Measuring the time stability of prospect theory preferences

DOI10.1007/s11238-010-9234-3zbMath1242.91052OpenAlexW2063798007MaRDI QIDQ430889

Stefan Zeisberger, Thomas Langer, Dennis Vrecko

Publication date: 26 June 2012

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

Full work available at URL: https://doi.org/10.1007/s11238-010-9234-3

zbMATH Keywords

prospect theoryrisk preferencesexperimental economicstime stability

Mathematics Subject Classification ID

Decision theory (91B06) Individual preferences (91B08)

Related Items (7)

Risk preferences and development revisited ⋮ The bounded rationality of probability distortion ⋮ Parameters of social preference functions: measurement and external validity ⋮ Beyond fictitious play beliefs: incorporating pattern recognition and similarity matching ⋮ Why does myopia decrease the willingness to invest? Is it myopic loss aversion or myopic loss probability aversion? ⋮ All over the map: A worldwide comparison of risk preferences ⋮ Risk behavior for gain, loss, and mixed prospects

Cites Work

• Unnamed Item
• Reconciling introspective utility with revealed preference: experimental arguments based on prospect theory
• Stability of risk preferences and the reflection effect of prospect theory
• Cumulative prospect theory's functional menagerie
• A tractable method to measure utility and loss aversion under prospect theory
• Changing the probability versus changing the reward
• Advances in prospect theory: cumulative representation of uncertainty
• Risk seeking with diminishing marginal utility in a non-expected utility model
• Just who are you calling risk averse?
• The effects of financial incentives in experiments: A review and capital-labor-production framework. (With commentaries)
• Risk aversion and expected-utility theory: a calibration exercise
• Error propagation in the elicitation of utility and probability weighting functions
• The Midweight Method to Measure Attitudes Toward Risk and Ambiguity
• Parameter-Free Elicitation of Utility and Probability Weighting Functions
• Choice-Based Elicitation and Decomposition of Decision Weights for Gains and Losses Under Uncertainty
• Resolving Inconsistencies in Utility Measurement Under Risk: Tests of Generalizations of Expected Utility
• Eliciting Risk and Time Preferences
• Prospect Theory
• Sources of Bias in Assessment Procedures for Utility Functions
• The Relationship Between Risk Attitude and Strength of Preference: A Test of Intrinsic Risk Attitude

This page was built for publication: Measuring the time stability of prospect theory preferences