The theory on the evolution of preferences deals with the endogenous formation of preference relations in strategic situations. It is related to the field of ev

Economic analysis of choice under uncertainty has been dominated by the expected utility (EU) model, yet the EU model has never been without critics. Psychologi

This Element offers an accessible but technically detailed review of expected utility theory (EU). it focuses on the methodological issues that have accompanied

The need to understand the theories and applications of economic and finance risk has been clear to everyone since the financial crisis, and this collection of