Concepedia

Maxmin Expected Utility

Maxmin Expected Utility is a decision theory model that, within the class of models for decision-making under ambiguity, is distinguished by its specification that an agent evaluates uncertain prospects by the minimum expected utility across a set of plausible probability distributions, thereby capturing ambiguity aversion.

65

Publications

7.9K

Citations

107

Authors

92

Institutions

Publications per year

2017–2026

16

Variants

Maxmin Expected Utility Model

Parents

Publications

65

Maxmin expected utility with non-unique prior

Itzhak Gilboa, David Schmeidler · Journal of Mathematical Economics · 1989 · 4.2K citations

, , +8

Maxmin Expected Utility with a Non-Unique Prior

Itzhak Gilboa, David Schmeidler · AgEcon Search (University of Minnesota, USA) · 1986 · 685 citations · Full text

, , +17

Expected utility theory and prospect theory: one wedding and a decent funeral

Glenn W. Harrison, E. Elisabet Rutström · Experimental Economics · 2008 · 437 citations · Full text

, , +15

A critique of expected utility theory: Descriptive and normative considerations

Erkenntnis · 1975 · 334 citations

, , +14

On the compatibility of nested logit models with utility maximization

Axel Börsch‐Supan · Journal of Econometrics · 1990 · 175 citations

, , +11

1–5 of 65

Authors

107

  1. PK
    Peter Klibanoff

    Northwestern University, United States

    4 publications · 307 citations

    4

    h-index

  2. SM
    Sujoy Mukerji

    University of Oxford, United Kingdom

    4 publications · 144 citations

    4

    h-index

  3. DS
    David Schmeidler

    Tel Aviv University, Israel

    4 publications · 4.9K citations

    4

    h-index

  4. IG
    Itzhak Gilboa

    Tel Aviv University, Israel

    3 publications · 4.9K citations

    3

    h-index

  5. EO
    Emre Ozdenoren

    University of Michigan, United States

    2 publications · 144 citations

    2

    h-index

1–5 of 107

Institutions

92

  1. Northwestern University

    Evanston, United States

    5 h-index

    9 publications

    4.7K citations

  2. Decision Sciences (United States)

    Fort Walton Beach, United States

    4 h-index

    6 publications

    227 citations

  3. Tel Aviv University

    Tel Aviv, Israel

    4 h-index

    4 publications

    4.3K citations

  4. University of Oxford

    Oxford, United Kingdom

    3 h-index

    3 publications

    109 citations

  5. Université Paris 1 Panthéon-Sorbonne

    Paris, France

    3 h-index

    3 publications

    194 citations

  6. Centre d'Économie de la Sorbonne

    Paris, France

    3 h-index

    3 publications

    194 citations

  7. Paris School of Economics

    Paris, France

    3 h-index

    3 publications

    160 citations

  8. Queen Mary University of London

    London, United Kingdom

    3 h-index

    3 publications

    83 citations

1–8 of 92

Venues

  1. Journal of Economic Theory

    JET · 6 publications · 257 citations

    6

    h-index

  2. Econometrica

    6 publications · 213 citations

    6

    h-index

  3. Journal of Risk and Uncertainty

    3 publications · 264 citations

    3

    h-index

  4. International Journal of Game Theory

    3 publications · 39 citations

    3

    h-index

  5. Econstor (Econstor)

    Repository · 3 publications · 63 citations

    3

    h-index

1–5