From Experienced Utility to Decision Utility
نویسندگان
چکیده
Identifying What Does What for Brain Mechanisms of Outcome Utilities 330 Brain Mesolimbic Dopamine: Anticipated/Predicted Utility or Pure Decision Utility? 330 Berridge’s Incentive Salience Theory: Dopamine as Pure Decision Utility 331 Incentive Salience “Wanting” versus Ordinary Wanting 331 Computational Modeling of Incentive Salience as Decision Utility 333 Applications of Incentive Salience Computation in Economics 334
منابع مشابه
Risk premiums and certainty equivalents of loss-averse newsvendors of bounded utility
Loss-averse behavior makes the newsvendors avoid the losses more than seeking the probable gains as the losses have more psychological impact on the newsvendor than the gains. In economics and decision theory, the classical newsvendor models treat losses and gains equally likely, by disregarding the expected utility when the newsvendor is loss-averse. Moreover, the use of unbounded utility to m...
متن کاملA Systems Approach to Information Technology (IT) Infrastructure Design for Utility Management Automation Systems
Almost all of electric utility companies are planning to improve their management automation system, in order to meet the changing requirements of new liberalized energy market and to benefit from the innovations in information and communication technology (ICT or IT). Architectural design of the utility management automation (UMA) systems for their IT-enabling requires proper selection of ...
متن کاملUtility of Ranking Warehouse Candidates in Workshop Locations Using UTAStar
Although the importance of locating in manufacturing and service companies is not a new issue, one of significance applications is to determine the appropriate location for warehouses in manufacturing workshops warehouses to the maintenance of materials or products. In any organizations, Finding the suitable site for warehouses establishments to increase customer service and efficiency is one o...
متن کاملRational Choice Theory: A Cultural Reconsideration
Economists have heralded the formulation of the expected utility theorem as a universal method of choice under uncertainty. In their seminal paper, Stigler and Becker (Stigler & Becker, 1977) declared that “human behavior can be explained by a generalized calculus of utility-maximizing behavior” (p.76). The universality of the rational choice theory has been widely criticized by psychologists, ...
متن کاملIdentifying and ranking the affecting factors for performance enhancement in maritime transport with a multi-branch decision-making approach based on the utility theory
Background and Theoretical Foundations: Transportation is one of the necessities for the economic development of any country. Among various modes of transportation such as air, land and sea the sea transportation is the cheapest, and it is more important as the worlds continue to grow. In Iran, due to political issues and sanctions, and since imposing limitation on marine transport cannot be im...
متن کاملChoosing the Optimum Underground Mine Layout with Regard to Metal Price Uncertainty Using Expected Utility Theory
Metal price is one of the most important parameters in the calculation of cut- off grade. The cut- off grade has the main role in determination of mine layout. Mine layout actuates mineable reserve, mine life and economic profitability. Not considering the uncertainty in metal prices can lead to a non-optimal layout. In this paper optimum underground mine layout is determined by expected utilit...
متن کامل