Keyword

expected utility

Description: A decision-theoretic measure of the value of an uncertain outcome, calculated as the probability-weighted average of its possible utilities.

Primary topic: Decision-Making and Behavioral Economics (39%)

Wikidata ID: wiki/Q2319304

OpenAlex ID: keywords/expected-utility

The Economic Theory of Agency: The Principal's Problem.

1973 · Stephen A. Ross · American Economic Review · 4,296

Regret Theory: An Alternative Theory of Rational Choice Under Uncertainty

1982 · Graham Loomes, Robert Sugden · The Economic Journal · 4,041

Essays in the Theory of Risk-Bearing.

1972 · Nils H. Hakansson, Kenneth J. Arrow · The Journal of Finance · 3,991

The Statistical Theory of Racism and Sexism.

1972 · Edmund S. Phelps · American Economic Review · 3,463

Optimal Statistical Decisions.

1972 · David Siegmund, Morris H. DeGroot · Journal of the American Statistical Association · 3,386

Game theory: analysis of conflict

1992 · Myerson, Roger B. 1951- · Choice Reviews Online · 3,325

Uncertain Lifetime, Life Insurance, and the Theory of the Consumer

1965 · Menahem E. Yaari · The Review of Economic Studies · 3,203

The Utility Analysis of Choices Involving Risk

1948 · Milton Friedman, L. J. Savage · Journal of Political Economy · 3,097

The theory of decision making.

1954 · Ward Edwards · Psychological Bulletin · 2,708

Subjective probability and expected utility without additivity

2004 · DAVID SCHMEIDLER · Routledge eBooks · 2,510

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Subjective Probability and Expected Utility without Additivity

1989 · David Schmeidler · Econometrica · 2,306

Volume, Volatility, Price, and Profit When All Traders Are Above Average

1998 · Terrance Odean · The Journal of Finance · 1,980

Developments in Non-Expected Utility Theory: The Hunt for a Descriptive Theory of Choice under Risk

2000 · Chris Starmer · Journal of Economic Literature · 1,902

Aspects of the Theory of Risk-Bearing.

1966 · S. A. Ozga, Kenneth J. Arrow · Economica · 1,888

Rules for Ordering Uncertain Prospects

1969 · Josef Hadar, William R. Russell · American Economic Review · 1,757

The Psychology of Preferences

1982 · Daniel Kahneman, Amos Tversky · Scientific American · 1,732

"Expected Utility" Analysis without the Independence Axiom

1982 · Mark J. Machina · Econometrica · 1,517

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The Efficiency Analysis of Choices Involving Risk

1969 · G. Hanoch, H. Levy · The Review of Economic Studies · 1,415

Disappointment in Decision Making Under Uncertainty

1985 · David E. Bell · Operations Research · 1,260

Mean-Risk Analysis with Risk Associated with Below-Target Returns

1975 · Peter C. Fishburn · American Economic Review · 1,215

Cardinal Utility in Welfare Economics and in the Theory of Risk-taking

1953 · John C. Harsanyi · Journal of Political Economy · 1,156

On risk, convenience, and Internet shopping behavior

2000 · Amit Bhatnagar, Sanjog Misra, et al. · Communications of the ACM · 1,089

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Why do so Few Hold Stocks?

1995 · Michael Haliassos, Carol C. Bertaut · The Economic Journal · 1,077

Risk and Time Preferences: Linking Experimental and Household Survey Data from Vietnam

2010 · Tomomi Tanaka, Colin F Camerer, et al. · American Economic Review · 1,026

Transcendental Logarithmic Utility Functions

1975 · Dale W. Jorgenson, Laurits R. Christensen, et al. · American Economic Review · 1,004

Works count: 11,350

Citation count: 234,600