Developments in Non-Expected Utility Theory: The Hunt for a Descriptive Theory of Choice under Risk
回顾了个人风险决策理论的最新进展，评估了非期望效用模型在实证成功和理论有用性方面的表现，并探讨了该领域的新方向。
This article reviews recent developments in the economic theory of individual decision making under risk. Since the 1950s it has been known that individual choices violate the standard model of expected utility in predictable ways. Considerable research effort has now been devoted to the project of developing a superior descriptive model. Following an overview of non-expected utility theories which distinguishes between “conventional” and “non-conventional” approaches, the paper seeks to assess these alternative models in terms of empirical success (using laboratory and field data) and theoretical usefulness. The closing sections reflect on some new directions emerging in this literature.