Indistinguishability of small probabilities, subproportionality, and the common ratio effect

DOI10.1016/J.JMP.2019.102283MaRDI QIDQ2176800zbMATH OpenOpenAlexWikidataFDO

Authors Maik Dierkes, Vulnet Sejdiu

Publication date 5 May 2020

Published in Journal of Mathematical Psychology (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jmp.2019.102283

zbMATH Keywords

common ratio effectindistinguishability of small probabilitiesprobability weightingsubproportionality

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16) Cognitive psychology (91E10)

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Cites work

• A Theory of Disappointment Aversion
• Advances in prospect theory: cumulative representation of uncertainty
• Common consequence conditions in decision making under risk
• Cumulative prospect theory and the St. Petersburg paradox
• Decision Making Over Time and Under Uncertainty: A Common Approach
• scientific article; zbMATH DE number 3368586 (Why is no real title available?)
• Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine
• On the validity of the random lottery incentive system
• Parameter-Free Elicitation of Utility and Probability Weighting Functions
• Prospect Theory: An Analysis of Decision under Risk
• Reconsidering the common ratio effect: the roles of compound independence, reduction, and coalescing
• Risk Aversion in the Small and in the Large
• Some implications of a more general form of regret theory
• The framing of decisions and the psychology of choice
• The Predictive Utility of Generalized Expected Utility Theories
• The Probability Weighting Function
• Violations of the independence axiom in common ratio problems: An experimental test of some competing hypotheses

Cited in

(4)

• An axiomatization of the Goldstein-Einhorn weighting functions
• Reconsidering the common ratio effect: the roles of compound independence, reduction, and coalescing
• Volatility-dependent probability weighting and the dynamics of the pricing kernel puzzle
• The ratio bias phenomenon: fact or artifact?

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