Arbeitspapier
From a Regret to an Expected Utility Model: a learning process
This paper identifies in a feed-forward neural network the mathematical algorithm which can catch the learning process highlighted by econometric works that makes people assess the satisfaction arising in each single contingency so that they are better depicted in their decision making by an Expected Utility rather than by a Regret Model. Evidence from experimental economics are also accounted for, since the network does not manage to extrapolate the former from the latter model when probabilities are extreme.
- Language
-
Englisch
- Bibliographic citation
-
Series: Quaderni - Working Paper DSE ; No. 284
- Classification
-
Wirtschaft
- Event
-
Geistige Schöpfung
- (who)
-
Giusti, Giuliano
Zagonari, Fabio
- Event
-
Veröffentlichung
- (who)
-
Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
- (where)
-
Bologna
- (when)
-
1997
- DOI
-
doi:10.6092/unibo/amsacta/5026
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Giusti, Giuliano
- Zagonari, Fabio
- Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
Time of origin
- 1997
Other Objects (12)
Learning and dynamic choices under uncertainty: from weighted regret and rejoice to expected utility
Testing choquet expected utility
Approximate Expected Utility Rationalization
Approximate Expected Utility Rationalization
Expected multi-utility representations
Awareness-dependent subjective expected utility
Random rank-dependent expected utility
Expected Utility and Catastrophic Risk
Risk and Expected Utility Theory
Optimal Incentives without Expected Utility
Subjective expected utility in games
Boundedly rational expected utility theory
Learning and dynamic choices under uncertainty: from weighted regret and rejoice to expected utility
Testing choquet expected utility
Approximate Expected Utility Rationalization
Approximate Expected Utility Rationalization
Expected multi-utility representations
Awareness-dependent subjective expected utility
Random rank-dependent expected utility
Expected Utility and Catastrophic Risk
Risk and Expected Utility Theory
Optimal Incentives without Expected Utility
Subjective expected utility in games
Boundedly rational expected utility theory
Learning and dynamic choices under uncertainty: from weighted regret and rejoice to expected utility
Testing choquet expected utility
Approximate Expected Utility Rationalization
Approximate Expected Utility Rationalization
Expected multi-utility representations
Awareness-dependent subjective expected utility
Random rank-dependent expected utility
Expected Utility and Catastrophic Risk
Risk and Expected Utility Theory
Optimal Incentives without Expected Utility
Subjective expected utility in games