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How mindless is standard economics really?
Schipper, Burkhard - 2009
Contrary to claims by Gul and Pesendorfer (2008), I show that standard economics makes use of non-choice evidence in a meaningful way. This is because standard economics solely grounded in the theory of choice is "incomplete". That is, it has content that can not be revealed with any general...
Persistent link: https://www.econbiz.de/10003894920
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Bayesian learning in unstable settings : experimental evidence based on the bandit problem
Payzan Le Nestour, Elise - 2010
When asset returns are unstable, investment performance directly depends on learning about their patterns optimally. Without optimal learning, strong investment performance is not possible. Yet, optimal learning is often considered too complex for investors to achieve. In order to test this...
Persistent link: https://www.econbiz.de/10003980009
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Ambiguity Aversion and Familiarity Bias : Evidence from Behavioral and Gene Association Studies
Chew, Soo Hong; Ebstein, Richard P.; Zhong, Songfa - 2011
It is increasingly recognized that decision making under uncertainty does not depend only on probabilities, but also on psychological factors. People display ambiguity aversion in preferring to bet on events with known probabilities rather than those for which probabilities are not known. People...
Persistent link: https://www.econbiz.de/10014180207
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Expected subjective value theory (ESVT) : a representation of decision under risk and certainty
Glimcher, Paul W.; Tymula, Agnieszka - In: Journal of economic behavior & organization : JEBO 207 (2023), pp. 110-128
Persistent link: https://www.econbiz.de/10014282003
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The foundations of behavioral economic analysis
Dhami, Sanjit S. - 2016 - First edition
This is the first definitive introduction to behavioral economics aimed at advanced undergraduate and postgraduate students. Authoritative, cutting edge, yet accessible, it guides the reader through theory and evidence, providing engaging and relevant applications throughout
Persistent link: https://www.econbiz.de/10011485040
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The foundations of behavioral economic analysis
Dhami, Sanjit S. - 2016
expected utility theory (EU) -- 1.2.2 Attitudes to risk under EU …1.3 Subjective expected utility theory (SE -- 1.4 Eliciting the utility function under EU -- 1.4.1 The case of known … probabilities -- 1.4.2 The case of unknown probabilities -- 1.5 Violations of expected utility theory -- 1.5.1 Violations of the …
Persistent link: https://www.econbiz.de/10011842941
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Nonparametric identification and estimation in a generalized Roy model
Bayer, Patrick J.; Khan, Shakeeb; Timmins, Christopher - 2008
-pecuniary component of utility associated with each choice alternative. Previous work has found that, without parametric restrictions or …-pecuniary component of utility associated with each choice alternative. We develop nonparametric estimators corresponding to two …
Persistent link: https://www.econbiz.de/10003715904
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Risk preferences are not time preferences : discounted expected utility with a disproportionate preference for certainty
Andreoni, James; Sprenger, Charles - 2010
Persistent link: https://www.econbiz.de/10008662942
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An axiomatic basis for multiattribute value functions defined on binary attributes
Deutsch, Stuart Jay; Malmborg, Charles J. - In: European journal of operational research : EJOR 23 (1986) 1, pp. 94-99
Persistent link: https://www.econbiz.de/10003525070
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Multiattribute preference models with reference points
Bouyssou, Denis; Marchant, Thierry - In: European journal of operational research : EJOR 229 (2013) 2, pp. 470-481
Persistent link: https://www.econbiz.de/10009757974