The certainty effect and boundary effects with transformed probabilities

DOI10.1016/S0165-1765(99)00247-5MaRDI QIDQ1978324zbMATH OpenOpenAlexFDO

Authors Ulrich Schmidt

Publication date 4 June 2000

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/s0165-1765(99)00247-5

zbMATH Keywords

boundary effectsdecision weightscertainty effect

Mathematics Subject Classification ID

Decision theory (91B06)

Recommendations

• Advances in prospect theory: cumulative representation of uncertainty
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Cites work

• A combination of expected utility and maxmin decision criteria
• A measurement of the certainty effect
• Choice under risk and the security factor: an axiomatic model
• Choice under risk with certainty and potential effects: a general axiomatic model
• More mixed results on boundary effects
• Security level, potential level, expected utility: a three-criteria decision model under risk
• Some mixed results on boundary effects
• The Predictive Utility of Generalized Expected Utility Theories

Cited in

(5)

• A bias aggregation theorem
• Security and potential level preferences with thresholds
• Probability transformations in the study of behavior toward risk
• scientific article; zbMATH DE number 4093117 (Why is no real title available?)
• Temptation-biased preferences for risk and time

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