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Development Of Utility Theory And Utility Paradoxes, Timothy E. Dahlstrom
Development Of Utility Theory And Utility Paradoxes, Timothy E. Dahlstrom
Lawrence University Honors Projects
Since the pioneering work of von Neumann and Morgenstern in 1944 there have been many developments in Expected Utility theory. In order to explain decision making behavior economists have created increasingly broad and complex models of utility theory. This paper seeks to describe various utility models, how they model choices among ambiguous and lottery type situations, and how they respond to the Ellsberg and Allais paradoxes. This paper also attempts to communicate the historical development of utility models and provide a fresh perspective on the development of utility models.
La Creación De Crianza: Un Retrato De La Niñez En Martín Centeno, Sara Dean
La Creación De Crianza: Un Retrato De La Niñez En Martín Centeno, Sara Dean
Independent Study Project (ISP) Collection
In the ever-shifting landscape of rural Nicaragua, how do new developments affect the ways in which children make sense of their worlds and their identities? Taking place in Martín Centeno, a cooperative community near Río Blanco in the Department of Matagalpa that was founded in the 80s for families displaced by the war, the present study borrows the theoretical framework of children’s geographies. Through observation, interviews, and visual research methods, this study paints a portrait of childhood in Martín Centeno today, as well as highlighting ways it has changed over time. The study places particular emphasis on the role of …