Subjective Probability and Ambiguity

A (Amit) Kothiyal

Research output: Types of ThesisDoctoral ThesisInternal


This thesis studies major theories of decision making under risk and uncertainty. The rst part of the thesis showed that simple psycho-physical principles stand behind the leading behavioral models. In the second part tools are developed to measure parameters of those lead- ing theories, subjective probabilities and beliefs in the case of expected utility and its generalizations like prospect theory, and similarity weights in the case of case-based decision theory. The last part applies prospect theory to give a policy advice to a government on the way to support industry-oriented R&D and innovation.
Original languageEnglish
Awarding Institution
  • Erasmus University Rotterdam
  • Wakker, Peter, Supervisor
  • Bleichrodt, Han, Supervisor
Award date13 Sept 2012
Place of PublicationRotterdam
Publication statusPublished - 13 Sept 2012


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