Multiple Periods Destroy the Axiomatic Base of Expected Utility Theory and its Standard Generalisations
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References listed on IDEAS
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Cited by:
- Pope, Robin & Selten, Reinhard, 2009. "Risk and Expected Utility Theory," Bonn Econ Discussion Papers 5/2009, University of Bonn, Bonn Graduate School of Economics (BGSE).
- Robin Pope, 2015. "Attention deficit hyperactivity disorders, panic attacks, epileptic fits, depressions and dementias from missing out on appropriate fears and hopes," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 14(1), pages 107-127, June.
- Pope, Robin & Selten, Reinhard, 2009. "Risk in a Simple Temporal Framework for Expected Utility Theory and for SKAT, the Stages of Knowledge Ahead Theory," Bonn Econ Discussion Papers 27/2009, University of Bonn, Bonn Graduate School of Economics (BGSE).
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More about this item
Keywords
expected utility theory; rank dependent theories; axioms; single period; multiple period; timing contradictions; degree of knowledge ahead;All these keywords.
JEL classification:
- D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
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