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

DOI10.1016/J.JMP.2016.06.003zbMATH Open1396.91174OpenAlexW2469653312MaRDI QIDQ730176FDOQ730176

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

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

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)

Cites Work

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

Cited In (2)

• A distribution-free, Bayesian goodness-of-fit method for assessing similar scientific prediction equations
• A commuter departure-time model based on cumulative prospect theory

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