'Expected utility theory' diaporamas de présentation

Economics of Risk and Uncertainty Summer Term 2011 Ulrich Schmidt

Economics of Risk and Uncertainty Summer Term 2011 Ulrich Schmidt. Phone: +49 431 8801400 Email: us@bwl.uni-kiel.de. Outline. Basic Concepts Utility Theory under Risk and Uncertainty Applications of Utility Theory. Basic Literature.

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The Psychology of Judgment and Decision Making

The Psychology of Judgment and Decision Making. Ahmed Abbasi Jessica Bagger Daning Hu Xin Li Jon Marthaler Nicole Forsgren Meek Matthew Pearsall David Shimko Tao Wang Jerod Wilkerson . November, 10 2004. Chapter 1: Selective Perception. Summary.

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How Much Would You (Should You) Pay For A Gamble?

St. Petersburg Paradox You pay a fixed fee to enter the game. Then a fair coin is tossed repeatedly until a tail appears, ending the game. The pot starts at 1 dollar and is doubled every time a head appears. You win whatever is in the pot after the game ends.

843 views • 62 slides

How Much Would You (Should You) Pay For A Gamble?

St. Petersburg Paradox You pay a fixed fee to enter the game. Then a fair coin is tossed repeatedly until a tail appears, ending the game. The pot starts at 1 dollar and is doubled every time a head appears. You win whatever is in the pot after the game ends.

759 views • 62 slides

Cognitive Psychology Winter 2004 -Discussion Section-

?. Cognitive Psychology Winter 2004 -Discussion Section-. Pascal Wallisch University of Chicago. Problem solving Decision making. Categorization. Reasoning. problem-solving. Decision-making. Cognitive functions. Perception. Attention. Emotion Motivation Action. Memory. Imagery.

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Microeconomic Analysis (L1D007)

Microeconomic Analysis (L1D007). School of Economics. Dr. M. Montero. Choice under Risk: Expected Utility Theory. Choice under uncertainty/ risk. So far, the consumer knows the exact consequences of his choices This is rarely the case in practice Examples: Degree/module choice

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Chris Starmer

Chris Starmer. The Behavioural Economics Revolution?. TSU Short course in Experimental and Behavioural Economics, 5-9 November 2012. Overview of Sessions. The Behavioural Revolution in Econ The Experimental Economist Individual Decisions Strategic Decisions 5. Markets.

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Chris Starmer

Chris Starmer. The Behavioural Economics Revolution?. TSU Short course in Experimental and Behavioural Economics, 5-9 November 2012. Overview of Sessions. The Behavioural Revolution in Econ The Experimental Economist Individual Decisions Strategic Decisions 5. Markets.

417 views • 40 slides

Utility Theory and Beyond

Utility Theory and Beyond. Khurshid Ahmad, Chair of Computer Science Trinity College, Dublin, IRELAND 15-17 th November, 2010. Utility Theory and Beyond. Lecture available on www.cs.tcd.ie/Khurshid.Ahmad/Teaching/Behavioural _ Finance/Utility_Theory_Beyond.pdf.

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Behavioral Optimal Insurance : its resolution of a socioeconomic enigma

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????. ? ? ? ?????????? ?????????? ?????????? ?????????????????? Tel: 13007428818 Shen5386@zju.edu.cn. Contents. 1 The Changing Paradigm of Management 2 Decision-Making 3 Organization Structure and Design 4 Communication and Leadership 5 Motivation

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Lecture 7: Behavioral Finance

Lecture 7: Behavioral Finance. The Role of Psychology. Questionnaire, Part I Give 90% Confidence Interval. How much does the Statue of Liberty weigh, in tons? (entire steel-reinforced copper figure) What is the 2000 population of Turkey? How many square miles in Sahara Desert?

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New Approaches to the Economics of Tax Evasion

New Approaches to the Economics of Tax Evasion. Nigar Hashimzade University of Reading Gareth D. Myles University of Exeter and Institute for Fiscal Studies Binh-Tran Nam University of New South Wales. Introduction. The paper considers the analysis of the individual tax compliance decision

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Economic evaluation of health programmes

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A Brief History of Descriptive Theories of Decision Making: Lecture 2: SWU and PT

A Brief History of Descriptive Theories of Decision Making: Lecture 2: SWU and PT. Kiel, June 10, 2005 Michael H. Birnbaum California State University, Fullerton. Overview. Last time, we saw that EV theory and EU theory were not descriptive of risky decision making.

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Kahnemann and Tversky Prospect Theory

Kahnemann and Tversky Prospect Theory. Economics 328 Spring 2005. Basic Definitions.

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Judgment and Decision Making

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Goal Motivation

Goal Motivation. Chapter 11. Reinforcers, Incentives, Goals. Reinforcers Have increased the rate or probability of behavior in the past. Incentives Maintains current behavior. Goals Lager more important than incentives More complex with both positive and negative features.

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ECM C49S Financial Economics

ECM C49S Financial Economics. University of Toronto at Scarborough Travis NG Spring, 2006. Financial Economics. Readings: Assigned in each lecture (Check class website)

283 views • 12 slides