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Expected Utility Theory and Psychology

  • Takemura K
Springer Japan, (2014), 49-61
DOI: 10.1007/978-4-431-54580-4_5
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Abstract

Expected utility theory is a major theory of decision making under risk. Decision making under risk is a type of decision-making in which the probability distribution of the results is known. This expected utility theory is assumed in numerous theories of economics....

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Takemura, K. (2014). Expected Utility Theory and Psychology. In Behavioral Decision Theory (pp. 49–61). Springer Japan. https://doi.org/10.1007/978-4-431-54580-4_5

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