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Analysis of approaches to modelling of attitude to risk in normative decision making methods
Uzgha-Rebrov, Oleg; Karaseva, Ekaterina - In: International journal of risk assessment and management … 21 (2018) 1, pp. 21-41
Persistent link: https://www.econbiz.de/10011882688
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Deal or no deal? : decision-making under risk in a large-payoff game show
Post, Thierry; Baltussen, Guido; Assem, Martijn J. van den - 2006
outcomes experienced during the game. Risk aversion decreases after earlier expectations have been shattered by unfavorable …
Persistent link: https://www.econbiz.de/10011348343
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A second-generation disappointment aversion theory of decision making under risk
Blavatskyy, Pavlo - In: Theory and decision : an international journal for … 84 (2018) 1, pp. 29-60
Persistent link: https://www.econbiz.de/10011939647
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Risk attitudes in axiomatic decision theory : a conceptual perspective
Baccelli, Jean - In: Theory and decision : an international journal for … 84 (2018) 1, pp. 61-82
Persistent link: https://www.econbiz.de/10011939648
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Eliciting prospect theory when consequences are measured in time units : "time is not money"
Abdellaoui, Mohammed; Kemel, Emmanuel - In: Management science : journal of the Institute for … 60 (2014) 7, pp. 1844-1859
Persistent link: https://www.econbiz.de/10010399420
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Stochastic choice and preference reversals
Alós-Ferrer, Carlos; Buckenmaier, Johannes; Garagnani, … - 2020 - This version: December 7th, 2020
economic models of decisions under risk. It describes the robust observation of frequent "standard reversals" where long … choice and risk aversion, without invoking any behavioral bias. The original phenomenon arises from stochastic choice and a … higher risk aversion strengthens its reversal. Surprisingly, our analysis implies that the magnitude of the original …
Persistent link: https://www.econbiz.de/10012390055
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The standard model of rational risky decision-making
Falahati, Kazem - In: Journal of risk and financial management : JRFM 14 (2021) 4, pp. 1-22
Expected utility theory (EUT) is currently the standard framework which formally defines rational decision-making under risky conditions. EUT uses a theoretical device called von Neumann-Morgenstern utility function, where concepts of function and random variable are employed in their...
Persistent link: https://www.econbiz.de/10012520657
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Theory of generalized risk attitudes
Gustafsson, Janne - In: Decision analysis : a journal of the Institute for … 12 (2015) 4, pp. 205-227
Persistent link: https://www.econbiz.de/10011421391
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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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Prospect theory versus expected utility theory : assumptions, predictions, intuition and modelling of risk attitudes
Lewandowski, Michał - In: Central European journal of economic modelling and … 9 (2017) 4, pp. 275-321
Persistent link: https://www.econbiz.de/10011929589