References
[1]. Hastie R., Dawes M. R.(2009). Rational Choice in an Uncertain World_ The Psychology of Judgment and Decision Making-SAGE Publications
[2]. Herbert A. S. (1959) Theories of Decision-Making in Economics and Behavioural Science,
[3]. Gregory S. P., Patrick J. D., Dale L. H., (2011) Decision Making in Systems Engineering and Management
[4]. Goldstein M. W., & Hogarth M. R. (n.d). Judgment and decision research: Some historical context (pp. 1-66) (Goldstein & Hogarth)
[5]. Kate S., Megan L. R., Lee M. C. (2020) Medical Decision Making
[6]. Sholom M. W., Casimir A. K., Saul A., Aran S. (1978) A model-based method for computer-aided medical decision-making
[7]. Donald A. R., Eldar S. (1995) Medical Decision Making in Situations That Offer Multiple Alternatives
[8]. Neeraj K. A. & Colleen A. M. (2000) Patient Preferences for Medical Decision Making: Who Really Wants to Participate?
[9]. John B. D., D. Wade H., Uskali M., (1998) The Handbook of Economic Methodology
[10]. Edmundas K. Z. & Zenonas T. (2011) Multiple criteria decision making (MCDM) methods in economics: an overview
[11]. Douglas T. K. et. al (2010) Deep Rationality: The Evolutionary Economics of Decision Making
[12]. Martin. J. B. (2012) Economic Evaluation and Decision Making in the UK
[13]. Ian J. B. et.al. (2013) Bringing Ecosystem Services into Economic Decision-Making: Land Use in the United Kingdom
[14]. Harlé, K. M., Allen, J. J. B., & Sanfey, A. G. (2010). The impact of depression on social economic decision making. Journal of Abnormal Psychology, 119(2), 440–446. https://doi.org/10.1037/a0018612
[15]. David P. R., R. Bruce Hull, (2002) Beyond Biology: toward a More Public Ecology for Conservation
[16]. H. P. Possingham (1997) State-Dependent Decision Analysis for Conservation Biology
[17]. David J. S., Jens K., Richard J., Iain D. C., Ashley J. W., (2008) Consensus Decision Making by Fish
[18]. Theodore J. P., & Peter S. S. (2009) Strategies for cellular decision-making
[19]. Bell E. D., Raiffa H., & Tversky A. (). Descriptive, normative, and prescriptive interactions in decision making (pp. 9-30) (Bell et al.)
[20]. Neumann, John Von, and Oskar Morgenstern. Theory of Games and Economic Behavior. Princeton University Press, 2007.
[21]. Huang S., Faul L., Sevine G. et. al (2021) Age Differences in Intuitive Moral Decision-Making: Associations With Inter-Network Neural Connectivity (Huang S. et al 2021)
[22]. Kahneman, D., & Tversky, A. (2013). Prospect theory: An analysis of decision under risk. In Handbook of the fundamentals of financial decision making: Part I (pp. 99-127).
[23]. Fishburn, P.C. (1981). Subjective Expected Utility: a review of normative theories
[24]. Fishburn, P.C. (1990). Utility Theory and Decision Theory. In: Eatwell, J., Milgate, M., Newman, P. (eds) Utility and Probability. The New Palgrave. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-20568-4_40 (pp 303–312)
[25]. Kahneman D. & Tversky A. (1979) Prospect Theory: An Analysis of Decision under risk (Kahneman & Tversky, 1979)
[26]. Tversky A. & Kahneman D. (1992) Advances in Prospect Theory: Cumulative Representation of Uncertainty (Tversky & Kahneman, 1992)
Cite this article
Liu,P. (2023). Decision-making and Utility Theory. Advances in Economics, Management and Political Sciences,26,313-321.
Data availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
Disclaimer/Publisher's Note
The statements, opinions and data contained in all publications are solely those of the individual author(s) and contributor(s) and not of EWA Publishing and/or the editor(s). EWA Publishing and/or the editor(s) disclaim responsibility for any injury to people or property resulting from any ideas, methods, instructions or products referred to in the content.
About volume
Volume title: Proceedings of the 2023 International Conference on Management Research and Economic Development
© 2024 by the author(s). Licensee EWA Publishing, Oxford, UK. This article is an open access article distributed under the terms and
conditions of the Creative Commons Attribution (CC BY) license. Authors who
publish this series agree to the following terms:
1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons
Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this
series.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published
version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial
publication in this series.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and
during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See
Open access policy for details).
References
[1]. Hastie R., Dawes M. R.(2009). Rational Choice in an Uncertain World_ The Psychology of Judgment and Decision Making-SAGE Publications
[2]. Herbert A. S. (1959) Theories of Decision-Making in Economics and Behavioural Science,
[3]. Gregory S. P., Patrick J. D., Dale L. H., (2011) Decision Making in Systems Engineering and Management
[4]. Goldstein M. W., & Hogarth M. R. (n.d). Judgment and decision research: Some historical context (pp. 1-66) (Goldstein & Hogarth)
[5]. Kate S., Megan L. R., Lee M. C. (2020) Medical Decision Making
[6]. Sholom M. W., Casimir A. K., Saul A., Aran S. (1978) A model-based method for computer-aided medical decision-making
[7]. Donald A. R., Eldar S. (1995) Medical Decision Making in Situations That Offer Multiple Alternatives
[8]. Neeraj K. A. & Colleen A. M. (2000) Patient Preferences for Medical Decision Making: Who Really Wants to Participate?
[9]. John B. D., D. Wade H., Uskali M., (1998) The Handbook of Economic Methodology
[10]. Edmundas K. Z. & Zenonas T. (2011) Multiple criteria decision making (MCDM) methods in economics: an overview
[11]. Douglas T. K. et. al (2010) Deep Rationality: The Evolutionary Economics of Decision Making
[12]. Martin. J. B. (2012) Economic Evaluation and Decision Making in the UK
[13]. Ian J. B. et.al. (2013) Bringing Ecosystem Services into Economic Decision-Making: Land Use in the United Kingdom
[14]. Harlé, K. M., Allen, J. J. B., & Sanfey, A. G. (2010). The impact of depression on social economic decision making. Journal of Abnormal Psychology, 119(2), 440–446. https://doi.org/10.1037/a0018612
[15]. David P. R., R. Bruce Hull, (2002) Beyond Biology: toward a More Public Ecology for Conservation
[16]. H. P. Possingham (1997) State-Dependent Decision Analysis for Conservation Biology
[17]. David J. S., Jens K., Richard J., Iain D. C., Ashley J. W., (2008) Consensus Decision Making by Fish
[18]. Theodore J. P., & Peter S. S. (2009) Strategies for cellular decision-making
[19]. Bell E. D., Raiffa H., & Tversky A. (). Descriptive, normative, and prescriptive interactions in decision making (pp. 9-30) (Bell et al.)
[20]. Neumann, John Von, and Oskar Morgenstern. Theory of Games and Economic Behavior. Princeton University Press, 2007.
[21]. Huang S., Faul L., Sevine G. et. al (2021) Age Differences in Intuitive Moral Decision-Making: Associations With Inter-Network Neural Connectivity (Huang S. et al 2021)
[22]. Kahneman, D., & Tversky, A. (2013). Prospect theory: An analysis of decision under risk. In Handbook of the fundamentals of financial decision making: Part I (pp. 99-127).
[23]. Fishburn, P.C. (1981). Subjective Expected Utility: a review of normative theories
[24]. Fishburn, P.C. (1990). Utility Theory and Decision Theory. In: Eatwell, J., Milgate, M., Newman, P. (eds) Utility and Probability. The New Palgrave. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-20568-4_40 (pp 303–312)
[25]. Kahneman D. & Tversky A. (1979) Prospect Theory: An Analysis of Decision under risk (Kahneman & Tversky, 1979)
[26]. Tversky A. & Kahneman D. (1992) Advances in Prospect Theory: Cumulative Representation of Uncertainty (Tversky & Kahneman, 1992)