Accounting for realization uncertainty in estimating risk and time preferences over public lotteries.

Authors: Scrogin, David¹ (AUTHOR) dscrogin@ucf.edu

Source: Applied Economics Letters. Nov2025, p1-5. 5p.

Subject Terms: *RISK aversion, *DELAY discounting (Psychology), LOTTERIES, EXPECTED utility, STATISTICAL weighting, LOTTERY winners

Closed‐Form Optimal Investment Under Generalized GARCH Models.

Authors: Escobar‐Anel, Marcos¹ (AUTHOR), Lausser, Tobias² (AUTHOR) tobias.lausser@tum.de, Zagst, Rudi² (AUTHOR)

Source: European Financial Management. Nov2025, p1. 25p. 7 Illustrations.

Subject Terms: *ASSET allocation, *RISK aversion, *MARKET volatility, *PARAMETER estimation, EXPECTED utility, NUMERICAL analysis, GARCH model

An Extended Merton Problem With Relaxed Benchmark Tracking.

Authors: Bo, Lijun¹ (AUTHOR), Huang, Yijie² (AUTHOR) yijie.huang@polyu.edu.hk, Yu, Xiang² (AUTHOR)

Source: Mathematical Finance. Nov2025, p1. 27p. 13 Illustrations.

Subject Terms: *RESOURCE allocation, *PORTFOLIO management (Investments), EXPECTED utility, STOCHASTIC control theory

A spatial utility model for ranking maps.

Authors: Brison, Valérie¹ (AUTHOR) brisonvalerie@hotmail.com, Pirlot, Marc¹ (AUTHOR) marc.pirlot@umons.ac.be

Source: Annals of Operations Research. Oct2025, Vol. 353 Issue 1, p25-52. 28p.

Subject Terms: *RISK assessment, *MULTIPLE criteria decision making, EXPECTED utility, GEOGRAPHY, GEOGRAPHICAL positions, GEOGRAPHIC spatial analysis

Smart contract tontines.

Authors: Abou Daya, Mohamad Hassan^1,2 (AUTHOR), Bernard, Carole^1,2 (AUTHOR) carole.bernard@grenoble-em.com

Source: Applied Economics. Oct2025, Vol. 57 Issue 46, p7495-7510. 16p.

Subject Terms: *DISCLOSURE, *RISK sharing, *BLOCKCHAINS, *RISK assessment, EXPECTED utility

On the optimal design of a new class of proportional portfolio insurance strategies in a jump-diffusion framework.

Authors: Colaneri, Katia¹ (AUTHOR) katia.colaneri@uniroma2.it, Mancinelli, Daniele¹ (AUTHOR), Oliva, Immacolata² (AUTHOR)

Source: Scandinavian Actuarial Journal. Nov2025, Vol. 2025 Issue 9, p883-905. 23p.

Subject Terms: *INCOMPLETE markets, *INVESTMENT policy, *INVESTMENT risk, *RISK aversion, EXPECTED utility

Optimal pricing and capacity management in service systems with delay-sensitive mixed-risk customers.

Authors: Deligiannis, Michalis¹ (AUTHOR), Benioudakis, Myron^1,2 (AUTHOR), Liberopoulos, George¹ (AUTHOR) glib@mie.uth.gr, Burnetas, Apostolos³ (AUTHOR)

Source: International Journal of Production Research. Nov2024, Vol. 62 Issue 21, p7877-7903. 27p.

Subject Terms: *PRICE regulation, *PRICES, *COST effectiveness, EXPECTED utility, PUBLIC welfare policy

Prospect Theory-Based Portfolio Selection Using Multiple Fuzzy Reference Intervals

Authors: Wang, X., Wang, B., Teng, L., Wu, Y.

Source: IEEE Transactions on Systems, Man, and Cybernetics: Systems IEEE Trans. Syst. Man Cybern, Syst. Systems, Man, and Cybernetics: Systems, IEEE Transactions on. 55(10):7100-7114 Oct, 2025

Anticomonotonicity for preference axioms: The natural counterpart to comonotonicity.

Authors: Principi, Giulio¹ (AUTHOR) gp2187@nyu.edu, Wakker, Peter P.² (AUTHOR) wakker@ese.eur.nl, Wang, Ruodu³ (AUTHOR) wang@uwaterloo.ca

Source: Theoretical Economics. Jul2025, Vol. 20 Issue 3, p831-855. 25p.

Subject Terms: *RISK aversion, *BAYESIAN analysis, *MATHEMATICAL models, EXPECTED utility, MONOTONIC functions

Do generalizations of expected utility explain more than the zero effect?

Authors: Incekara-Hafalir, Elif¹ (AUTHOR) elif.incekarahafalir@uts.edu.au, Kim, Eungsik² (AUTHOR), Stecher, Jack³ (AUTHOR)

Source: Applied Economics Letters. Aug2025, p1-4. 4p.

Subject Terms: *DECISION theory, EXPECTED utility, THEORISTS, CHOICE (Psychology)

Playing Divide-and-Choose Given Uncertain Preferences.

Authors: Tucker-Foltz, Jamie¹ (AUTHOR) jtuckerfoltz@gmail.com, Zeckhauser, Richard² (AUTHOR) richard_zeckhauser@harvard.edu

Source: Management Science. Aug2025, Vol. 71 Issue 8, p6902-6924. 23p.

Subject Terms: *RESOURCE allocation, *UNCERTAINTY (Information theory), EXPECTED utility, INDEPENDENT variables, APPLIED sciences

The interpretation and role of utility from early economic views to behavioral economics.

Authors: Bélyácz, Iván¹ belyacz.ivan@ktk.pte.hu, Kovács, Kármen² kovacs.karmen@ktk.pte.hu

Source: Public Finance Quarterly (0031-496X). 2025, Issue 3, p9-43. 35p.

Subject Terms: *BEHAVIORAL economics, *VALUE (Economics), *ECONOMIC models, *NEOCLASSICAL school of economics, *RATIONAL choice theory, EXPECTED utility, UTILITARIANISM

Evaluating Allocations of Opportunities.

Authors: Andreoli, Francesco^1,2 (AUTHOR), Faure, Mathieu³ (AUTHOR), Gravel, Nicolas³ (AUTHOR) nicolas.gravel@univ-amu.fr, Kundu, Tista⁴ (AUTHOR)

Source: International Economic Review. Sep2025, p1. 33p. 8 Illustrations.

Subject Terms: *DISTRIBUTION (Probability theory), EXPECTED utility, GENDER, SCHOLARLY method, CASTE, MATHEMATICAL inequalities, ASSIGNMENT problems (Programming), POSSIBILITY

Deploying Experienced Utility in Health Economic Evaluation: A Quantitative Study.

Authors: Broekharst, Damien S. E.¹ (AUTHOR), Bloem, Sjaak¹ (AUTHOR) s.bloem@nyenrode.nl, Blomme, Robert J.² (AUTHOR), Groenland, Edward A. G.¹ (AUTHOR), Jeurissen, Patrick P. T.³ (AUTHOR), van Agthoven, Michel⁴ (AUTHOR)

Source: Journal of Market Access & Health Policy. Sep2025, Vol. 13 Issue 3, p1-11. 11p.

Subject Terms: *QUANTITATIVE research, *DATA analysis, *UTILITY theory, *EMPIRICAL research, EXPECTED utility, HEALTH behavior, HEALTH outcome assessment

Utility elicitation and maximization from uncertain certainty equivalents.

Authors: Rujeerapaiboon, Napat¹ (AUTHOR), Xue, Yilin¹ (AUTHOR), Luo, Chunling² (AUTHOR) iseluoc@gmail.com

Source: IISE Transactions. Jul2025, p1-26. 26p. 13 Illustrations.

Subject Terms: *UTILITY functions, *MATHEMATICAL optimization, *DECISION theory, *MATHEMATICAL statistics, *RISK aversion, EXPECTED utility, SCIENTIFIC experimentation

Expected value, to a point: Moral decision‐making under background uncertainty.

Authors: Tarsney, Christian¹ (AUTHOR) christian.tarsney@utexas.edu

Source: Nous (0029-4624). Dec2025, Vol. 59 Issue 4, p1093-1125. 33p.

Subject Terms: *STOCHASTIC dominance, *EXPECTED utility, *DECISION theory, *RISK aversion, *UTILITY functions, *ETHICAL decision making

Risk-Aware Electricity Procurement for Flexible Cement Plants: A Utility-Theoretic Approach in Multi-Electricity Markets

Authors: Khanra, Manish, Harder, Nick, Maurer, Florian

Source: 2025 21st International Conference on the European Energy Market (EEM) European Energy Market (EEM), 2025 21st International Conference on the. :1-6 May, 2025

Relation: 2025 21st International Conference on the European Energy Market (EEM)

Preferences over risk changes in variance.

Authors: De Donno, Marzia¹ (AUTHOR) marzia.dedonno@unicatt.it, Menegatti, Mario² (AUTHOR) mario.menegatti@unipr.it

Source: Decisions in Economics & Finance. Jun2025, Vol. 48 Issue 1, p59-72. 14p.

Subject Terms: *CONSUMPTION (Economics), *DECISION making in investments, *ANALYSIS of variance, *RISK-taking behavior, EXPECTED utility, CHOICE (Psychology)

Robust CARA Optimization.

Authors: Chen, Li¹ (AUTHOR) chen_l@u.nus.edu, Sim, Melvyn² (AUTHOR) dscsimm@nus.edu.sg

Source: Operations Research. May/Jun2025, Vol. 73 Issue 3, p1459-1478. 20p.

Subject Terms: *DECISION making, *UNCERTAINTY (Information theory), *INVENTORY control, *STOCHASTIC analysis, ROBUST optimization, EXPECTED utility, CONSTRAINED optimization

Life‐cycle planning model with stochastic volatility and recursive preferences.

Authors: Wang, Hao¹ (AUTHOR), Liu, Dongdong¹ (AUTHOR), Xu, Lin¹ (AUTHOR), Wang, Ning² (AUTHOR) ning.wang@anu.edu.au

Source: International Review of Finance. Jun2025, Vol. 25 Issue 2, p1-22. 22p.

Subject Terms: *INTERTEMPORAL choice, *DYNAMIC programming, *STOCHASTIC models, EXPECTED utility, TIME perspective