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Expected utility theory with imprecise probability perception : explaining preference reversals

Bayrak, Oben K.; Hey, John Denis - In: Applied economics letters 24 (2017) 13/15, pp. 906-910

Persistent link: https://www.econbiz.de/10011714395

A strictly-concave, non-spliced, Giffen-compatible utility function

Biederman, Daniel K. - In: Economics letters 131 (2015), pp. 24-28

Persistent link: https://www.econbiz.de/10011422522

A variant of the Slutsky equation in a dynamical account based model

Sedaghat, Hassan - In: Economics letters 50 (1996) 3, pp. 367-371

Persistent link: https://www.econbiz.de/10001197800

All λ-separable demands and rationalizing utility functions

Ligon, Ethan - In: Economics letters 147 (2016), pp. 16-18

Persistent link: https://www.econbiz.de/10011619291

The origin of prospect theory, or testing the intuitive statistician

Heukelom, Floris - 2005

The origin of prospect theory is the desire to test the intuitive statistician in the real world. The development of this theory by the cognitive psychologists Kahneman and Tversky can be traced to the former's work in cognitive psychophysics, in which deviations from average behavior are termed...

Persistent link: https://www.econbiz.de/10011346453

Nonparametric estimation of utility function in first-price sealed-bid auctions

Kim, Dong-hyuk - In: Economics letters 126 (2015), pp. 101-106

Persistent link: https://www.econbiz.de/10011376431

Risk aversion under preference uncertainty

Kräussl, Roman; Lucas, André; Siegmann, Adriaan Hendrik - 2010

Persistent link: https://www.econbiz.de/10008771804

Risk aversion under preference uncertainty

Kräussl, Roman; Lucas, André; Siegmann, Adriaan Hendrik - 2010

We show that if an agent is uncertain about the precise form of his utility function, his actual relative risk aversion … may depend on wealth even if he knows his utility function lies in the class of constant relative risk aversion (CRRA …) utility functions. We illustrate the consequences of this result for asset allocation: poor agents that are uncertain about …

Persistent link: https://www.econbiz.de/10011382430

Interpreting the results of empirical analyses of intertemporal allocation : an identification problem

Browning, Martin James - In: Economics letters 56 (1997) 1, pp. 41-44

Persistent link: https://www.econbiz.de/10001226455

A weak utility function for acyclic preferences

Peris, Josep E. - In: Economics letters 48 (1995) 1, pp. 21-24

Persistent link: https://www.econbiz.de/10001185479