haku: @indexterm UTILITY THEORY / yhteensä: 246
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| Tekijä: | Meyer, J. |
| Otsikko: | Two-moment decision models and expected utility maximization |
| Lehti: | American Economic Review
1987 : JUN, VOL. 77:3, p.421-430 |
| Asiasana: | DECISION MODELS UTILITY THEORY |
| Kieli: | eng |
| Tiivistelmä: | Two-moment decision models are consistent with expected utility maximization only if the choice set or the agent's preferences are restricted. The location and scale parameter condition has been reidentified and emphasized as one which is sufficient to ensure consistency between expected utility and moment-based rankings of random variables. Moreover, this condition is shown to be one which does hold in many economic models, and thus provides the explanation for unpredicted identical findings noted by researchers using two supposedly different analysis methodologies. |
SCIMA