Calibration without reduction for non-expected utility

DOI10.1016/J.JET.2015.03.007MaRDI QIDQ896935zbMATH OpenOpenAlexFDO

Authors N. E. Zubov

Publication date 15 December 2015

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jet.2015.03.007

zbMATH Keywords

calibrationrisk aversionrecursive preferencesnon-expected utility theories

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16)

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• Risk aversion in the small and in the large: Calibration results for betweenness functionals
• Small- and large-stakes risk aversion: Implications of concavity calibration for decision theory
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Cites work

• "Expected Utility" Analysis without the Independence Axiom
• A Theory of Disappointment Aversion
• An axiomatic characterization of preferences under uncertainty: Weakening the independence axiom
• Axiomatic utility theories with the betweenness property
• Calibration Results for Non-Expected Utility Theories
• Constant risk aversion
• Ellsberg Revisited: An Experimental Study
• First order versus second order risk aversion
• On the economic meaning of Machina's Fréchet differentiability assumption
• Preferences for one-shot resolution of uncertainty and Allais-type behavior
• Prospect Theory: An Analysis of Decision under Risk
• Risk aversion in the small and in the large: Calibration results for betweenness functionals
• Risk aversion in the theory of expected utility with rank dependent probabilities
• The Dual Theory of Choice under Risk
• Two-Stage Lotteries without the Reduction Axiom
• Violations of the betweenness axiom and nonlinearity in probability

Cited in

(7)

• Risk aversion in the small and in the large: Calibration results for betweenness functionals
• A verification of the expected utility calibration theorem
• Rabin's calibration theorem revisited
• Small- and large-stakes risk aversion: Implications of concavity calibration for decision theory
• Risk taking with background risk under recursive rank-dependent utility
• Calibration Results for Non-Expected Utility Theories
• Unexpected utility paradoxes

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