Probabilistic risk attitudes and local risk aversion: a paradox

DOI10.1007/S11238-013-9410-3zbMATH Open1422.91251OpenAlexW2056801846MaRDI QIDQ490079FDOQ490079

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

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zbMATH Keywords

calibrationrisk aversionreference dependenceprobability transformation

Mathematics Subject Classification ID

Utility theory (91B16)

Cites Work

• The Dual Theory of Choice under Risk
• Prospect theory. For risk and ambiguity.
• A tractable method to measure utility and loss aversion under prospect theory
• Advances in prospect theory: cumulative representation of uncertainty
• Prospect Theory: An Analysis of Decision under Risk
• Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine
• Title not available (Why is that?)
• Is there a plausible theory for decision under risk? A dual calibration critique

Cited In (4)

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

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