| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 1151507 | Statistics & Probability Letters | 2014 | 6 Pages |
Abstract
We consider the problem of assessing the utility of chance. One approach is based on offering a decision maker a choice between receiving a fixed chance and a gamble. We investigate theoretical properties of a class of models for the probability of preference of the gamble. We point out an alternative model that models behavior near the boundary more realistically.
Related Topics
Physical Sciences and Engineering
Mathematics
Statistics and Probability
Authors
Sudip Bose,