A microeconometric test of alternative stochastic theories of risky choice

From MaRDI portal
Publication:1349047

DOI10.1023/A:1014094209265zbMath1051.91046OpenAlexW2095919822MaRDI QIDQ1349047

Robert Sugden, Graham Loomes, Peter G. Moffatt

Publication date: 21 May 2002

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

Full work available at URL: https://doi.org/10.1023/a:1014094209265



Lua error in Module:PublicationMSCList at line 37: attempt to index local 'msc_result' (a nil value).


Related Items (47)

Consistent inconsistencies? Evidence from decision under riskIncomplete risk attitudes and random choice behavior: an elicitation mechanismReconciling introspective utility with revealed preference: experimental arguments based on prospect theoryLearning from mistakes: What do inconsistent choices over risk tell us?Noise and bias in eliciting preferencesExperience in public goods experimentsDominated choices in a simple game with large stakesEvaluating decision maker ``type under \(p\)-additive utility representationsTowards a general class of parametric probability weighting functionsA Tailor-Made Test of Intransitive ChoiceLearning in the Allais paradoxCumulative prospect theory's functional menagerieA Refinement of Logit Quantal Response EquilibriumThe experimetrics of public goods: inferring motivations from contributionsWhen Risk Perception Gets in the Way: Probability Weighting and UnderpreventionIndividual differences in the algebraic structure of preferencesEmpirical underidentification in estimating random utility models: The role of choice sets and standardizationsCardinal versus ordinal criteria in choice under risk with disconnected utility rangesProbabilistic choice and stochastic dominanceReference-dependent subjective expected utility.Irresolute choice behaviorWhich decision theory?The econometric modelling of social preferencesEuropean option pricing under cumulative prospect theory with constant relative sensitivity probability weighting functionsRisk behavior for gain, loss, and mixed prospectsThird-generation prospect theoryStochastic utility theoremA second-generation disappointment aversion theory of decision making under riskThe effect of the background risk in a simple chance improving decision modelStronger utilityStochastic expected utility theoryDoes learning diminish violations of independence, coalescing and monotonicity?The attraction effect and its explanationsMixture models of choice under risk`Stochastically more risk averse': a contextual theory of stochastic discrete choice under riskWhy do people prefer randomisation? An experimental investigationThe beta stochastic utility (β-SU)Modeling viewpoint shifts in probabilistic choiceA resolution of St. Petersburg paradoxBehavioral premium principlesChanging the probability versus changing the rewardInvestigating risky choices over losses using experimental dataModelling the stochastic component of behaviour in experiments: Some issues for the interpretation of dataWhy we should not be silent about noiseStochastic choice and the allocation of cognitive effortWithin- versus between-country differences in risk attitudes: implications for cultural comparisonsLoss averse behavior




This page was built for publication: A microeconometric test of alternative stochastic theories of risky choice