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We propose a model of history-dependent risk attitude, allowing a decision maker’s risk attitude to be affected by his history of disappointments and elations. The decision maker recursively evaluates compound risks, classifying realizations as disappointing or elating using a threshold rule....
Persistent link: https://www.econbiz.de/10010822906
We propose a model of history-dependent risk attitude (HDRA), allowing the attitude of a decision-maker (DM) towards risk at each stage of a T-stage lottery to evolve as a function of his history of disappointments and elations in prior stages. We establish an equivalence between the existence...
Persistent link: https://www.econbiz.de/10008830118
Attracting and retaining public transport users is fundamental to a number of land use and transport policy objectives which seek to reduce single-occupant vehicle travel. Understanding the psychological processes underlying unfamiliar public transport use may assist in achieving this aim. This...
Persistent link: https://www.econbiz.de/10011155189
We study a model of primacy effect on individual's attitude. Typically, when receiving a strong negative feature first, the individual keeps a negative attitude whatever the number of moderate positive features it receives afterwards. We consider a population of individuals, which receive the...
Persistent link: https://www.econbiz.de/10005518595
A choice function is \textit{list rational(izable)}, if there is a fixed \textit{list} such that for each \textit{choice … the formulation of list rationality to stochastic choice setup. We say two alternatives are related if the \textit …{stochastic path independence condition} is violated between these alternatives. We show that a random choice function is list rational …
Persistent link: https://www.econbiz.de/10011599578
Emil Struck (* 1857 Gollnow, † 1897 Greifswald) war seit dem 1.10.1883 als Dozent bzw. seit dem 1.10.1884 als Professor für Nationalökonomie an der Technischen Hochschule Aachen tätig. Zum 1.4.1888 wechselte er an die Universität Greifswald.
Persistent link: https://www.econbiz.de/10009467395
century. This includesthe definition of equality, a procedure for generating and revising a list ofcentral and valuable …
Persistent link: https://www.econbiz.de/10009354001
Persistent link: https://www.econbiz.de/10011500661
Persistent link: https://www.econbiz.de/10012388539
A choice function is \textit{list rational(izable)}, if there is a fixed \textit{list} such that for each \textit{choice … the formulation of list rationality to stochastic choice setup. We say two alternatives are related if the \textit …{stochastic path independence condition} is violated between these alternatives. We show that a random choice function is list rational …
Persistent link: https://www.econbiz.de/10011672005