Non-expected utility theory

Mark J. Machina, Jozef L. Teugels and Bjørn Sundt

Chapter 14 in Handbook of the Fundamentals of Financial Decision Making:In 2 Parts, 2013, pp 253-259 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The following sections are included:IntroductionThe Expected Utility ModelSystematic Violations of the Expected Utility HypothesisNonexpected Utility Functional FormsGeneralized Expected Utility AnalysisApplications to InsuranceReferences

Keywords: Financial Decision Making; Asset Pricing; Prospect Theory; Utility Theory; Risk Aversion; Static Portfolio Theory; Stochastic Dominance; Dynamic Modeling; Dynamic Portfolio Theory; Tactical Asset Allocation; Kelly Strategy; Capital Growth (search for similar items in EconPapers)
Date: 2013
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