Blar i Eksterne publiseringer / International and Nordic Publications på emneord "JEL classification: D81"

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    • Axiomatization of stochastic models for choice under uncertainty 

      Dagsvik, John K. (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 ...

    • Empirical rules of thumb for choice under uncertainty 

      Aaberge, Rolf (Journal article; Peer reviewed, 2011)
      Abstract: A substantial body of empirical evidence shows that individuals overweight extreme events and act in conflict with the expected utility theory. These findings were the primary motivation behind the development ...