This is a preview. Log in through your library . Abstract The non-expected-utility theories of decision under risk have favored the appearance of new notions of increasing risk like monotone ...

Suppose we know the utility function of a risk averse decision maker who values a risky prospect X at a price C E. Based on this information alone I develop upper bounds for the tails of the ...

Lane, Jacqueline N. "The Subjective Expected Utility Approach and a Framework for Defining Project Risk in Terms of Novelty and Feasibility—A Response to Franzoni and Stephan (2023), ‘Uncertainty and ...

Prospect theory has emerged as a pivotal framework in understanding travel choice behaviour under uncertainty, offering a nuanced perspective that diverges from traditional expected utility theory.

Dr Andrea Meireles Rodrigues is using maths to analyse how investors make decisions, in the hope of optimising portfolios. She spoke to Claire O’Connell. Humans tend not to excel at predicting the ...