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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
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Almost stochastic dominance for most risk-averse decision makers
Luo, Chunling; Tan, Chin Hon - In: Decision analysis : a journal of the Institute for … 17 (2020) 2, pp. 169-184
Persistent link: https://www.econbiz.de/10012249957
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Quantum decision theory augments rank-dependent expected utility and cumulative prospect theory
Ferro, Giuseppe M.; Kovalenko, Tatyana; Sornette, Didier - In: Journal of economic psychology : research in economic … 86 (2021), pp. 1-21
Persistent link: https://www.econbiz.de/10013252989
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Ambiguity framed
Schneider, Mark; Leland, Jonathan W.; Wilcox, Nathaniel T. - In: Journal of risk and uncertainty : JRU 57 (2018) 2, pp. 133-151
Persistent link: https://www.econbiz.de/10012022907
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Conditions for quantum interference in cognitive sciences
Jukalov, Vjačeslav I.; Sornette, Didier - 2013
We present a general classification of the conditions under which cognitive science, concerned e.g. with decision … under uncertainty. Conditions for the appearance of quantum interference in cognitive sciences and the conditions when … interference cannot arise are formulated …
Persistent link: https://www.econbiz.de/10009751180
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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
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Aging population, retirement, and risk taking
Levy, Haim - In: Management science : journal of the Institute for … 62 (2016) 5, pp. 1415-1430
Persistent link: https://www.econbiz.de/10011487528
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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
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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
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Chapter 17. Ambiguity and Nonexpected Utility
Karni, Edi; Maccheroni, Fabio; Marinacci, Massimo - In: Handbook of game theory with economic applications : …, (pp. 901-947). 2015
This chapter reviews developments in the theory of decision making under risk and uncertainty, focusing on models that … first part reviews models of decision making under risk that depart from the independence axiom, focusing on the rank …-dependent utility models and cumulative prospect theory. The second part reviews theories of decision making under uncertainty that …
Persistent link: https://www.econbiz.de/10014025442