Risky Curves: On the Empirical Failure of Expected Utility

Risky Curves: On the Empirical Failure of Expected Utility, Routledge, February 2014

37 Pages Posted: 8 Jun 2014

See all articles by Daniel Friedman

Daniel Friedman

University of California, Santa Cruz - Department of Economics; CESifo (Center for Economic Studies and Ifo Institute)

R. Mark Isaac

Florida State University - Department of Economics

Duncan James

Fordham University

Shyam Sunder

Yale University - School of Management; Yale University - Cowles Foundation

Date Written: 2014

Abstract

This paper provides some extracts from a book of the same title. It raises issues with respect to the descriptive validity and predictive power of Expected Utility Theory (EUT).

Suggested Citation

Friedman, Daniel and Isaac, Robert Mark and James, Duncan and Sunder, Shyam, Risky Curves: On the Empirical Failure of Expected Utility (2014). Risky Curves: On the Empirical Failure of Expected Utility, Routledge, February 2014. Available at SSRN: https://ssrn.com/abstract=2446737

Daniel Friedman (Contact Author)

University of California, Santa Cruz - Department of Economics ( email )

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CESifo (Center for Economic Studies and Ifo Institute)

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Robert Mark Isaac

Florida State University - Department of Economics ( email )

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Duncan James

Fordham University ( email )

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Shyam Sunder

Yale University - School of Management ( email )

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HOME PAGE: http://www.som.yale.edu/faculty/sunder/

Yale University - Cowles Foundation

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