New Tools to Better Model Behavior Under Risk and UNcertainty: An Oevrview
Normative models of behaviour under risk in the framework of expected utility (EU) or under uncertainty in the framework of subjective expected utility (SEU) are very limited. In this survey paper, it is shown that non-expected utility (non-EU) models based on the Choquet integral allow for much more diversified behavior, both under risk and under uncertainty.
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|Date of creation:||1997|
|Date of revision:|
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