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Quantum decision theory in simple risky choices

Favre, Maroussia; Wittwer, Amrei; Heinimann, Hans Rudolf; … - 2016

Quantum decision theory (QDT) is a recently developed theory of decision making based on the mathematics of Hilbert … decision making. QDT describes a decision maker's choice as a stochastic event occurring with a probability that is the sum of … an objective utility factor and a subjective attraction factor. QDT offers a prediction for the average effect of …

Persistent link: https://www.econbiz.de/10011514496

Expected utility with uncertain probabilities theory

Izhakian, Yehuda - In: Journal of mathematical economics 69 (2017), pp. 91-103

Persistent link: https://www.econbiz.de/10011825902

Stochastic choice and preference reversals

Alós-Ferrer, Carlos; Buckenmaier, Johannes; Garagnani, … - 2020 - This version: December 7th, 2020

The preference reversal phenomenon is one of the most important, long-standing, and widespread anomalies contradicting economic models of decisions under risk. It describes the robust observation of frequent "standard reversals" where long-shot gambles are valued above moderate ones but then the...

Persistent link: https://www.econbiz.de/10012390055

Chapter 2. Rationality and Dynamic Consistency Under Risk and Uncertainty

Hammond, Peter J.; Zank, Horst - In: Handbook of the economics of risk and uncertainty : volume 1, (pp. 41-97). 2014

concerning behavior in decision trees. Following Cubitt (1996) , these principles include dynamic consistency, separability, and … subtrees as well as entire decision trees. Examples of behavior violating these principles are also reviewed, as are possible …

Persistent link: https://www.econbiz.de/10014025530

Chapter 1. Axiomatic Foundations of Expected Utility and Subjective Probability

Karni, Edi - In: Handbook of the economics of risk and uncertainty : volume 1, (pp. 1-39). 2014

This chapter provides a critical review of the theories of decision making under risk and under uncertainty and the …

Persistent link: https://www.econbiz.de/10014025531

Comment on "A theoretical foundation of ambiguity measurement" [J. Econ. Theory 187 (2020) 105001]

Fu, Ruonan; Melenberg, Bertrand; Schweizer, Nikolaus - In: Journal of economic theory 207 (2023), pp. 1-22

Persistent link: https://www.econbiz.de/10013555099

The impact of middle outcomes on lottery valuations

Kontek, Krzysztof; Birnbaum, Michael H. - In: Journal of behavioral and experimental economics 78 (2019), pp. 30-44

Persistent link: https://www.econbiz.de/10012240245

Alternative utility functions : review, analysis and comparison

Harel, Arie; Francis, Jack Clark; Harpaz, Giora - In: Review of quantitative finance and accounting 51 (2018) 3, pp. 785-811

Persistent link: https://www.econbiz.de/10012038397

Very low probabilities in the loss domain

Hajimoladarvish, Narges - In: The Geneva risk and insurance review 42 (2017) 1, pp. 41-58

Persistent link: https://www.econbiz.de/10011665639

Bringing (contingent) loss aversion down to earth : a comment on Gal & Rucker's rejection of "losses loom larger than gains"

Simonson, Itamar; Kivetz, Ran - In: Journal of consumer psychology : JCP : the official … 28 (2018) 3, pp. 517-522

Persistent link: https://www.econbiz.de/10011917328