The Impact of Learning by Thought on Violations of Independence and Coalescing

DOI10.1287/DECA.2015.0316zbMATH Open1398.91144OpenAlexW2235568408MaRDI QIDQ4692003FDOQ4692003

Michael H. Birnbaum, Ulrich Schmidt

Publication date: 24 October 2018

Published in: Decision Analysis (Search for Journal in Brave)

Full work available at URL: https://semanticscholar.org/paper/4159546e2558d6e84099df90d3726260f23617dc

zbMATH Keywords

errorsexperimentindependence axiomcoalescingsplitting effects

Mathematics Subject Classification ID

Decision theory (91B06) Experimental studies (91A90)

Cites Work

• Advances in prospect theory: cumulative representation of uncertainty
• An axiomatization of cumulative prospect theory
• Learning in the Allais paradox
• Rank- and sign-dependent linear utility models for binary gambles
• Three New Tests of Independence That Differentiate Models of Risky Decision Making
• Does repetition improve consistency?
• Subjective probability weighting and the discovered preference hypothesis
• Rank- and sign-dependent linear utility models for finite first-order gambles
• Testing descriptive utility theories: Violations of stochastic dominance and cumulative independence
• Causes of Allais common consequence paradoxes: an experimental dissection
• Reconsidering the common ratio effect: the roles of compound independence, reduction, and coalescing
• Testing New Theories of Choice under Uncertainty using the Common Consequence Effect

Cited In (1)

• Violations of coalescing in parametric utility measurement

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