Expected Utility Hypotheses and the Allais Paradox Contemporary Discussions of the Decisions Under Uncertainty with Allais' Rejoinder
Utility theory or, value theory in general, is certainly the cornerstone of decision theory, game theory, microecon~mics, and all social and political theories which deal with public decisions. Recently the American School of utility, founded by von N eumann Morgenstern, encountered a far-going cri...
| Other Authors: | , |
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| Format: | eBook |
| Language: | English |
| Published: |
Dordrecht
Springer Netherlands
1979, 1979
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| Edition: | 1st ed. 1979 |
| Series: | Theory and Decision Library
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| Subjects: | |
| Online Access: | |
| Collection: | Springer Book Archives -2004 - Collection details see MPG.ReNa |
Table of Contents:
- Introductory Survey
- The Foundations of a Positive Theory of Choice involving Risk and a Criticism of the Postulates and Axioms of the American School
- CriticaI Examination of the New Foundation of Utility
- A Short Confirmation of My Standpoint
- Utilities, Psychological Values, and Decision Makers
- Some Reflections on Utility
- A Reply to Allais
- Utility and Stochastic Dominance
- Maximizing Expected Utility and the Rule of Long Run Success
- Adaptive Utility
- On the Nature of Expected Utility
- The St. Petersburg Puzzle
- Towards a Positive Theory of Preferences Under Risk
- The Naturalistic Versus the Intuitionistic School of Values
- Utility Theory: Axioms versus ‘Paradoxes’
- Comparison of Decision Models and some Suggestions
- The So-called Allais Paradox and Rational Decisions Under Uncertainty
- Subject Indexes
- - Parts I (Foreword), II and V
- - Allais’ notation
- - Parts I (Introductory Survey), III and IV
- Name Index