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L’importance de la procédure dans les choix de loteries

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  • Alarie, Yves

    (Centre de recherche sur les transports, Université de Montréal)

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    Abstract

    Using a literature review we explain the motivations for the elaboration of expected utility theory. We show that the transformation of the role of this theory from being a normative tool to become a fundamental research problem is due to the numerous tests not yet explained. Then we discuss on the relevance of considering the procedure used by the decision maker to be the basic concept. À l’aide d’une revue de littérature, nous expliquons les motivations qui ont entraîné la création de la théorie de l’espérance d’utilité. Nous montrons que le passage de cette théorie du rôle d’outil normatif à celui de problème de recherche fondamentale est la conséquence de l’arrivée de nombreux tests encore non expliqués. Par la suite nous discutons de la pertinence de considérer la procédure employée par le décideur comme étant le point important à la base des modèles.

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    Bibliographic Info

    Article provided by Société Canadienne de Science Economique in its journal L'Actualité économique.

    Volume (Year): 76 (2000)
    Issue (Month): 3 (septembre)
    Pages: 321-340

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    Handle: RePEc:ris:actuec:v:76:y:2000:i:3:p:321-340

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    1. Jullien Bruno & Green Jerry G, 1988. "Ordinal independence in non-linear utility theory," CEPREMAP Working Papers (Couverture Orange) 8818, CEPREMAP.
    2. Mark J Machina, 1982. ""Expected Utility" Analysis without the Independence Axiom," Levine's Working Paper Archive 7650, David K. Levine.
    3. Yaari, Menahem E, 1987. "The Dual Theory of Choice under Risk," Econometrica, Econometric Society, vol. 55(1), pages 95-115, January.
    4. Loomes, Graham & Sugden, Robert, 1987. "Some implications of a more general form of regret theory," Journal of Economic Theory, Elsevier, vol. 41(2), pages 270-287, April.
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    8. Mellers, Barbara & Weiss, Robin & Birnbaum, Michael, 1992. " Violations of Dominance in Pricing Judgments," Journal of Risk and Uncertainty, Springer, vol. 5(1), pages 73-90, February.
    9. John Leland, 2010. "Generalized Similarity Judgments: An Alternative Explanation for Choice Anomalies," Levine's Working Paper Archive 7644, David K. Levine.
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    12. Tversky, Amos & Kahneman, Daniel, 1992. " Advances in Prospect Theory: Cumulative Representation of Uncertainty," Journal of Risk and Uncertainty, Springer, vol. 5(4), pages 297-323, October.
    13. Earl, P.E., 1990. "Economics And Psychology: A Survey," Papers 1990-04, Tasmania - Department of Economics.
    14. Wakker, Peter P & Thaler, Richard H & Tversky, Amos, 1997. "Probabilistic Insurance," Journal of Risk and Uncertainty, Springer, vol. 15(1), pages 7-28, October.
    15. Starmer, Chris & Sugden, Robert, 1993. " Testing for Juxtaposition and Event-Splitting Effects," Journal of Risk and Uncertainty, Springer, vol. 6(3), pages 235-54, June.
    16. Quiggin, John, 1982. "A theory of anticipated utility," Journal of Economic Behavior & Organization, Elsevier, vol. 3(4), pages 323-343, December.
    17. Alarie, Y. & Dionne, G., 1998. "Some Remarks About the Probability Weighting Function," Ecole des Hautes Etudes Commerciales de Montreal- 98-17, Ecole des Hautes Etudes Commerciales de Montreal-Chaire de gestion des risques..
    18. Uzi Segal, 1984. "Nonlinear Decision Weights with the Independence Axiom," UCLA Economics Working Papers 353, UCLA Department of Economics.
    19. Loomes, Graham & Sugden, Robert, 1982. "Regret Theory: An Alternative Theory of Rational Choice under Uncertainty," Economic Journal, Royal Economic Society, vol. 92(368), pages 805-24, December.
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