SHOULD AGRICULTURAL AND RESOURCE ECONOMISTS CARE THAT THE SUBJECTIVE EXPECTED UTILITY HYPOTHESIS IS FALSE?

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dc.creatorWoodward, Richard T.
dc.date2017-04-01T13:57:44Z
dc.date.accessioned2026-07-09T03:33:27Z
dc.descriptionThis paper argues that the subjective expected utility (SEU) hypothesis has serious limitations in both positive and normative analysis. In addition to experimental evidence, we discuss examples where alternatives to the SEU model provide a richer framework for the study problems of choice under uncertainty.
dc.identifierdoi:10.22004/ag.econ.20941
dc.identifierhttps://ageconsearch.umn.edu/record/20941/files/spwood01.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/20941
dc.identifier.urihttp://hdl.handle.net/123456789/535071
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/20941
dc.titleSHOULD AGRICULTURAL AND RESOURCE ECONOMISTS CARE THAT THE SUBJECTIVE EXPECTED UTILITY HYPOTHESIS IS FALSE?
dc.typeText

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