{"id":"https://openalex.org/W2171553339","doi":"https://doi.org/10.1002/9780470012505.tan006s","title":"Nonexpected Utility Theory","display_name":"Nonexpected Utility Theory","publication_year":2004,"publication_date":"2004-09-24","ids":{"openalex":"https://openalex.org/W2171553339","doi":"https://doi.org/10.1002/9780470012505.tan006s","mag":"2171553339"},"language":"en","primary_location":{"id":"doi:10.1002/9780470012505.tan006s","doi":"https://doi.org/10.1002/9780470012505.tan006s","is_oa":false,"landing_page_url":"https://doi.org/10.1002/9780470012505.tan006s","pdf_url":null,"source":{"id":"https://openalex.org/S4363604899","display_name":"Encyclopedia of Actuarial Science","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Encyclopedia of Actuarial Science","raw_type":"other"},"volume":{"id":"https://openalex.org/W602486339","display_name":"Encyclopedia of Actuarial Science"},"type":"reference-entry","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5081902621","display_name":"Mark J. Machina","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I36258959","display_name":"University of California San Diego","ror":"https://ror.org/0168r3w48","country_code":"US","type":"education","lineage":["https://openalex.org/I36258959"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Mark J. Machina","raw_affiliation_strings":["University of California, Department of Economics, San Diego, La Jolla, California, U.S.A., 92093-0508"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of California, Department of Economics, San Diego, La Jolla, California, U.S.A., 92093-0508","institution_ids":["https://openalex.org/I36258959"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5081902621"],"corresponding_institution_ids":["https://openalex.org/I36258959"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":21,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10646","display_name":"Experimental Behavioral Economics Studies","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/3311","display_name":"Safety Research"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10841","display_name":"Economic and Environmental Valuation","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/non-expected-utility","display_name":"non-expected utility","score":0.8510000109672546},{"id":"https://openalex.org/keywords/expected-utility","display_name":"expected utility","score":0.6230000257492065},{"id":"https://openalex.org/keywords/risk-preferences","display_name":"risk preferences","score":0.9789999723434448},{"id":"https://openalex.org/keywords/decision-making-under-uncertainty","display_name":"decision making under uncertainty","score":0.9150000214576721},{"id":"https://openalex.org/keywords/risk-aversion","display_name":"risk aversion","score":0.5709999799728394},{"id":"https://openalex.org/keywords/insurance-theory","display_name":"insurance theory","score":0.6240000128746033}],"concepts":[{"id":"https://openalex.org/C205706631","wikidata":"https://www.wikidata.org/wiki/Q2319304","display_name":"Expected utility hypothesis","level":2,"score":0.8198965787887573},{"id":"https://openalex.org/C2985793214","wikidata":"https://www.wikidata.org/wiki/Q3274096","display_name":"Utility maximization","level":2,"score":0.8189959526062012},{"id":"https://openalex.org/C2983295151","wikidata":"https://www.wikidata.org/wiki/Q466707","display_name":"Utility theory","level":2,"score":0.5518640875816345},{"id":"https://openalex.org/C136028653","wikidata":"https://www.wikidata.org/wiki/Q1425777","display_name":"Subjective expected utility","level":3,"score":0.5055131912231445},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.47804003953933716},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.462329626083374},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.37913569808006287},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.3420714735984802},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.338350772857666}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1002/9780470012505.tan006s","doi":"https://doi.org/10.1002/9780470012505.tan006s","is_oa":false,"landing_page_url":"https://doi.org/10.1002/9780470012505.tan006s","pdf_url":null,"source":{"id":"https://openalex.org/S4363604899","display_name":"Encyclopedia of Actuarial Science","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Encyclopedia of Actuarial Science","raw_type":"other"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":86,"referenced_works":["https://openalex.org/W113392286","https://openalex.org/W152879461","https://openalex.org/W192593955","https://openalex.org/W1524856534","https://openalex.org/W1525331742","https://openalex.org/W1585630739","https://openalex.org/W1594183550","https://openalex.org/W1772654761","https://openalex.org/W1965761421","https://openalex.org/W1969558376","https://openalex.org/W1969608711","https://openalex.org/W1972203125","https://openalex.org/W1973305806","https://openalex.org/W1975379874","https://openalex.org/W1976435661","https://openalex.org/W1977128119","https://openalex.org/W1980904690","https://openalex.org/W1982635313","https://openalex.org/W1985269854","https://openalex.org/W1989285461","https://openalex.org/W1995118028","https://openalex.org/W2003425943","https://openalex.org/W2004822008","https://openalex.org/W2005119748","https://openalex.org/W2008385173","https://openalex.org/W2009685525","https://openalex.org/W2011794294","https://openalex.org/W2012457319","https://openalex.org/W2016637290","https://openalex.org/W2018062474","https://openalex.org/W2019025561","https://openalex.org/W2020395488","https://openalex.org/W2025102824","https://openalex.org/W2027047704","https://openalex.org/W2040689732","https://openalex.org/W2041389336","https://openalex.org/W2041660482","https://openalex.org/W2042223112","https://openalex.org/W2042831222","https://openalex.org/W2043730305","https://openalex.org/W2047174296","https://openalex.org/W2047944250","https://openalex.org/W2048808175","https://openalex.org/W2048892347","https://openalex.org/W2050050017","https://openalex.org/W2050837647","https://openalex.org/W2052774226","https://openalex.org/W2056819186","https://openalex.org/W2057488803","https://openalex.org/W2061592058","https://openalex.org/W2065317279","https://openalex.org/W2077672602","https://openalex.org/W2079447760","https://openalex.org/W2083354661","https://openalex.org/W2085773866","https://openalex.org/W2088646424","https://openalex.org/W2092927190","https://openalex.org/W2094226015","https://openalex.org/W2096091961","https://openalex.org/W2096452841","https://openalex.org/W2103379473","https://openalex.org/W2103790897","https://openalex.org/W2120733867","https://openalex.org/W2122405726","https://openalex.org/W2126507864","https://openalex.org/W2127488736","https://openalex.org/W2129200904","https://openalex.org/W2133469585","https://openalex.org/W2144846366","https://openalex.org/W2145170747","https://openalex.org/W2145825528","https://openalex.org/W2150552447","https://openalex.org/W2312245828","https://openalex.org/W2313454870","https://openalex.org/W2333311386","https://openalex.org/W2345888244","https://openalex.org/W2580645530","https://openalex.org/W2602737734","https://openalex.org/W2801261416","https://openalex.org/W3011865677","https://openalex.org/W3015469787","https://openalex.org/W3123444676","https://openalex.org/W3158107451","https://openalex.org/W3205459585","https://openalex.org/W4235007239","https://openalex.org/W4252707658"],"related_works":["https://openalex.org/W7098098605","https://openalex.org/W121614040","https://openalex.org/W117274588","https://openalex.org/W2468552572","https://openalex.org/W2150552447","https://openalex.org/W620338100","https://openalex.org/W4243215946","https://openalex.org/W367661277","https://openalex.org/W1482943272","https://openalex.org/W578581544"],"abstract_inverted_index":{"Abstract":[0],"Although":[1],"the":[2,12,37,56,63],"expected":[3,31],"utility":[4,32,47],"model":[5,16],"of":[6,17,24,39,45,58,65],"risk":[7,48],"preferences":[8],"has":[9,26],"long":[10],"been":[11],"most":[13],"widely":[14],"used":[15],"choice":[18],"under":[19],"uncertainty,":[20],"a":[21],"growing":[22],"body":[23],"evidence":[25],"uncovered":[27],"systematic":[28],"departures":[29],"from":[30],"maximization.":[33],"Researchers":[34],"have":[35,51],"characterized":[36],"form":[38],"these":[40,53],"departures,":[41],"developed":[42],"several":[43],"models":[44,54],"nonexpected":[46],"preferences,":[49],"and":[50],"applied":[52],"to":[55],"analysis":[57],"standard":[59],"questions":[60],"such":[61],"as":[62],"theory":[64],"insurance.":[66]},"counts_by_year":[{"year":2022,"cited_by_count":2},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":4},{"year":2015,"cited_by_count":2},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":5},{"year":2012,"cited_by_count":1}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2016-06-24T00:00:00"}
