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Progress in Utility and Risk Theory

  • Book
  • © 1984

Overview

Editors:
  1. Ole Hagen

    1. Norwegian School of Management, Bekkestua, Norway

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  2. Fred Wenstøp

    1. Norwegian School of Management, Bekkestua, Norway

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    You can also search for this editor in PubMed   Google Scholar

Part of the book series: Theory and Decision Library (TDLU, volume 42)

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Table of contents (9 chapters)

  1. Front Matter

    Pages i-xii
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  2. Foundations of Utility and Probability

    1. Front Matter

      Pages 1-1
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    2. The Foundations of the Theory of Utility and Risk Some Central Points of The Discussions at the Oslo Conference

      • Maurice Allais
      Pages 3-131

  3. One Utility Function or Two?

    1. Front Matter

      Pages 133-133
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    2. Utility and Risk Preference Functions

      • Georges Bernard
      Pages 135-143

    3. Neo-Cardinalism

      • Ole Hagen
      Pages 145-164

    4. Prediction, Measurement, and Error of Utility: A Reply to Allais

      • Roman Krzysztofowicz
      Pages 165-170

  4. Prescriptive versus Descriptive Decision Models

    1. Front Matter

      Pages 171-171
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    2. Remarks to Professor Allais’ Contributions to the Theory of Expected Utility and Related Subjects

      • Wilhelm Krelle
      Pages 173-180

    3. Decision-Aid and Expected Utility Theory: A Critical Survey

      • Denis Bouyssou
      Pages 181-216

  5. Aspects of Process Utility

    1. Front Matter

      Pages 217-217
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    2. The Importance of What Might Have Been

      • Graham Loomes, Robert Sugden
      Pages 219-235

    3. Relativity in Decision Theory

      • Ole Hagen
      Pages 237-249

    4. The Utility and of Gambling of Outcomes: Inconsistent First Approximations

      • Robin Pope
      Pages 251-273

  6. Back Matter

    Pages 275-279
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Keywords

About this book

1. PROGRESS IN UTILITY AND RISK THEORY At the First International Congress of Utility and Risk Theory in Oslo 1982 (FUR-82) it appeared to be a widespread feeling among the participants that the conference signalled something like a paradigm shift in the field. This does not necessarily mean that old truths were discarded and replaced by new ones, but rather that new theories and new empirical evidence were brought forth, compelling old theories to be critically analyzed from new angels. Some of the papers presented at FUR-82 have been published by Reidel in 1983 in a volume edited by Stigum and Wenst0p. The present volume contains com­ mentaries on a number of the papers presented at the conference together with broader outlines of current views on the theory. The observation that utility and risk theory now appears to be in a state of rapid change has prompted us to choose the title PROGRESS IN UTILITY AND RISK THEORY for the book, in the belief that science always moves from poorer to more advanced paradigms or from weaker to more forceful theories. In other words, change is usually progress, even though intermediate stages in a para­ digm shift may be bewildering, to say the least.

Editors and Affiliations

  • Norwegian School of Management, Bekkestua, Norway

    Ole Hagen, Fred Wenstøp

Bibliographic Information

  • Book Title: Progress in Utility and Risk Theory

  • Editors: Ole Hagen, Fred Wenstøp

  • Series Title: Theory and Decision Library

  • DOI: https://doi.org/10.1007/978-94-009-6351-1

  • Publisher: Springer Dordrecht

  • eBook Packages: Springer Book Archive

  • Copyright Information: D. Reidel Publishing Company, Dordrecht, Holland 1984

  • Hardcover ISBN: 978-90-277-1731-3Published: 30 June 1984

  • Softcover ISBN: 978-94-009-6353-5Published: 19 October 2011

  • eBook ISBN: 978-94-009-6351-1Published: 06 December 2012

  • Edition Number: 1

  • Number of Pages: XII, 279

  • Topics: Methodology of the Social Sciences

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