Investigating Generalizations of Expected Utility Theory Using Experimental Data
From MaRDI portal
Publication:4319563
DOI10.2307/2951750zbMath0815.90040OpenAlexW1992558505MaRDI QIDQ4319563
Publication date: 11 January 1995
Published in: Econometrica (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.2307/2951750
Related Items (only showing first 100 items - show all)
Consistent inconsistencies? Evidence from decision under risk ⋮ Debiasing or regularisation? Two interpretations of the concept of `true preference' in behavioural economics ⋮ An optimal information acquisition model for competitive advantage in complex multiperspective environments ⋮ Violations of coalescing in parametric utility measurement ⋮ Learning from mistakes: What do inconsistent choices over risk tell us? ⋮ Range effects and lottery pricing ⋮ Fechner's strong utility model for choice among \(n > 2\) alternatives: risky lotteries, savage acts, and intertemporal payoffs ⋮ Preference reversals and probabilistic decisions ⋮ Noise and bias in eliciting preferences ⋮ Dominated choices in a simple game with large stakes ⋮ A parametric analysis of prospect theory's functionals for the general population ⋮ Stability of risk preferences and the reflection effect of prospect theory ⋮ A further critique of cumulative prospect theory and related approaches ⋮ Probability weighting and L-moments ⋮ Gambler's fallacy and imperfect best response in legislative bargaining ⋮ Consistency of determined risk attitudes and probability weightings across different elicitation methods ⋮ Min- and Max-induced rankings: an experimental study ⋮ Cumulative prospect theory's functional menagerie ⋮ Recasting a biologically motivated computational model within a Fechnerian and random utility framework ⋮ Investigation of stochastic preference theory using experimental data ⋮ Social motives vs. social influence: an experiment on interdependent time preferences ⋮ Violations of betweenness or random errors? ⋮ Rejecting small gambles under expected utility ⋮ Revealed preferences under uncertainty: incomplete preferences and preferences for randomization ⋮ Measuring time and risk preferences in an integrated framework ⋮ Loss aversion ⋮ The two faces of independence: betweenness and homotheticity ⋮ Individual and couple decision behavior under risk: evidence on the dynamics of power balance ⋮ Cardinal versus ordinal criteria in choice under risk with disconnected utility ranges ⋮ Probabilistic subjective expected utility ⋮ Probabilistic choice and stochastic dominance ⋮ Reference-dependent subjective expected utility. ⋮ Detecting heterogeneous risk attitudes with mixed gambles ⋮ (Sub) optimality and (non) optimal satisficing in risky decision experiments ⋮ Which decision theory? ⋮ Utility of a quarter-million ⋮ Non-linear mixed logit ⋮ Inferring beliefs as subjectively imprecise probabilities ⋮ The price for information about probabilities and its relation with risk and ambiguity ⋮ Risk aversion elicitation: reconciling tractability and bias minimization ⋮ European option pricing under cumulative prospect theory with constant relative sensitivity probability weighting functions ⋮ Measuring and comparing two kinds of rationalizable opportunity cost in mixture models ⋮ Axiomatization of stochastic models for choice under uncertainty ⋮ Choice consistency and strength of preference ⋮ Foresight, risk attitude, and utility maximization in naturalistic sequential high-stakes decision making ⋮ Risk behavior for gain, loss, and mixed prospects ⋮ Reconsidering the common ratio effect: the roles of compound independence, reduction, and coalescing ⋮ Estimating individual and group preference functionals using experimental data ⋮ Stochastic choice with deterministic preferences: ⋮ Employee-stock-options, production/service functions and game theory ⋮ An experimental investigation of violations of transitivity in choice under uncertainty ⋮ A simple non-parametric method for eliciting prospect theory's value function and measuring loss aversion under risk and ambiguity ⋮ Stochastic utility theorem ⋮ A second-generation disappointment aversion theory of decision making under risk ⋮ Luce arbitrates: stochastic resolution of inner conflicts ⋮ Accounting for noise in the microfoundations of information aggregation ⋮ Behavior in the centipede game: a decision-theoretical perspective ⋮ The effect of the background risk in a simple chance improving decision model ⋮ Quantal response equilibrium and overbidding in private-value auctions ⋮ A Bayesian approach to testing decision making axioms ⋮ On a batch matching system with impatient servers and boundedly rational customers ⋮ Probabilistic risk aversion with an arbitrary outcome set ⋮ Stronger utility ⋮ Preference reversals: the impact of truth-revealing monetary incentives ⋮ Modelling intransitive preferences: a random-effects approach ⋮ Expected utility theory and prospect theory: One wedding and a decent funeral ⋮ Error propagation in the elicitation of utility and probability weighting functions ⋮ Stochastic expected utility theory ⋮ Expected utility violations evolve under status-based selection mechanisms ⋮ Guest editorial. The economics and econometrics of risk: an introduction to the special issue ⋮ Global identification of risk preferences with revealed preference data ⋮ Mixture models of choice under risk ⋮ `Stochastically more risk averse': a contextual theory of stochastic discrete choice under risk ⋮ Evaluation of similarity models for expected utility violations ⋮ Are CEOs expected utility maximizers? ⋮ Contextual deliberation and the choice-valuation preference reversal ⋮ Modeling viewpoint shifts in probabilistic choice ⋮ Parametric weighting functions ⋮ A resolution of St. Petersburg paradox ⋮ A Bayesian method for characterizing population heterogeneity ⋮ A test of rank-dependent utility in the context of ambiguity ⋮ Learning to bid: the design of auctions under uncertainty and adaptation ⋮ Do people maximize quantiles? ⋮ How to extend a model of probabilistic choice from binary choices to choices among more than two alternatives ⋮ Behavioral premium principles ⋮ Changing the probability versus changing the reward ⋮ An application of Selten's measure of predictive success ⋮ Comparing theories of one-shot play out of treatment ⋮ From uniform expected utility to uniform rank-dependent utility: an experimental study ⋮ Fairness in risky environments: theory and evidence ⋮ Modelling the stochastic component of behaviour in experiments: Some issues for the interpretation of data ⋮ Why we should not be silent about noise ⋮ Regular quantal response equilibrium ⋮ Stochastic choice and the allocation of cognitive effort ⋮ Probability weighting for losses and for gains among smallholder farmers in Uganda ⋮ Random utility models and their applications: Recent developments ⋮ Loss averse behavior ⋮ Violations of the betweenness axiom and nonlinearity in probability ⋮ Comparing attitudes toward time and toward money in experience-based decisions ⋮ Do subjects separate (or are they sophisticated)?
This page was built for publication: Investigating Generalizations of Expected Utility Theory Using Experimental Data
