Assessing risky weighting functions for positive and negative binary gambles using the logarithmic derivative function

DOI10.1016/J.JMP.2016.06.003MaRDI QIDQ730176zbMATH OpenOpenAlexFDO

Authors Daniel H. Barch, Richard A. Chechile

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.2016.06.003

zbMATH Keywords

model selectiondecision makinggamble matchingrisky weighting function

Mathematics Subject Classification ID

Applications of statistics to psychology (62P15) Decision theory (91B06) Utility theory (91B16) Probabilistic games; gambling (91A60)

Recommendations

• Using logarithmic derivative functions for assessing the risky weighting function for binary gambles
• Cumulative prospect theory's functional menagerie
• The Probability Weighting Function
• A simple derivation of Prelec's probability weighting function
• Lottery decisions and probability weighting function

Cites work

• Advances in prospect theory: cumulative representation of uncertainty
• Algorithmic solutions for envy-free cake cutting
• Cumulative prospect theory's functional menagerie
• Curvature of the Probability Weighting Function
• Is ``generic utility theory a suitable theory of choice behavior for gambles with mixed gains and losses?
• Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine
• Maximum likelihood identification of Gaussian autoregressive moving average models
• Parameter-Free Elicitation of Utility and Probability Weighting Functions
• Parametric weighting functions
• Prospect Theory: An Analysis of Decision under Risk
• Reassessing the testing of generic utility models for mixed gambles
• Reduction invariance and Prelec's weighting functions
• The Probability Weighting Function
• The framing of decisions and the psychology of choice
• The importance of complexity in model selection
• Using logarithmic derivative functions for assessing the risky weighting function for binary gambles

Cited in

(3)

• A distribution-free, Bayesian goodness-of-fit method for assessing similar scientific prediction equations
• A commuter departure-time model based on cumulative prospect theory
• Using logarithmic derivative functions for assessing the risky weighting function for binary gambles

This page was built for publication: Assessing risky weighting functions for positive and negative binary gambles using the logarithmic derivative function

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q730176)