social behaviour. The expected utility hypothesis states an agent chooses between risky prospects by comparing expected utility values (i.e., the weighted...

that the expected utility hypothesis does not characterize rationality must reject one of the VNM axioms. A variety of generalized expected utility theories...

up expected in Wiktionary, the free dictionary. Expected may refer to: Expectation (epistemic) Expected value Expected shortfall Expected utility hypothesis...

In expected utility theory, a lottery is a discrete distribution of probability on a set of states of nature. The elements of a lottery correspond to the...

indifference curve analysis of Slutsky, Hicks, and Allen. The expected utility hypothesis of Bernoulli and others was revived by various 20th century thinkers...

explicit introduction of a utility function, an expected utility hypothesis, and the presumption of diminishing marginal utility of money. According to Daniel...

hypothesised that individuals seek to maximise their expected utility rather than the expected monetary value of assets. In defining expected utility...

Game Theory: John von Neumann and Oskar Morgenstern introduced expected utility hypothesis in their 1944 work Theory of Games and Economic Behavior. Portfolio...

utility gained by the act of gambling), and measuring deviations from the initial level of utility at the "normal" level of income. Expected utility hypothesis...

theory known as rational choice theory, particularly in expected utility hypothesis. Expected utility theory relies on a property known as cancellation, which...

behavioral violations of the expected utility hypothesis, or they may explicitly give a functional form for time-inconsistent utility functions (e.g. Laibson's...

Concurrently, the Expected utility hypothesis and discounted utility models began to gain acceptance. In challenging the accuracy of generic utility, these concepts...

indifference curve analysis of Slutsky, Hicks, and Allen. The expected utility hypothesis of Bernoulli et alii was revived by various 20th century thinkers...

then be defined as the maximization of expected utility. More formally, the resulting expected utility hypothesis states that, if certain axioms are satisfied...

aversion Risk neutral Risk-loving Minimum acceptable rate of return Expected utility hypothesis LIBOR–OIS spread Risk premia parity Kelly criterion Gagliardini...

Behavioral economics Consumer capitalism Distribution of wealth Expected utility hypothesis Intrinsic theory of value Labour theory of value Marginalism...

case the utility function above is replaced by the expected value of a von Neumann-Morgenstern utility function (See expected utility hypothesis). The standard...

markets Utility Risk aversion Expected utility hypothesis Utility maximization problem Marginal utility Quasilinear utility Generalized expected utility Economic...

Exogenous and endogenous variables – Exogenous growth model – Expected utility hypothesis – The Experience Economy – Experimental economics – Externality...

The efficient-market hypothesis (EMH) is a hypothesis in financial economics that states that asset prices reflect all available information. A direct...

for his development of an expected utility model (EUM), an operationalized application of the expected utility hypothesis from mathematical economics...

within Frank Ramsey's body of work. Biography portal Clique game Expected utility hypothesis Money pump Ramsey cardinal Structural Ramsey theory Quantum Bayesianism...

expected causal effects. In a 1981 article, Allan Gibbard and William Harper explained causal decision theory as maximization of the expected utility...

Harper distinguished between two kinds of expected utility maximization. EDT proposes to maximize the expected utility of actions computed using conditional...

In physics and thermodynamics, the ergodic hypothesis says that, over long periods of time, the time spent by a system in some region of the phase space...

259) Kahneman and Tversky published a paper in 1979 criticising expected utility hypothesis and the very idea of the rational economic agent. The main point...

The permanent income hypothesis (PIH) is a model in the field of economics to explain the formation of consumption patterns. It suggests consumption patterns...

paradox in which people's decisions are inconsistent with subjective expected utility theory. John Maynard Keynes published a version of the paradox in 1921...

statistical hypothesis test is a method of statistical inference used to decide whether the data provide sufficient evidence to reject a particular hypothesis. A...

The Red Queen's hypothesis is a hypothesis in evolutionary biology proposed in 1973, that species must constantly adapt, evolve, and proliferate in order...