Options traders exhibit subadditive decision weights
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Cites work
- Advances in prospect theory: cumulative representation of uncertainty
- Ambiguity Aversion and Comparative Ignorance
- An axiomatization of cumulative prospect theory
- Continuous subjective expected utility with non-additive probabilities
- Curvature of the Probability Weighting Function
- Expected utility with purely subjective non-additive probabilities
- Prospect Theory: An Analysis of Decision under Risk
- Rank- and sign-dependent linear utility models for finite first-order gambles
- Risk Attitudes and Decision Weights
- Subjective Probability and Expected Utility without Additivity
- The Dual Theory of Choice under Risk
Cited in
(22)- Mood and Judgment of Subjective Probabilities: Evidence from the U.S. Index Option Market
- A life-cycle model with ambiguous survival beliefs
- A theory of belief.
- Contrasting stochastic and support theory accounts of subadditivity
- Propensity for hedging and ambiguity aversion
- Experimental evidence on the relationship between perceived ambiguity and likelihood insensitivity
- Processing information in quantum decision theory
- DISPLAYING UNCERTAIN INFORMATION ABOUT PROBABILITY: EXPERIMENTAL EVIDENCE
- A simple model of cumulative prospect theory
- Quantum-like generalization of the Bayesian updating scheme for objective and subjective mental uncertainties
- Uncertainty aversion vs. competence: An experimental market study
- Eliciting decision weights by adapting de Finetti's betting-odds method to prospect theory
- Market failure in light of non-expected utility
- Survival risks, intertemporal consumption, and insurance: the case of distorted probabilities
- The influence of probabilities on the response mode bias in utility elicitation
- Reconciling support theory and the book-making principle
- A simple test of expected utility theory using professional traders
- Dutch books: Avoiding strategic and dynamic complications, and a comonotonic extension
- Emotion and knowledge in decision making under uncertainty
- Decision theory with prospect interference and entanglement
- A foundation for support theory based on a non-Boolean event space
- Do trade union leaders violate subjective expected utility? some insights from experimental data
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