Error propagation in the elicitation of utility and probability weighting functions

DOI10.1007/s11238-005-4593-xzbMath1119.91023OpenAlexW1982431892MaRDI QIDQ2502417

Pavlo R. Blavatskyy

Publication date: 12 September 2006

Published in: Theory and Decision (Search for Journal in Brave)

Full work available at URL: https://www.zora.uzh.ch/id/eprint/2306/10/ZORA_NL_2306.pdf

zbMATH Keywords

decision theoryrank-dependent expected utilitycumulative prospect theoryprobability weightingelicitationvon Neumann-Morgenstern utility

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16)

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Cites Work

• Advances in prospect theory: cumulative representation of uncertainty
• Measuring the utility of losses by means of the tradeoff method
• Is probability weighting sensitive to the magnitude of consequences? An experimental investigation on losses
• Parameter-Free Elicitation of Utility and Probability Weighting Functions
• State of the Art—Utility Assessment Methods
• “Lottery Equivalents”: Reduction of the Certainty Effect Problem in Utility Assessment
• The Predictive Utility of Generalized Expected Utility Theories
• Investigating Generalizations of Expected Utility Theory Using Experimental Data
• Eliciting von Neumann-Morgenstern Utilities When Probabilities Are Distorted or Unknown
• A Subjective Spin on Roulette Wheels