Violations of the betweenness axiom and nonlinearity in probability

DOI10.1007/BF01065371zbMath0925.90038OpenAlexW2042695214WikidataQ55968917 ScholiaQ55968917MaRDI QIDQ1322512

Teck-Hua Ho, Colin F. Camerer

Publication date: 8 November 1999

Published in: Journal of Risk and Uncertainty (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/bf01065371

Mathematics Subject Classification ID

Utility theory (91B16)

Related Items (88)

Composition rules in original and cumulative prospect theory ⋮ Violations of betweenness and choice shifts in groups ⋮ Probability weighting, stop-loss and the disposition effect ⋮ Inverse S-shaped probability weighting functions in first-price sealed-bid auctions ⋮ The projective independence axiom ⋮ Comonotonic independence: The critical test between classical and rank- dependent utility theories ⋮ Growth trends, cyclical fluctuations, and welfare with non-expected utility preferences ⋮ Estimating risk preferences of bettors with different bet sizes ⋮ A parametric analysis of prospect theory's functionals for the general population ⋮ Stability of risk preferences and the reflection effect of prospect theory ⋮ Axiomatization of a preference for most probable winner ⋮ Probability weighting and L-moments ⋮ Gambler's fallacy and imperfect best response in legislative bargaining ⋮ Decision making generalized by a cumulative probability weighting function ⋮ Prospect theory–based portfolio optimization: an empirical study and analysis using intelligent algorithms ⋮ A monotone model of intertemporal choice ⋮ Cumulative prospect theory's functional menagerie ⋮ Probabilistic choice as a consequence of nonlinear (sub) optimization ⋮ On the potential for observational equivalence in experiments on risky choice when a power value function is assumed ⋮ The representative bettor, bet size, and prospect theory ⋮ Modeling uncertainty in multi-criteria decision analysis ⋮ Violations of betweenness or random errors? 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