Expected utility with threshold disappointment sensitivity

DOI10.1016/J.ECONLET.2022.110350MaRDI QIDQ2127303zbMATH OpenOpenAlexFDO

Authors Edward Honda

Publication date 20 April 2022

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2022.110350

zbMATH Keywords

expected utilityindependencelottery

Mathematics Subject Classification ID

Individual preferences (91B08) Utility theory (91B16)

Recommendations

• A Theory of Disappointment Aversion
• Disappointment and Dynamic Consistency in Choice under Uncertainty
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Cites work

• A Theory of Disappointment Aversion
• Advances in prospect theory: cumulative representation of uncertainty
• An axiomatic characterization of preferences under uncertainty: Weakening the independence axiom
• An axiomatization of cumulative prospect theory for decision under risk
• Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine
• Prospect Theory: An Analysis of Decision under Risk

Cited in

(6)

• Trichotomic discounted utility
• Security and potential level preferences with thresholds
• Correcting expected utility for comparisons between alternative outcomes: A unified parameterization of regret and disappointment
• Expectations, disappointment, and rank-dependent probability weighting
• Expected utility with nonlinear threshold
• A Theory of Disappointment Aversion

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