Book of Donmon Teith

In this paper, the problem of inconsistent dynamic choice is discussed, as considered in the literature, both under certainty in the context of changing prefere

The need to understand the theories and applications of economic and finance risk has been clear to everyone since the financial crisis, and this collection of

The first attempts to develop a utility theory for choice situations under risk were undertaken by Cramer (1728) and Bernoulli (1738). Considering the famous St

The standard rationality hypothesis is that behaviour can be represented as the maximization of a suitably restricted utility function. This hypothesis lies at