| 书目名称 | Generalized Expected Utility Theory | | 副标题 | The Rank-Dependent M | | 编辑 | John Quiggin | | 视频video | | | 图书封面 |  | | 描述 | Economic analysis of choice under uncertainty has beendominated by the expected utility (EU) model, yet the EU model hasnever been without critics. Psychologists accumulated evidence thatindividual choices under uncertainty were inconsistent with thepredictions of the EU model. Applied work in areas such as finance wasdominated by the simpler mean-variance analysis. In the 1980s thisskepticism was dispelled as a number of generalizations of EU wereproposed, most of which were capable of explaining evidenceinconsistent with EU, while preserving transitivity and dominance..Generalized expected utility is now a flourishing subfield ofeconomics, with dozens of competing models and considerable literatureexploring their theoretical properties and comparing their empiricalperformance. But the EU model remains the principal tool for theanalysis of choice under uncertainty. There is a view that generalizedmodels are too difficult to handle or incapable of generating sharpresults. This creates a need to show that the new models can be usedin the kinds of economic analysis for which EU has been used, and thatthey can yield new and interesting results. .This book meets this need by describing | | 出版日期 | Book 1993 | | 关键词 | European Union (EU); Finance; development; economics; performance; rating; utility; utility theory; value-at | | 版次 | 1 | | doi | https://doi.org/10.1007/978-94-011-2182-8 | | isbn_softcover | 978-94-010-4966-5 | | isbn_ebook | 978-94-011-2182-8 | | copyright | Kluwer Academic Publishers 1993 |
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发表于 2025-3-21 16:13:03
