This is a preview. Log in through your library . Abstract This paper provides an extension of Savage's subjective expected utility theory for decisions under uncertainty. It includes in the set of ...

Rabin (2000) proved that a low level of risk aversion with respect to small gambles leads to a high, and absurd, level of risk aversion with respect to large gambles. Rabin's arguments strongly depend ...

NEW YORK, NY / ACCESSWIRE / January 28, 2019 / The customer loyalty program is also called an integration mechanism, which is deeply advanced into all aspects of current consumption. Points do not ...

In economics, the utility function measures the welfare or satisfaction of a consumer as a function of the consumption of real goods, such as food or clothing. Utility function is widely used in ...

Green, Jerry R. "'Making Book Against Oneself,' the Independence Axiom, and Non-Linear Utility Theory." Quarterly Journal of Economics 102, no. 4 (November 1987): 785–796.

BOTH the subject and the method of treatment of the Theory of Water Finding by the Divining Rod, by Mr. B. Tompkins, W.F., are so unlike what are usually met with by those gentlemen whom you, Mr.