Blar i Eksterne publiseringer / International and Nordic Publications på emneord "JEL classification: D11"
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Axiomatization of stochastic models for choice under uncertainty
(Journal article; Peer reviewed, 2008)This paper develops a theory of probabilistic models for risky choices. This theory can be viewed as an extension of the expected utility theory. One probabilistic version of the Archimedean Axiom and two versions of the ...