Testing expectation theories of decision making without measuring utility or subjective probability

Certain empirical implications of those decision-making theories which involve maximizing an expectation are derived. These implications are all measurement-free, so neither subjective probability nor utility need be measured. Two experiments are reported, the first exploratory and the second intensive and substantial. EV, EU, and SEV theory were inadequate to account for the behavior of 12% or more of the subjects in either experiment. SEU theory was inadequate in 10% or less of the cases in the first experiment and 5% of the cases in the second experiment.Peer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/33365/1/0000763.pd

Generalized Expected Utility Theory : the Rank Dependent Model - John Quiggin

Contains fulltext : 29354___.PDF (publisher's version ) (Open Access

Een experimentele methode om de juistheid van interpersonale perceptie zuiver te bepalen

Contains fulltext : mmubn000001_006524753.pdf (Publisher’s version ) (Open Access)Promotor : F. Rutten165 p

Enumerating oriented triangle graphs

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On Solving Intransitivities in Repeated Pairwise Choices

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Choosing a Committee Under Majority Voting

International audienc

The Budget-Voting Paradox

majority rule, voting paradox, subsets, preference extension rule, D71, D72,