Does probability weighting matter in probability elicitation?

DOI10.1016/J.JMP.2011.04.002MaRDI QIDQ634604zbMATH OpenOpenAlexFDO

Authors Lijuan Wu, David V. Budescu, Ali Abbas

Publication date 16 August 2011

Published in Journal of Mathematical Psychology (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jmp.2011.04.002

zbMATH Keywords

probability weightingprospect theorysubjective probabilitydecision weightsprobability elicitation

Mathematics Subject Classification ID

Decision theory (91B06)

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• Parameter-Free Elicitation of Utility and Probability Weighting Functions
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Cites work

• scientific article; zbMATH DE number 43566 (Why is no real title available?)
• scientific article; zbMATH DE number 3087284 (Why is no real title available?)
• A Single-Stage Approach to Anscombe and Aumann's Expected Utility
• A belief-based account of decision under uncertainty
• A parametric analysis of prospect theory's functionals for the general population
• Advances in prospect theory: cumulative representation of uncertainty
• Cumulative prospect theory and the St. Petersburg paradox
• Cumulative prospect theory's functional menagerie
• Making descriptive use of prospect theory to improve the prescriptive use of expected utility
• Parameter-Free Elicitation of Utility and Probability Weighting Functions
• Prospect Theory: An Analysis of Decision under Risk
• The Probability Weighting Function
• Uncertain Judgements: Eliciting Experts' Probabilities
• What determines the shape of the probability weighting function under uncertainty?

Cited in

(6)

• Lottery decisions and probability weighting function
• Consistency of determined risk attitudes and probability weightings across different elicitation methods
• Second-best probability weighting
• Study on introducing probability weight function into Bayesian decision analysis based on RDEU: a case study of Prelec probability weight function
• Measuring beliefs under ambiguity
• Error propagation in the elicitation of utility and probability weighting functions

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