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Titlebook: Experiments on Decisions under Risk: The Expected Utility Hypothesis; Paul J. H. Schoemaker Book 1980 Springer Science+Business Media Dord

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发表于 2025-3-21 17:35:24 | 显示全部楼层 |阅读模式
书目名称Experiments on Decisions under Risk: The Expected Utility Hypothesis
编辑Paul J. H. Schoemaker
视频video
图书封面Titlebook: Experiments on Decisions under Risk: The Expected Utility Hypothesis;  Paul J. H. Schoemaker Book 1980 Springer Science+Business Media Dord
描述In this valuable book, Paul Schoemaker summarizes recent experimental and field research that he and others have undertaken regarding the descrip­ tive validity of expected utility theory as a model of choice under uncer­ tainty. His principal message is that this paradigm is too narrow in its con­ ception and misses some of the important elements of a descriptive model of individual choice. In particular, Schoemaker calls attention to the impor­ tance of individual differences, task effects, and context effects as they influence behavior. The expected utility hypothesis has come under scrutiny in recent years from a number of different quarters. This book brings together these many studies and relates them to the large body of literature on individual de­ cision making under risk. Although this paradigm may be appropriate for describing behavior under many conditions of uncertainty, Schoemaker presents convincing evidence that it does not do well with respect to protec­ tion against low-probability events. For example, he shows that the insur­ ance purchase decision is influenced by the way information is presented to the client, as well as by the statistical knowledge of the resp
出版日期Book 1980
关键词European Union (EU); information; insurance; probability; research; utility; utility theory
版次1
doihttps://doi.org/10.1007/978-94-017-5040-0
isbn_softcover978-94-017-5042-4
isbn_ebook978-94-017-5040-0
copyrightSpringer Science+Business Media Dordrecht 1980
The information of publication is updating

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发表于 2025-3-21 23:52:00 | 显示全部楼层
Alternative Descriptive Models,ew of the various classes of models, while the second discusses the so-called holistic judgment models, most of which are modifications of EU theory and fall into the category of “as-if” models. Rather than claiming to offer descriptions of the decision process, these models purport to predict behav
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An Experimental Study of Insurance Decisons,ams, 1966). Unlike speculative risk choices, pure risk alternatives offer no chance of gain. The present study ran parallel to another research effort, also based at the Wharton School of the University of Pennsylvania. This other effort consisted of field studies (Kunreuther et al., 1978) and labor
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Risk Taking and Problem Context in the Domain of Losses,in the loss domain. The second involves the influence that a gamble’s context or presentation exerts on revealed risk-taking attitudes. These questions were examined through an experimental design in which probabilities, probabilistic losses, and premiums were systematically varied (see Table 7.1 an
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scrip­ tive validity of expected utility theory as a model of choice under uncer­ tainty. His principal message is that this paradigm is too narrow in its con­ ception and misses some of the important elements of a descriptive model of individual choice. In particular, Schoemaker calls attention to
发表于 2025-3-23 00:45:34 | 显示全部楼层
Wilhelm Bauer,Stefan Rief,Mitja Jurecic the attribute(s) under consideration. Both of these elements are captured through a utility function so that maximizing expected utility becomes the guide to rational behavior in more complex situations.
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https://doi.org/10.1007/978-3-030-77371-7 were familiar with statistics (particularly such concepts as expected value, random variable, and expected utility theory) were significantly more calculative (i.e., less intuitive) than were those who did not know any of these concepts..
发表于 2025-3-23 08:31:15 | 显示全部楼层
Book 1980e validity of expected utility theory as a model of choice under uncer­ tainty. His principal message is that this paradigm is too narrow in its con­ ception and misses some of the important elements of a descriptive model of individual choice. In particular, Schoemaker calls attention to the impor­
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