Agenda

02 Apr 2024 14:00

Decision Theories beyond Expected Utility

Meeting Room 1, San Giobbe Economics Campus

Ivan Moscati
University of Insubria

In this seminar we discuss some theories of decision-making under risk and uncertainty that have been put forward since the late 1970s and go beyond traditional Expected Utility Theory.

CLASS 1
Decision making under risk

  • Expected utility: quick recap and the Allais paradox
  • Prospect Theory (PT)
  • Modelling risk attitudes in PT

CLASS 2
Decision making under risk (continues)

  • Cumulative Prospect Theory (CPT)
  • Modelling risk attitudes in CPT
  • Problems for PT and CPT

CLASS 3
Decision making under risk (continues)

  • A look at the heuristic approach: the Priority Heuristic Model Decision making under uncertainty
  • Subjective expected utility: quick recap and the Ellsberg paradox
  • Choquet Expected Utility and Maxmin Expected Utility: an overview

Lingua

L'evento si terrà in inglese

Organizzatore

Department of Economics, PhD in Economics

Link

http://unive.it/phd-economics

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