long horizons. We present an experiment comparing decision making under certainty, risk, and ambiguity, over a shorter …

In confidence theory, the decision maker relies on statistical regularities from the economic environment to adopt … formation in choice under risk. Three novel experiments are presented that demonstrate the ability of the new theory to explain … confidence theory is an elaboration of Viscusi's prospective reference theory and accounts for the robust violations of expected …

Expected Utility Theory -- Alternative Descriptive Models -- A Positivistic Test of EU Theory -- An Experimental Study … undertaken regarding the descrip­ tive validity of expected utility theory as a model of choice under uncer­ tainty. His …

This book is written for those seeking a decision theory appropriate for use in serious choices such as insurance. It … standard decision theories like expected utility or cumulative prospect theory. …This book is written for those seeking a decision theory appropriate for use in serious choices such as insurance. It …