TESTING CHOQUET EXPECTED UTILITY

被引：23

作者：

MANGELSDORFF, L

WEBER, M

机构：

[1] UNIV MANNHEIM,FAK BETRIEBSWIRTSCHAFTSLEHRE,L 52,D-68131 MANNHEIM,GERMANY

[2] CHRISTIAN ALBRECHTS UNIV KIEL,FAK WIRTSCHAFTS & SOZIALWISSENSCH,D-24098 KIEL,GERMANY

来源：

JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION | 1994年 / 25卷 / 03期

关键词：

ELLSBERG PARADOX; AMBIGUITY; CHOQUET EXPECTED UTILITY; NONADDITIVE PROBABILITIES; EXPERIMENTAL ECONOMICS;

D O I：

10.1016/0167-2681(94)90109-0

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Many theories have been developed to model decision behavior under ambiguity. In this paper we empirically investigate Choquet expected utility, which is based on nonadditive probabilities. We first replicate Ellsberg paradox behavior. Then we elicit nonadditive probabilities (called capacities) for individual decision makers. Those capacities did not have all properties theoretically required by CEU. Finally we found that CEU is not really superior to EU in predicting the participants' decisions.

引用

页码：437 / 457

页数：21

共 50 条

[1] Applications of Choquet expected utility to hypothesis testing with incompleteness
Hiroaki Kaido
Yi Zhang
[J]. The Japanese Economic Review, 2023, 74 : 551 - 572
[2] Applications of Choquet expected utility to hypothesis testing with incompleteness
Kaido, Hiroaki
Zhang, Yi
[J]. JAPANESE ECONOMIC REVIEW, 2023, 74 (04) : 551 - 572
[3] Subjective ambiguity, expected utility and Choquet expected utility
Jiankang Zhang
[J]. Economic Theory, 2002, 20 : 159 - 181
[4] Subjective ambiguity, expected utility and Choquet expected utility
Zhang, JK
[J]. ECONOMIC THEORY, 2002, 20 (01) : 159 - 181
[5] Choquet expected discounted utility
Bastianello, Lorenzo
Faro, Jose Heleno
[J]. ECONOMIC THEORY, 2023, 75 (04) : 1071 - 1098
[6] Choquet expected discounted utility
Lorenzo Bastianello
José Heleno Faro
[J]. Economic Theory, 2023, 75 : 1071 - 1098
[7] Choquet expected utility with affine capacities
Pascal Toquebeuf
[J]. Theory and Decision, 2016, 81 : 177 - 187
[8] Choquet expected utility with affine capacities
Toquebeuf, Pascal
[J]. THEORY AND DECISION, 2016, 81 (02) : 177 - 187
[9] An axiomatization of Choquet expected utility with cominimum independence
Asano, Takao
Kojima, Hiroyuki
[J]. THEORY AND DECISION, 2015, 78 (01) : 117 - 139
[10] An axiomatization of Choquet expected utility with cominimum independence
Takao Asano
Hiroyuki Kojima
[J]. Theory and Decision, 2015, 78 : 117 - 139

← 1 2 3 4 5 →