УДОСКОНАЛЕННЯ ДЕСКРИПТИВНИХ ВЛАСТИВОСТЕЙ МОДЕЛЕЙ У ТЕОРІЇ КОРИСНОСТІ

Abstract

Modern utility theory deals with individual’s behavior in risk and uncertainty. Utility theory is characterized by normative-descriptive dualism which reveals as inconsistencies between predictions of the theory and empirical facts. For this reason the improving of descriptive values of the models in utility theory becomes more and more important. Such inconsistencies can be fixed by double weighting mechanism which was suggested in the article. By using this mechanism it is possible to quality improve the descriptive value of suggested model (DRDEU). By virtue of double weighting mechanism, DRDEU model can predict violation of FSD (First stochastic order dominance). This model can be used in predicting of individual’s behavior in risk and uncertainty in different areas (evasion of the taxes, fare evasion and other economic crimes).

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