The Midweight Method to Measure Attitudes Toward Risk and Ambiguity

DOI10.1287/mnsc.1100.1282zbMath1214.91033OpenAlexW1980181601MaRDI QIDQ3005702

Peter P. Wakker, Gijs van de Kuilen

Publication date: 9 June 2011

Published in: Management Science (Search for Journal in Brave)

Full work available at URL: https://research.tilburguniversity.edu/en/publications/c58a6884-24cc-4cab-ae2f-a9db08d02d03

zbMATH Keywords

prospect theoryambiguityprobability weightingpessimism

Mathematics Subject Classification ID

Related Items (17)

Introduction to the special issue in honor of Peter Wakker ⋮ Risk pricing in a non-expected utility framework ⋮ A parametric analysis of prospect theory's functionals for the general population ⋮ Measuring time and risk preferences in an integrated framework ⋮ All at once! A comprehensive and tractable semi-parametric method to elicit prospect theory components ⋮ Stake effects on ambiguity attitudes for gains and losses ⋮ Measuring the time stability of prospect theory preferences ⋮ Utility independence of multiattribute utility theory is equivalent to standard sequence invariance of conjoint measurement ⋮ A simple non-parametric method for eliciting prospect theory's value function and measuring loss aversion under risk and ambiguity ⋮ Salience, systemic risk and spectral risk measures as capital requirements ⋮ Divergent risk-attitudes and endogenous collateral constraints ⋮ Equal Tails: A Simple Method to Elicit Utility Under Violations of Expected Utility ⋮ Discrete Arrow-Pratt indexes for risk and uncertainty ⋮ A revealed reference point for prospect theory ⋮ Measuring Beliefs Under Ambiguity ⋮ Delayed probabilistic risk attitude: a parametric approach ⋮ Probability weighting for losses and for gains among smallholder farmers in Uganda

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