Issues in utility modeling and rational decision making

Marc Maes; Michael Havbro Faber Nielsen

Issues in utility modeling and rational decision making

Publikation: Bidrag til bog/antologi/rapport/konference proceeding › Konferenceartikel i proceeding › Forskning

Abstract

The present paper investigates several aspects of utility modeling. It considers welldocumented patterns of behavior in the face of uncertainty by individuals, groups, organizations and society. Risk preferences and risk attitudes such as aversion are reviewed. Problems with specific attitudes are identified. The modeling of utility as a preference ranking tool within the decision theoretic framework is considered and generalized.

Originalsprog	Engelsk
Titel	Proceedings of 11th IFIP WG
Publikationsdato	2004
Sider	95-104
Status	Udgivet - 2004
Udgivet eksternt	Ja

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Citationsformater

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title = "Issues in utility modeling and rational decision making",

abstract = "The present paper investigates several aspects of utility modeling. It considers welldocumented patterns of behavior in the face of uncertainty by individuals, groups, organizations and society. Risk preferences and risk attitudes such as aversion are reviewed. Problems with specific attitudes are identified. The modeling of utility as a preference ranking tool within the decision theoretic framework is considered and generalized.",

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AB - The present paper investigates several aspects of utility modeling. It considers welldocumented patterns of behavior in the face of uncertainty by individuals, groups, organizations and society. Risk preferences and risk attitudes such as aversion are reviewed. Problems with specific attitudes are identified. The modeling of utility as a preference ranking tool within the decision theoretic framework is considered and generalized.

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EP - 104

BT - Proceedings of 11th IFIP WG

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