ScholarLens Back to search
2009•Qiye jishu kaifaRequires access

Review of the Non-expected utility theory's development

Min Peng

Open publisher page 0 citations

Abstract

Expected utility theory has always been used in the decision-making study of economics,and it is the base of decision-making theory in the field of modern economics. However,with some phenomenons of which the theory result inconsistent with the actual result are discovered,there has been an increasing number of challenges and criticism to the theory. In this paper,we has done a Review of the Non-expected utility theory's development.

About this research paper

What this paper is about

Expected utility theory has always been used in the decision-making study of economics,and it is the base of decision-making theory in the field of modern economics. However,with some phenomenons of which the theory result inconsistent with the actual result are discovered,there has been an increasing number of challenges and criticism to the theory. In this paper,we has done a Review of the Non-expected utility theory's development.

Why it matters

A significance statement is not available in the OpenAlex record.

Key contribution

A contribution statement is not available in the OpenAlex record.

Method / approach

Method details are not available in the OpenAlex metadata.

Main findings

Findings are not separately available in the OpenAlex metadata.

Limitations

Limitations are not available in the OpenAlex metadata.

Applications

Application details are not available in the OpenAlex metadata.

Available abstract

Expected utility theory has always been used in the decision-making study of economics,and it is the base of decision-making theory in the field of modern economics. However,with some phenomenons of which the theory result inconsistent with the actual result are discovered,there has been an increasing number of challenges and criticism to the theory. In this paper,we has done a Review of the Non-expected utility theory's development.

Key concepts: Expected utility hypothesis, Criticism, Utility theory, Decision theory, Field (mathematics), Development theory, Economics, Management science

Related papers

Related paper 1Related paper 2Related paper 3
Back to paper searchBrowse research topicsOriginal source
Review of the Non-expected utility theory's development — Research Paper | ScholarLens