Order preservation of PEST determined certainty equivalents: A test based on lotteries with a fixed preference strength

DOI10.1006/JMPS.2001.1380zbMATH Open1015.91025OpenAlexW2025869648MaRDI QIDQ696948FDOQ696948

Robert Sneddon

Publication date: 12 September 2002

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

Full work available at URL: https://doi.org/10.1006/jmps.2001.1380

Recommendations

• “Lottery Equivalents”: Reduction of the Certainty Effect Problem in Utility Assessment
• "Preference Reversal" and the Observability of Preferences by Experimental Methods
• Empirical justification of the uncertain equivalence method
• ON CERTAINTY EFFECT IN EXPECTED UTILITY THEORY
• Joint receipt and certainty equivalents of gambles

zbMATH Keywords

lotterieschoice certaintyorder preservation

Mathematics Subject Classification ID

Social choice (91B14) Utility theory (91B16)

Cites Work

• Binary choice probabilities: on the varieties of stochastic transitivity
• Advances in prospect theory: cumulative representation of uncertainty
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