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Buying and Selling Price for Risky Lotteries and Expected Utility Theory with Gambling Wealth
Lewandowski, Michał - 2012
wealth is allowed to be small and interpreted narrowly as gambling wealth, classic preference reversal is not possible within …
Persistent link: https://www.econbiz.de/10014162691
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Payoff Kinks in Preferences Over Lotteries
Machina, Mark J. - 2000
This paper identifies two distinct types of payoff kinks that can be exhibited by preference functions over monetary lotteries - "locally separable" vs. "locally nonseparable" - and illustrates their relationship to the payoff and probability derivatives of such functions. Expected utility and...
Persistent link: https://www.econbiz.de/10014144644
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On the Necessity of Using Lottery Qualities
Alarie, Yves; Dionne, Georges - 2004
The aim of this paper is to propose a model of decision-making for lotteries. The key element of the theory is the use … account for lottery evaluation. Our contribution explains the major violations of the expected utility theory for decisions on …
Persistent link: https://www.econbiz.de/10014071196
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Expected utility with threshold disappointment sensitivity
Honda, Edward - In: Economics letters 213 (2022), pp. 1-4
Persistent link: https://www.econbiz.de/10013442124
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Note about the different characterizations of the expectedutility theorem
Flores Zarur, Karla; Olvera López, William José; … - In: Estudios económicos 38 (2023) 1, pp. 167-181
Persistent link: https://www.econbiz.de/10014280120
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Schumpeter lecture 2023 : rationality and zero risk
Gilboa, Itzhak; Minardi, Stefania; Wang, Fan - In: Journal of the European Economic Association : JEEA 22 (2024) 1, pp. 1-33
Persistent link: https://www.econbiz.de/10014526986
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"Let me dream on!" : anticipatory emotions and preference for timing in lotteries
Kocher, Martin; Krawczyk, Michal; Winden, Frans A. A. M. van - 2009 - This version: September 2009
emotions. This conjecture is tested in an experiment with real lottery tickets. We show that our theoretical considerations may …
Persistent link: https://www.econbiz.de/10011379382
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Loss aversion? Not with half-a-million on the table!
Blavatskyy, Pavlo; Pogrebna, Ganna - 2006
Persistent link: https://www.econbiz.de/10003338194
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Testing the predictions of decision theories in a natural experiment when half a million is at stake
Blavatskyy, Pavlo; Pogrebna, Ganna - 2006
Persistent link: https://www.econbiz.de/10003338198
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The influence of fear in decisions : experimental evidence
Chanel, Olivier; Chichilnisky, Graciela - In: Journal of risk and uncertainty : JRU 39 (2009) 3, pp. 271-298
Persistent link: https://www.econbiz.de/10003934159