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Utility of Gambling when Events are Valued: an Application of Inset Entropy

Author

Listed:
  • C. Ng
  • R. Duncan Luce
  • A. Marley

Abstract

No abstract is available for this item.

Suggested Citation

  • C. Ng & R. Duncan Luce & A. Marley, 2009. "Utility of Gambling when Events are Valued: an Application of Inset Entropy," Theory and Decision, Springer, vol. 67(1), pages 23-63, July.
    • Handle: RePEc:kap:theord:v:67:y:2009:i:1:p:23-63
    DOI: 10.1007/s11238-007-9065-z
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    Citations

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    Cited by:

    1. Brice Corgnet & Roberto Hernán González, 2023. "On The Appeal Of Complexity," Working Papers 2312, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
    2. R. Luce, 2010. "Behavioral assumptions for a class of utility theories: A program of experiments," Journal of Risk and Uncertainty, Springer, vol. 41(1), pages 19-37, August.
    3. Malul, Miki & Rosenboim, Mosi & Shavit, Tal, 2013. "So when are you loss averse? Testing the S-shaped function in pricing and allocation tasks," Journal of Economic Psychology, Elsevier, vol. 39(C), pages 101-112.

    More about this item

    Keywords

    duplex decomposition; functional equation; Shannon entropy; gamble decomposition; inset entropy; segregation; utility of gambling; valued events; C91; D46; D81;
    All these keywords.

    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D46 - Microeconomics - - Market Structure, Pricing, and Design - - - Value Theory
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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