Similar Search Results

Are decision errors explaining hyperbolic discounting and nonlinear probability weighting?

Holden, Stein Terje; Tione, Sarah; Tilahun, Mesfin; … - 2024

We study risky inter-temporal choice in a large random student sample (n=721) and a large rural sample (n=835) in Malawi. All respondents were exposed to the same 20 Multiple Choice Lists with a rapid elicitation method that facilitated the identification of near-future Certainty Equivalents of...

Persistent link: https://www.econbiz.de/10014581476

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

weak preference ordering. For choice under risk (resp. uncertainty), preferences are assumed to be represented by the … objectively (resp. subjectively) expected value of a von Neumann-Morgenstern utility function. For choice under risk, this implies …

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

Calibration of quantum decision theory, aversion to large losses and predictability of probabilistic choices

Vincent, Sabine; Jukalov, Vjačeslav I.; Kovalenko, Tatyana - 2016

a constant absolute risk aversion (CARA) function. This makes logit-CPT nested in our proposed parameterisation of QDT …

Persistent link: https://www.econbiz.de/10011516615

Shackle's analysis of choice under uncertainty : its strengths, weaknesses and potential synergies with rival approaches

Earl, Peter E. - In: Journal of Post Keynesian economics 46 (2023) 3, pp. 400-419

Persistent link: https://www.econbiz.de/10014391542

How affect shapes risky choices : distorted probability weighting versus probability neglect

Suter, Renata S.; Pachur, Thorsten; Hertwig, Ralph - In: Journal of behavioral decision making 29 (2016) 4, pp. 437-449

Persistent link: https://www.econbiz.de/10011625951

Stochastic dominance analysis without the independence axiom

Cerreia-Vioglio, Simone; Maccheroni, Fabio; Marinacci, … - In: Management science : journal of the Institute for … 63 (2017) 4, pp. 1097-1109

Persistent link: https://www.econbiz.de/10011672840

Stochastic dominance analysis without the independence axiom

Cerreia-Vioglio, Simone; Maccheroni, Fabio; Marinacci, … - 2015 - This version: June 23, 2015

Persistent link: https://www.econbiz.de/10011806081

Cumulative prospect theory version with fuzzy values of outcome estimates

Uzhga-Rebrov, Oleg; Grabusts, Peter - In: Risks : open access journal 9 (2021) 4, pp. 1-16

Choosing solutions under risk and uncertainty requires the consideration of several factors. One of the main factors in … choosing a solution is modeling the decision maker's attitude to risk. The expected utility theory was the first approach that … allowed to correctly model various nuances of the attitude to risk. Further research in this area has led to the emergence of …

Persistent link: https://www.econbiz.de/10012508716

Extreme outcomes accentuate overweighting of low probabilities and underweighting of high probabilities in experience-based choice

Elston, Thomas W.; Leuthold, Hartmut; Mackenzie, Ian G.; … - In: Journal of behavioral decision making 37 (2024) 2, pp. 1-13

Persistent link: https://www.econbiz.de/10014536448

Ignorance illusion in decisions under risk : the impact of perceived expertise on probability weighting

Baars, Maren; Goedde-Menke, Michael - In: The journal of risk & insurance 89 (2022) 1, pp. 35-62

Persistent link: https://www.econbiz.de/10012819705