Choices, Preferences, and Utility Theories

Hi there and welcome! You can navigate yourself through one of the following topics:

  1. Choices/Preference/Utility over Finite Outcomes
    • Definition and properties of choices, preference relations, and representing utility functions.
  2. Choices/Preference/Utility over Infinite Outcomes
    • Bring the concepts to infinite set of consequences.
  3. von Neumann-Morgenstern Expected Utility
    • Explore lotteries and expected utility theory.
  4. Risk Aversion
    • Examining risk aversion and its role in rational decision-making.
  5. Afriat’s Theorem
    • An introduction to Afriat’s theorem and its implications.
  6. Stochastic Choice
    • The theory behind stochastic choices.
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