-Expected Utility theories, we strongly reject Prospect Theory probability weighting, we support disappointment aversion if amended to …

tenets of EUT. In this paper, we explore the influence of probability on risky choice. by proposing and estimating a … parametric model of risky decision making. Our results suggest that models which provide for probability transformations are most …-range probability than is proposed by the expected utility model and risk-seeking behavior over "long-shot" odds is common …

utility model, a subjective expected utility model and a probability-transform model. We find that the four models considered … largest number of subjects is consistent with a probability-transform model. Such models have only been developed recently and …

unpredictable phenomena can be captured accurately by probability distributions, organizational scholars commonly treat the …

disasters. When the probability of a disaster is high enough, the coordination game becomes like a prisoner's dilemma situation … derive an upper bound on the disaster probability, we derive asset pricing implications including the disaster premium, and …