On the coefficient of variation as a predictor of risk sensitivity: behavioral and neural evidence for the relative encoding of outcome variability

DOI10.1016/J.JMP.2010.03.003MaRDI QIDQ708247zbMATH OpenOpenAlexFDO

Authors Elke U. Weber

Publication date 11 October 2010

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

Full work available at URL https://doi.org/10.1016/j.jmp.2010.03.003

zbMATH Keywords

coefficient of variationaxiomatic measurementrisk-return modelsrisky choice

Mathematics Subject Classification ID

Applications of statistics to psychology (62P15) Decision theory (91B06)

Recommendations

• On the coefficient of variation as a criterion for decision under risk
• Relative risk aversion: what do we know?
• Efficient Coding and Risky Choice
• Standardized covariance. A measure of association, similarity and co-riskiness between choice options
• The coefficient of variation, stochastic dominance and inequality: A new interpretation

Cites work

• Advances in prospect theory: cumulative representation of uncertainty
• An axiomatic theory of conjoint, expected risk
• Cross-cultural differences in risk perception, but cross-cultural similarities in attitudes towards perceived risk
• On the coefficient of variation as a criterion for decision under risk
• Perceived Risk Attitudes: Relating Risk Perception to Risky Choice
• Prospect Theory: An Analysis of Decision under Risk
• Risk-value models
• Theory of games and economic behavior.

Cited in

(2)

• Scalar utility theory and proportional processing: what does it actually imply?
• On the coefficient of variation as a criterion for decision under risk

This page was built for publication: On the coefficient of variation as a predictor of risk sensitivity: behavioral and neural evidence for the relative encoding of outcome variability

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q708247)