During Michaelmas Term, OxTalks will be moving to a new platform (full details are available on the Staff Gateway).
For now, continue using the current page and event submission process (freeze period dates to be advised).
If you have any questions, please contact halo@digital.ox.ac.uk
Decision-makers often use procedures to evaluate risky prospects. This paper focuses on the procedure of merging separate outcomes. I offer a procedural foundation for expected utility and models of rank-dependence, betweenness, and complexity aversion. Expected utility is characterized by uniformity and costlessness of the procedure across prospects. Relaxing uniformity characterizes rank-dependence and betweenness, while relaxing costlessness characterizes complexity aversion.