Investigating Generalizations of Expected Utility Theory Using Experimental Data
用实验数据估计多种期望效用理论的推广模型，通过似然比检验和Akaike信息准则比较其统计与经济优越性，发现对许多受试者而言这些推广的优越性并不成立。
A number of generalizations of the expected utility preference functional are estimated using experimentally generated data involving 100 pairwise choice questions repeated on two separate occasions. Likelihood ratio tests are conducted to investigate the statistical superiority of the various generalizations and the Akaike information criterion is used to distinguish between them. The economic superiority of the various generalizations is also explored and the paper concludes that, for many subjects, the superiority of several of the generalizations is not established. Copyright 1994 by The Econometric Society.