Dynamic decision making when risk perception depends on past experience

DOI10.1007/S11238-007-9061-3zbMath1136.91366OpenAlexW1998841046WikidataQ126252596 ScholiaQ126252596MaRDI QIDQ928764

Michèle Cohen, Johanna Etner, Meglena Jeleva

Publication date: 11 June 2008

Published in: Theory and Decision (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s11238-007-9061-3

zbMATH Keywords

dynamic decision makingrisk perceptionrecursive modelpast experiencerank dependent utility model

Mathematics Subject Classification ID

Decision theory (91B06)

Related Items (5)

Aspirations as reference points: an experimental investigation of risk behavior over time ⋮ Dynamic decision-making when ambiguity attitudes depend on exogenous events ⋮ Are bygones bygones? ⋮ Towards Approximation of Risk ⋮ Risk Perception, Risk Attitude, and Decision: A Rank-Dependent Analysis

Cites Work

• Intertemporal substitution, risk aversion and ambiguity aversion
• Recursive smooth ambiguity preferences
• Comparative statics for rank-dependent expected utility theory
• Comonotonicity axioms and rank-dependent expected utility theory for arbitrary consequences
• Recursive multiple-priors.
• Buying insurance for disaster-type risks: Experimental evidence
• The demand for flood insurance: Empirical evidence
• Psychological Expected Utility Theory and Anticipatory Feelings
• The Framing of Decisions and the Psychology of Choice
• Temporal Resolution of Uncertainty and Dynamic Choice Theory
• Intertemporal Asset Pricing under Knightian Uncertainty
• The Dual Theory of Choice under Risk

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