Dynamic decision making when risk perception depends on past experience

DOI10.1007/S11238-007-9061-3MaRDI QIDQ928764zbMATH OpenOpenAlexWikidataFDO

Authors Michèle Cohen, Johanna Etner, Meglena Jeleva

Publication date 11 June 2008

Published in Theory and Decision (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s11238-007-9061-3

zbMATH Keywords

dynamic decision makingpast experiencerank dependent utility modelrecursive modelrisk perception

Mathematics Subject Classification ID

Decision theory (91B06)

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Cites work

• Buying insurance for disaster-type risks: Experimental evidence
• Comonotonicity axioms and rank-dependent expected utility theory for arbitrary consequences
• Comparative statics for rank-dependent expected utility theory
• Intertemporal Asset Pricing under Knightian Uncertainty
• Intertemporal substitution, risk aversion and ambiguity aversion
• Psychological expected utility theory and anticipatory feelings
• Recursive multiple-priors.
• Recursive smooth ambiguity preferences
• Temporal Resolution of Uncertainty and Dynamic Choice Theory
• The demand for flood insurance: Empirical evidence
• The Dual Theory of Choice under Risk
• The framing of decisions and the psychology of choice

Cited in

(7)

• Aspirations as reference points: an experimental investigation of risk behavior over time
• Towards Approximation of Risk
• Dynamic Decision Making When Risk Perception Depends on Past Experience
• Are bygones bygones?
• Risk perception, risk attitude, and decision: a rank-dependent analysis
• Dynamic decision-making when ambiguity attitudes depend on exogenous events
• History-dependent risk attitude

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