Cumulative prospect theory's functional menagerie
From MaRDI portal
Publication:867443
DOI10.1007/s11166-006-8289-6zbMath1281.91072OpenAlexW1993989686WikidataQ125728508 ScholiaQ125728508MaRDI QIDQ867443
Publication date: 15 February 2007
Published in: Journal of Risk and Uncertainty (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1007/s11166-006-8289-6
Related Items (51)
Composition rules in original and cumulative prospect theory ⋮ Erratum to: ``Hierarchical Bayesian parameter estimation for cumulative prospect theory ⋮ Violations of coalescing in parametric utility measurement ⋮ Elicitation of multiattribute value functions through high dimensional model representations: monotonicity and interactions ⋮ Risk pricing in a non-expected utility framework ⋮ Estimating risk preferences of bettors with different bet sizes ⋮ A parametric analysis of prospect theory's functionals for the general population ⋮ Consistency of determined risk attitudes and probability weightings across different elicitation methods ⋮ Deciding about human lives: an experimental measure of risk attitudes under prospect theory ⋮ A Tailor-Made Test of Intransitive Choice ⋮ Emotional balance and probability weighting ⋮ Return smoothing in life insurance from a client perspective ⋮ On the potential for observational equivalence in experiments on risky choice when a power value function is assumed ⋮ On lottery sales, jackpot sizes and irrationality: a cautionary note ⋮ Individual and couple decision behavior under risk: evidence on the dynamics of power balance ⋮ Bilateral risk sharing in a comonotone market with rank-dependent utilities ⋮ Mixture independence foundations for expected utility ⋮ Empirical underidentification in estimating random utility models: The role of choice sets and standardizations ⋮ All at once! A comprehensive and tractable semi-parametric method to elicit prospect theory components ⋮ Models of best-worst choice and ranking among multiattribute options (profiles) ⋮ Hierarchical Bayesian parameter estimation for cumulative prospect theory ⋮ Do financial professionals behave according to prospect theory? An experimental study ⋮ Analyzing test-taking behavior: decision theory meets psychometric theory ⋮ Measuring the time stability of prospect theory preferences ⋮ Properties of reverse hazard functions ⋮ Does probability weighting matter in probability elicitation? ⋮ Probabilistic choice (models) as a result of balancing multiple goals ⋮ Using logarithmic derivative functions for assessing the risky weighting function for binary gambles ⋮ Segregation and integration: a study of the behaviors of investors with extended value functions ⋮ Risk aversion elicitation: reconciling tractability and bias minimization ⋮ Risky Time Prospects and Travel Demand ⋮ Risk Aversion in Travel Mode Choice with Rank-Dependent Utility ⋮ Robust portfolio optimization with a generalized expected utility model under ambiguity ⋮ Foresight, risk attitude, and utility maximization in naturalistic sequential high-stakes decision making ⋮ A tractable method to measure utility and loss aversion under prospect theory ⋮ Competence effects for choices involving gains and losses ⋮ Dynamic decision making under ambiguity: an experimental investigation ⋮ On the learning patterns and adaptive behavior of terrorist organizations ⋮ An experimental test of reduction invariance ⋮ Assessing risky weighting functions for positive and negative binary gambles using the logarithmic derivative function ⋮ Mixture models of choice under risk ⋮ Parametric weighting functions ⋮ Stochastic expected utility for binary choice: a `modular' axiomatic foundation ⋮ Certainty-based marking on multiple-choice items: psychometrics meets decision theory ⋮ Collective Choice May Tell Nothing About Anyone’s Individual Preferences ⋮ Delayed probabilistic risk attitude: a parametric approach ⋮ Changing the probability versus changing the reward ⋮ \textsc{QTest} 2.1: quantitative testing of theories of binary choice using Bayesian inference ⋮ Probability weighting for losses and for gains among smallholder farmers in Uganda ⋮ Comparing attitudes toward time and toward money in experience-based decisions ⋮ A distribution-free, Bayesian goodness-of-fit method for assessing similar scientific prediction equations
Cites Work
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Violations of the independence axiom in common ratio problems: An experimental test of some competing hypotheses
- Anticipated utility: A measure representation approach
- Investigation of stochastic preference theory using experimental data
- Rank- and sign-dependent linear utility models for binary gambles
- Rank- and sign-dependent linear utility models for finite first-order gambles
- Advances in prospect theory: cumulative representation of uncertainty
- Measuring the utility of losses by means of the tradeoff method
- An axiomatization of cumulative prospect theory
- Violations of the betweenness axiom and nonlinearity in probability
- Discriminating between preference functionals: A preliminary Monte Carlo study
- Comonotonic independence: The critical test between classical and rank- dependent utility theories
- A microeconometric test of alternative stochastic theories of risky choice
- Reasons for rank-dependent utility evaluation
- An experimental test of a general class of utility models: Evidence for context dependency
- Bayesian model averaging: A tutorial. (with comments and a rejoinder).
- Which error story is best?
- Just who are you calling risk averse?
- Reduction invariance and Prelec's weighting functions
- Testing theories of choice under risk: Estimation of individual functionals
- A note on deriving rank-dependent utility using additive joint receipts
- The effects of financial incentives in experiments: A review and capital-labor-production framework. (With commentaries)
- Utility functions for wealth
- Generalized expected utility, heteroscedastic error, and path dependence in risky choice
- Model selection based on minimum description length
- The importance of complexity in model selection
- Parameter-Free Elicitation of Utility and Probability Weighting Functions
- Strong One-Switch Utility
- Choice-Based Elicitation and Decomposition of Decision Weights for Gains and Losses Under Uncertainty
- Stochastic Choice and Cardinal Utility
- Maximum likelihood identification of Gaussian autoregressive moving average models
- The Predictive Utility of Generalized Expected Utility Theories
- Investigating Generalizations of Expected Utility Theory Using Experimental Data
- Curvature of the Probability Weighting Function
- The Probability Weighting Function
- Model Selection and Multimodel Inference
- The Dual Theory of Choice under Risk
- Risk, Return, and Utility
- Ambiguity Aversion and Comparative Ignorance
- A Contextual Uncertainty Condition for Behavior Under Risk
- Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine
This page was built for publication: Cumulative prospect theory's functional menagerie
