'Utility theory' presentation slideshows

Economics of Risk and Uncertainty Summer Term 2011 Ulrich Schmidt

Economics of Risk and Uncertainty Summer Term 2011 Ulrich Schmidt. Phone: +49 431 8801400 Email: us@bwl.uni-kiel.de. Outline. Basic Concepts Utility Theory under Risk and Uncertainty Applications of Utility Theory. Basic Literature.

2.49k views • 228 slides

Applications of non-equilibrium statistical mechanics

Applications of non-equilibrium statistical mechanics . Differences and similarities with equilibrium theories and applications to problems in several areas. Birger Bergersen Dept. Of Physics and Astronomy University of British Columbia birger@phas.ubc.ca

2.19k views • 185 slides

CAREER Program Development

1.09k views • 91 slides

Black-Litterman Asset Allocation Model

Black-Litterman Asset Allocation Model. QSS Final Project Midas Group Members Bo Jiang, Tapas Panda, Jing Lin, Yuxin Zhang Under the Guidance of Professor Campbell Harvey April 27, 2005. Agenda. Part 1: Motivation and Intuition Part 2: Analytics Part 3: Numerical Example

962 views • 55 slides

LECTURE 2 : UTILITY AND RISK AVERSION

LECTURE 2 : UTILITY AND RISK AVERSION. (Asset Pricing and Portfolio Theory). Contents. Introduction to utility theory Relative and absolute risk aversion Different forms of utility functions Empirical evidence How useful are the general findings ? Equity premium puzzle

666 views • 45 slides

Markov Decision Processes

690 views • 40 slides

Session I: An Introduction to Field Experiments John A. List U. Chicago and NBER

Session I: An Introduction to Field Experiments John A. List U. Chicago and NBER A. Measurement Approaches B. Data Generation 1. Lab Experiments 2. Field Experiments a. Types of Field Experiments b. Uses of Field Experiments 3. A Few Design Insights Opening My Laptop

577 views • 40 slides

Foundations for DSS: Rationality, Utility Theory & Decision Analysis

Topics in DSS End user computing DSS concepts EIS, GDSS, groupware Rationality Frameworks for decision making Decision trees Multiattribute decision modeling Spreadsheet implementations Reading assignments (2 sessions) Zwass, DSS chapter

516 views • 32 slides

Making Simple Decisions

Making Simple Decisions. Outline. Combining Belief & Desire Basis of Utility Theory Utility F unctions . Multi-attribute Utility F unctions . Decision Networks Value of Information Expert Systems. Combining Belief & Desire(1). Rational Decision based on Belief & Desire

480 views • 32 slides

Software Self-Adaptation

626 views • 27 slides

Emotions as Necessary Causes of Economic Behavior: Evidence from the disposition effect

Emotions as Necessary Causes of Economic Behavior: Evidence from the disposition effect. Behavioral Finance Working Group Cass Business School July 1-2 2010. Emotions and decision making. Decision making research Well established literatures on: Choices under risk Cognitive biases

388 views • 26 slides

ROC Statistics for the Lazy Machine Learner in All of Us

ROC Statistics for the Lazy Machine Learner in All of Us. Bradley Malin Lecture for COS Lab School of Computer Science Carnegie Mellon University 9/22/2005. Why Should I Care?. Imagine you have 2 different probabilistic classification models e.g. logistic regression vs. neural network

394 views • 23 slides

Chapter 9 Utility Theory

294 views • 17 slides

Chapter 9 Utility Theory

370 views • 17 slides

Why Credibility Theory? Wang, Di Supervisor: Zhou, Jian

Why Credibility Theory? Wang, Di Supervisor: Zhou, Jian. Allais paradox. 1 Statement of the Problem 2 Mathematical proof of inconsistency Experiment 1 Experiment 2. Statement of the Problem.

281 views • 17 slides

Satoshi Fujii (Kyoto University) Atsushi Koike (Tottori University)

227 views • 12 slides

Chapter 4

228 views • 12 slides

Mental Accounting

Mental Accounting. Mental accounting. Utility theory is a common currency theory All options are evaluated with respect to utility But all gains and losses are not viewed as the same. People seem to have a variety of mental accounts. .

1.07k views • 9 slides

Cognitive Processes PSY 334

184 views • 8 slides

Chapter 10

Chapter 10. Consumer Choice. Consumer Choice. 1. What is behind the law of demand? The law of demand can be explained in terms of the concept of utility theory. 2. Utility (TU) - The enjoyment or satisfaction that people derive from consuming goods and services.

211 views • 7 slides