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Challenges to Expected Utility Theory Spark New Decision-Making Approaches

Qiye jishu kaifa
Review of the Non-expected utility theory's development
Min Peng

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The article reviews the development of a theory that challenges the traditional way of making decisions in economics. This new theory, called Non-expected utility theory, has gained attention due to inconsistencies between expected results and actual outcomes. The researchers explore how this alternative theory has evolved over time to provide a different perspective on decision-making processes.