Standardized covariance. A measure of association, similarity and co-riskiness between choice options

DOI10.1016/J.JMP.2014.08.001MaRDI QIDQ2263968zbMATH OpenOpenAlexFDO

Authors Sandra Andraszewicz, Jörg Rieskamp

Publication date 19 March 2015

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

Full work available at URL https://doi.org/10.1016/j.jmp.2014.08.001

zbMATH Keywords

covariancedecision makingassociationrisksimilarity

Mathematics Subject Classification ID

Measures of association (correlation, canonical correlation, etc.) (62H20) Applications of statistics to social sciences (62P25) Decision theory (91B06)

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Cites work

• scientific article; zbMATH DE number 3106184 (Why is no real title available?)
• A further examination of cumulative prospect theory parameterizations
• Advances in prospect theory: cumulative representation of uncertainty
• Generalized similarity judgements: An alternative explanation for choice anomalies
• Noisy covariance matrices and portfolio optimization. II
• Optimal experimental design for a class of bandit problems
• Risk-value models
• Similarity and decision-making under risk (Is there a utility theory resolution to the Allais paradox?)
• Similarity judgments in choice under uncertainty: a reinterpretation of the predictions of regret theory.

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(3)

• On the coefficient of variation as a predictor of risk sensitivity: behavioral and neural evidence for the relative encoding of outcome variability
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• Response to ``A note on the standardized covariance

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