This question is related to this question about the machina


This question is related to this question about the Machina paradox and about the expected utility model. In this question, I'd like to know a little more about various or even competing ways of specifying utility and decision making. It'd be nice if we could formulate a list of different formulations. To start, I suppose there is the Von Neumann Morgenstern expected utility model, Savage's subjective expected utility model, or Prospect theory.

Is there anything else that is commonly used?

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Business Economics: This question is related to this question about the machina
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