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Titlebook: Risk, Decision and Rationality; Bertrand R. Munier Book 1988 D. Reidel Publishing Company, Dordrecht, Holland 1988 calculus.decision makin

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The General Theory of Random Choices in Relation to the Invariant Cardinal Utility Function and the on of cardinal utilities, and on the general preference for security in the neighbourhood of certainty when large sums are at stake..The purpose of this paper is to specify and illustrate this theory by admitting a hypothesis, already considered by Allais in 1952, which according to available empiri
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Assessing other People’s Utilitiesenefit, i. e., the largest utility increment, from our help. (Note that many economists would employ the term “social welfare function” to describe what I am calling “social utility” or “social utility function”.)
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Preponderence of the Certainty Effect Over Probability Distortion in Decision Making Under Risk a . model. As a matter of fact, observations of systematic violations of EU in Allais [1], Kahneman and Tversky [7], Mac Crimmon and Larsson [15], Kunreuther [10], Schoemaker [17] and elsewhere have had no apparent effect on its popularity.
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Expected Utility Theory and Ordinalism. A Political Marriagen the preference ordering. You can change the number under the restriction that the ordering does not change (a positive transformation), and will keep the ordering but may change the ratio between two intervals.
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