Blar i Artikler / Journal articles på tidsskrift "Mathematical Social Sciences"
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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 ... -
Utility of income as a random function: Behavioral characterization and empirical evidence
(Journal article; Peer reviewed, 2006)The paper proposes a particular approach to model the utility of income. We develop a theoretical framework that restricts the class of admissible functional forms and distributions of the random components of the model. ...