycle model of consumption suggests that consumption...