Risk, Uncertainty and Discrete Choice Models

This paper examines the cross-fertilizations of random utility models with the study of decision making under risk and uncertainty. We start with a description of the Expected Utility (EU) theory and then consider deviations from the standard EU frameworks, involving the Allais paradox and the Ellsb...

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Bibliographic details
Main Author: Walker, Joan
Picard, Nathalie
Brownstone, David
Moffatt, Peter Grant
Ben-Akiva, Moshe
Magnac, Thierry
Train, Kenneth
de Palma, André
McFadden, Daniel L
Holt, Charles A
Wakker, Peter P
Format: Paper
Language: English
Place of publication: 2008
Related: THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise
Data of publication: 2008
Series: THEMA Working Papers
Online Access: available in Bonn?
Database: RePEc IDEAS
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