Generalized expected utility, heteroscedastic error, and path dependence in risky choice

DOI10.1023/A:1007814719863MaRDI QIDQ1974064zbMATH OpenOpenAlexFDO

Authors David Buschena, David Zilberman

Publication date 19 July 2000

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

Full work available at URL https://doi.org/10.1023/a:1007814719863

zbMATH Keywords

path-dependencerisky choicegeneralized expected utility modelsheteroscedastic error structures

Mathematics Subject Classification ID

Linear regression; mixed models (62J05) Time series, auto-correlation, regression, etc. in statistics (GARCH) (62M10) Social choice (91B14) Utility theory (91B16)

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Cited in

(20)

• Fechner's strong utility model for choice among \(n > 2\) alternatives: risky lotteries, savage acts, and intertemporal payoffs
• Stability of risk preferences and the reflection effect of prospect theory
• Modelling the stochastic component of behaviour in experiments: Some issues for the interpretation of data
• Stronger utility
• Noise and bias in eliciting preferences
• Models of risky choice: a state-trace and signed difference analysis
• scientific article; zbMATH DE number 5538083 (Why is no real title available?)
• Stochastic utility theorem
• Mixture models of choice under risk
• Generalized Expected Utility Analysis of Multivariate Risk Aversion
• Choice consistency and strength of preference
• Stochastic expected utility theory
• Evaluation of similarity models for expected utility violations
• Probabilistic choice and stochastic dominance
• `Stochastically more risk averse': a contextual theory of stochastic discrete choice under risk
• Stochastic choice and the allocation of cognitive effort
• Probability weighting and L-moments
• Which decision theory?
• Uncertainty and binary stochastic choice
• Cumulative prospect theory's functional menagerie

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