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Risk aversion elicitation: reconciling tractability and bias minimization
Abdellaoui, Mohammed; Driouchi, Ahmed; Olivier L’Haridon - In: Theory and Decision 71 (2011) 1, pp. 63-80
Persistent link: https://www.econbiz.de/10009150231
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In Dubio Pro Reo. Behavioral explanations of pro-defendant bias in procedures
Nicita, Antonio; Rizzolli, Matteo - Dipartimento di Economia Politica e Statistics, … - 2012
The standard model of optimal deterrence predicts that the probability of wrongful conviction of the innocent is, at the margin, as detrimental to deterrence as the wrongful acquittal of guilty individuals. We extend the model in several directions: using expected utility as well as nonexpected...
Persistent link: https://www.econbiz.de/10010552859
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In Dubio Pro Reo. Behavioral explanations of pro-defendant bias in procedures
Nicita, Antonio; Rizzolli, Matteo - Facoltà di Economia / Wirtschaftswissenschaftliche … - 2013
The standard model of optimal deterrence predicts that the probability of wrongful conviction of the innocent is, at the margin, as detrimental to deterrence as the probability of wrongful acquittal of guilty individuals. We extend the model in several directions: using expected utility as well...
Persistent link: https://www.econbiz.de/10010897151
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ПРОБЛЕМА ПРИНЯТИЯ ИНВЕСТИЦИОННЫХ РЕШЕНИЙ С ТОЧКИ ЗРЕНИЯ ПРАКТИКИ ПОВЕДЕНЧЕСКИХ ФИНАНСОВ
ГРИШИНА Н.П. - In: ВЕСТНИК САРАТОВСКОГО … (2012) 3, pp. 16-20
В статье представлены основы теории поведенческих финансов, главной из которых является теория перспектив Д. Канемана и А. Тверски, определены предпосылки ее...
Persistent link: https://www.econbiz.de/10011236409
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Joint measurement of risk aversion, prudence, and temperance
Ebert, Sebastian; Wiesen, Daniel - In: Journal of Risk and Uncertainty 48 (2014) 3, pp. 231-252
study of economic decision making. We propose a method to jointly measure the intensity of risk aversion, prudence, and … temperance. Our theoretical approach is to define risk compensations of different orders, and in an experiment we elicit these …. In contrast to commonly used utility functions, prospect theory can predict this behavioral pattern. In our experiment …
Persistent link: https://www.econbiz.de/10010987807
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The role of emotions on risk aversion: A Prospect Theory experiment
Campos-Vazquez, Raymundo M.; Cuilty, Emilio - In: Journal of Behavioral and Experimental Economics … 50 (2014) C, pp. 1-9
This study measures risk and loss aversion using Prospect Theory and examines the impact of emotions on these parameters. Students’ emotions were manipulated using information on rising deaths due to drug violence in Mexico and youth unemployment and Tanaka et al. (2010) methodology was...
Persistent link: https://www.econbiz.de/10011220527
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The role of emotions on risk aversion: a prospect theory experiment
Campos-Vazquez, Raymundo M.; Cuilty, Emilio - Centro de Estudios Económicos, Colegio de México - 2013
controlled experiment at two universities in Mexico City, using uncompensated students as research subjects, found results …
Persistent link: https://www.econbiz.de/10010686703
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The Role of Emotions on Risk Aversion: A prospect theory experiment
Campos-Vazquez, Raymundo M.; Cuilty, Emilio - Volkswirtschaftliche Fakultät, … - 2013
controlled experiment at two universities in Mexico City, using uncompensated students as research subjects, found results …
Persistent link: https://www.econbiz.de/10011111868
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A short-but-efficient test for overconfidence and prospect theory. Experimental validation
Peon, David; Calvo, Anxo; Antelo, Manel - Volkswirtschaftliche Fakultät, … - 2014
Two relevant areas in the behaviorist literature are prospect theory and overconfidence. Many tests are available to …, overplacement and overprecision as measures of overconfidence. Those tests are suitable to deal with single manifestations but often … and overconfidence. We conduct an experimental research with 126 students to validate the tests, revealing they are …
Persistent link: https://www.econbiz.de/10011111828
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Testing Prospect Theories Using Probability Tradeoff Consistency
Wu, George; Zhang, Jiao; Abdellaoui, Mohammed - In: Journal of Risk and Uncertainty 30 (2005) 2, pp. 107-131
The two versions of prospect theory, original prospect theory (OPT; Kahneman and Tversky, 1979) and cumulative prospect theory (CPT; Tversky and Kahneman, 1992), use different composition rules to combine the value function and the probability weighting function and hence value gambles with two...
Persistent link: https://www.econbiz.de/10005678191