Probabilistic risk attitudes and local risk aversion: a paradox

DOI10.1007/S11238-013-9410-3MaRDI QIDQ490079zbMATH OpenOpenAlexFDO

Authors Vjollca Sadiraj

Publication date 21 January 2015

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

Full work available at URL http://excen.gsu.edu/workingpapers/GSU_EXCEN_WP_2012-07.pdf

zbMATH Keywords

calibrationrisk aversionreference dependenceprobability transformation

Mathematics Subject Classification ID

Utility theory (91B16)

Recommendations

• Distorted probabilities and choice under risk
• A second-generation disappointment aversion theory of decision making under risk
• Preference functionals with prize-dependent distortion of probabilities
• The Ellsberg Paradox and Risk Aversion: An Anticipated Utility Approach
• A Theory of Disappointment Aversion

Cites work

• scientific article; zbMATH DE number 920136 (Why is no real title available?)
• A tractable method to measure utility and loss aversion under prospect theory
• Advances in prospect theory: cumulative representation of uncertainty
• Is there a plausible theory for decision under risk? A dual calibration critique
• Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine
• Prospect Theory: An Analysis of Decision under Risk
• Prospect theory. For risk and ambiguity.
• The Dual Theory of Choice under Risk

Cited in

(4)

• Prospect theory and tax evasion: a reconsideration of the Yitzhaki puzzle
• Is there a plausible theory for decision under risk? A dual calibration critique
• Probability transformations in the study of behavior toward risk
• Local utility and multivariate risk aversion

This page was built for publication: Probabilistic risk attitudes and local risk aversion: a paradox

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q490079)