1994-12-01, English, Article, Journal or magazine article edition: Testing Choquet expected utility. Mangelsdorff, Lukas; Weber, Martin

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Physical Description
  • table
  • Magazine/​Journal article
Published
  • Elsevier B.V., 1994 Dec
Language
  • English

Edition details

Title
  • Testing Choquet expected utility.
Appears In
  • Journal of Economic Behavior &​ Organization, v25, no.n3, 1994 Dec, p437(21) (ISSN: 0167-2681)
Author
  • Mangelsdorff, Lukas
  • Weber, Martin
Published
  • Elsevier B.V., 1994 Dec
Physical Description
  • table
  • Magazine/​Journal article
Subjects
Target Audience
  • Academic
Summary
  • The Choquet expected utility (CEU) is an approach to predict decision making in situations of high ambiguity through the use of nonadditive probabilities. The efficacy of using CEU was testing using the Ellsberg three-color lottery problem and a problem which requires subjects to bet on the share price of an unknown company. Results showed that CEU was as effective in predicting subject behavior as the expected utility based on probabilities according to the principle of insufficient reason.
Notes
  • table
Language
  • English
Database
  • Gale Academic OneFile
  • Gale General OneFile
  • Gale Expanded Academic
Identifier
  • 16567351

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University of New England. Dixson Library. Open to the public 1140-75060; <1140-75060>; Vol. 2 (1981)-vol. 28 (1995) Periodical; Journal, magazine, other English
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