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Eliciting probabilities, means, medians, variances and covariances without assuming risk neutrality

Schlag, Karl H.; Weele, Joël J. van der - In: Theoretical economics letters 3 (2013) 1, pp. 38-42

Persistent link: https://www.econbiz.de/10010239039

Is probability weighting sensitive to the magnitude of consequences? : An experimental investigation on losses

Etchart-Vincent, Nathalie - In: Journal of risk and uncertainty : JRU 28 (2004) 3, pp. 217-235

Persistent link: https://www.econbiz.de/10002099682

The Influence of Probability on Risky Choice : A Parametric Examination

Lattimore, Pamela K. - 2010

The appeal of expected utility theory as a basis for a descriptive model of risky decision making has diminished is a …

Persistent link: https://www.econbiz.de/10012760030

The Influence Of Probability on Risky Choice : A parametric Examination

Lattimore, Pamela K. - 1992

The appeal of expected utility theory as a basis for a descriptive model of risky decision making has diminished is a …

Persistent link: https://www.econbiz.de/10012474843

Poverty and uncertainty attitudes

Gonzalez Jimenez, Victor H. - 2024

This paper demonstrates that well-established biases in decision making under uncertainty can generate poverty traps. A theoretical framework is developed to demonstrate that: i) probability weighting and ambiguity attitude can lead individuals to erroneously undervalue profitable investments,...

Persistent link: https://www.econbiz.de/10015062969

Gender differences in weighing probability and payoffs in risky prospects : experimental evidence from Malaysia

Ch'ng, Kean Siang; Narayanan, Suresh; Lin, Tan Scaik - In: New Zealand economic papers 55 (2021) 3, pp. 263-276

Persistent link: https://www.econbiz.de/10012694077

Separating attitudes towards money from attitudes towards probabilities : stake effects and ambiguity as a test for prospect theory

Vieider, Ferdinand M.; Cingl, Lubomír; Martinsson, Peter; … - 2013

Prospect theory (PT) is the dominant descriptive theory of decision making under risk today. For the modeling of … experiments. In the first experiment, we elicit the value and probability weighting functions both under known and unknown … probability transformations rather than utility transformations. In the second experiment, we examine the effects of an increase …

Persistent link: https://www.econbiz.de/10009792472