Book(electronic)1983

Foundations of Utility and Risk Theory with Applications

In: Theory and Decision Library, An International Series in the Philosophy and Methodology of the Social and Behavioral Sciences 37

In: Theory and Decision Library 37

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Abstract

Opening Address -- Paradoxes and Their Solutions -- Behavior Under Uncertainty and Its Implications for Policy -- Frequency, Probability and Chance -- Utility Analysis from the Point of View of Model Building -- On Second Order Probabilities and the Notion of Epistemic Risk -- Expected Utility Theory Does Not Apply to All Rational Men -- Sure-Thing Doubts -- The Pre-Outcome Period and the Utility of Gambling -- Empirical Demonst:ation that Expected Utility Decision Analysis is Not Operational -- Risk Attitude Hypotheses of Utility Theory -- Probabilistic Forecasts: Some Results and Speculations -- The Supra-Additivity of Subjective Probability -- A Decision Analysis Model When the Substitution Principle is Not Acceptable -- Generalized Expected Utility Analysis and the Nature of Observed Violations of the Independence Axiom -- Use of Subjective Probabilities in Game Theory -- Bargaining and Rationality: A Discussion of Zeuthen'as Principle and Some Other Decision Rules -- Hotelling Utility Functions -- Cardinal Utility and Decision Making Under Uncertainty -- Decision Making with an Uncertain Utility Function -- Welfare Losses Arising from Increased Public Information, and/or the Opening of New Securities Markets: Examples of the General Theory of the Second Best -- Decision Making in Dynamic Environments -- The Economics of Organizational Design -- Indifference Spanning Analysis -- Evaluation of Oil Spill Combat Plans by Means of Multi-Criteria Decision Analysis -- Name Index.

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