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

DOI10.1023/A:1007814719863zbMath0966.91032OpenAlexW4233893937MaRDI QIDQ1974064

David Zilberman, David E. Buschena

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

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

Related Items (17)

Fechner's strong utility model for choice among \(n > 2\) alternatives: risky lotteries, savage acts, and intertemporal payoffs ⋮ Noise and bias in eliciting preferences ⋮ Uncertainty and binary stochastic choice ⋮ Stability of risk preferences and the reflection effect of prospect theory ⋮ Probability weighting and L-moments ⋮ Cumulative prospect theory's functional menagerie ⋮ Probabilistic choice and stochastic dominance ⋮ Which decision theory? ⋮ Choice consistency and strength of preference ⋮ Stochastic utility theorem ⋮ Stronger utility ⋮ Stochastic expected utility theory ⋮ Mixture models of choice under risk ⋮ `Stochastically more risk averse': a contextual theory of stochastic discrete choice under risk ⋮ Evaluation of similarity models for expected utility violations ⋮ Modelling the stochastic component of behaviour in experiments: Some issues for the interpretation of data ⋮ Stochastic choice and the allocation of cognitive effort

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