Empirical evaluation of four models of buying and selling prices of gambles
DOI10.1016/J.JMP.2016.05.007zbMATH Open1396.91175OpenAlexW2422902550MaRDI QIDQ730174FDOQ730174
Authors: Michael H. Birnbaum, Sherry Yeary, R. Duncan Luce, Li Zhao 
Publication date: 23 December 2016
Published in: Journal of Mathematical Psychology (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/j.jmp.2016.05.007
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utilitycontingent valuationwillingness to pay (WTP)cumulative prospect theoryloss aversionpreference reversalsendowment effectchoiceselling priceconfigural weightingwillingness to accept (WTA)buying priceviewpoint
Cites Work
- The Probability Weighting Function
- Advances in prospect theory: cumulative representation of uncertainty
- Prospect Theory: An Analysis of Decision under Risk
- Third-generation prospect theory
- Title not available (Why is that?)
- Rank- and sign-dependent linear utility models for binary gambles
- Reduction invariance and Prelec's weighting functions
- Rank- and sign-dependent linear utility models for finite first-order gambles
- Testing descriptive utility theories: Violations of stochastic dominance and cumulative independence
- Causes of Allais common consequence paradoxes: an experimental dissection
- Independence properties vis-à-vis several utility representations
- Behavioral assumptions for a class of utility theories: a program of experiments
- A review of WTA/WTP studies
- Associative joint receipts
- Ranked additive utility representations of gambles: Old and new axiomatizations
- Ambiguity aversion in the small and in the large for weighted linear utility
- Increasing increment generalizations of rank-dependent theories
Cited In (10)
- A one-line proof for complementary symmetry
- Causes of Allais common consequence paradoxes: an experimental dissection
- Empirical evaluation of third-generation prospect theory
- Certainty equivalent and utility indifference pricing for incomplete preferences via convex vector optimization
- Complementary symmetry in cumulative prospect theory with random reference
- An axiomatization of the Goldstein-Einhorn weighting functions
- On a disparity between willingness to pay and willingness to accept under the Rank-Dependent Utility model
- On complementary symmetry under cumulative prospect theory
- A consequence of complementary symmetry
- On reference dependence and complementary symmetry
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