1,831,619 research outputs found
Simon Grant, Monti, Martin Osherson, Daniel
The classical theory of preference among monetary bets represents people as expected utility maximizers with nondecreasing concave utility functions. Critics of this account often rely on assumptions about preferences over wide ranges of total wealth. We derive a prediction of the theory that bears on bets at any fixed level of wealth, and test the prediction behaviorally. Our results are discrepant with the classical account. Competing theories are also examined in light of our data.
2018-2019 Annual Report
https://digitalcommons.memphis.edu/govpubs-tn-miscellaneous-departmental-publications-public-utility-commission/1003/thumbnail.jp
2013-2014 Annual Report
https://digitalcommons.memphis.edu/govpubs-tn-miscellaneous-departmental-publications-public-utility-commission/1008/thumbnail.jp
2012-2013 Annual Report
https://digitalcommons.memphis.edu/govpubs-tn-miscellaneous-departmental-publications-public-utility-commission/1009/thumbnail.jp
2015-2016 Annual Report
https://digitalcommons.memphis.edu/govpubs-tn-miscellaneous-departmental-publications-public-utility-commission/1006/thumbnail.jp
2016-2017 Annual Report
https://digitalcommons.memphis.edu/govpubs-tn-miscellaneous-departmental-publications-public-utility-commission/1005/thumbnail.jp
2014-2015 Annual Report
https://digitalcommons.memphis.edu/govpubs-tn-miscellaneous-departmental-publications-public-utility-commission/1007/thumbnail.jp
2017-2018 Annual Report
https://digitalcommons.memphis.edu/govpubs-tn-miscellaneous-departmental-publications-public-utility-commission/1004/thumbnail.jp
2021-2022 Annual Report
https://digitalcommons.memphis.edu/govpubs-tn-miscellaneous-departmental-publications-public-utility-commission/1000/thumbnail.jp
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