A tractable method to measure utility and loss aversion under prospect theory
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Publication:941734
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Cites work
- A Theory of Disappointment Aversion
- Advances in prospect theory: cumulative representation of uncertainty
- Ambiguity Aversion and Comparative Ignorance
- An index of loss aversion
- Behavioral probabilities
- Cumulative prospect theory's functional menagerie
- Curvature of the Probability Weighting Function
- Eliciting von Neumann-Morgenstern Utilities When Probabilities Are Distorted or Unknown
- scientific article; zbMATH DE number 3087284 (Why is no real title available?)
- Making descriptive use of prospect theory to improve the prescriptive use of expected utility
- Measuring the utility of losses by means of the tradeoff method
- Myopic Loss Aversion and the Equity Premium Puzzle
- On the intuition of rank-dependent utility
- On the validity of the random lottery incentive system
- Parameter-Free Elicitation of Utility and Probability Weighting Functions
- Prospect Theory: An Analysis of Decision under Risk
- Reconciling introspective utility with revealed preference: experimental arguments based on prospect theory
- Risk seeking with diminishing marginal utility in a non-expected utility model
- Stability of risk preferences and the reflection effect of prospect theory
- State of the Art—Utility Assessment Methods
- The effects of financial incentives in experiments: A review and capital-labor-production framework. (With commentaries)
- The impact of incentives upon risky choice experiments
- “Lottery Equivalents”: Reduction of the Certainty Effect Problem in Utility Assessment
Cited in
(39)- Probability weighting and the `level' and `spacing' of outcomes: an experimental study over losses
- Measuring the utility of losses by means of the tradeoff method
- Deciding about human lives: an experimental measure of risk attitudes under prospect theory
- Emergency-dependent supply decisions with risk perception and price control
- Multi-attribute non-expected utility
- Reining in excessive risk-taking by executives: the effect of accountability
- Do people maximize quantiles?
- Lack of prevalence of the endowment effect: an equilibrium analysis
- Intertemporal preference with loss aversion: consumption and risk-attitude
- Individual-level loss aversion in riskless and risky choices
- Towards a general class of parametric probability weighting functions
- Conditional non-expected utility preferences induced by mixture of lotteries: a note on the normative invalidity of expected utility theory
- On discrimination in health insurance
- A simple non-parametric method for eliciting prospect theory's value function and measuring loss aversion under risk and ambiguity
- Dynamic consumption and portfolio choice under prospect theory
- From uniform expected utility to uniform rank-dependent utility: an experimental study
- Individual vs. couple behavior: an experimental investigation of risk preferences
- Comparing attitudes toward time and toward money in experience-based decisions
- The role of information search and its influence on risk preferences
- Return smoothing in life insurance from a client perspective
- All at once! A comprehensive and tractable semi-parametric method to elicit prospect theory components
- Risk pricing in a non-expected utility framework
- Upgrade auctions in build-to-order manufacturing with loss-averse customers
- Framing of incentives and effort provision
- Measuring the time stability of prospect theory preferences
- Optimal lottery
- Risk behavior for gain, loss, and mixed prospects
- Probabilistic risk attitudes and local risk aversion: a paradox
- Prospect theory in multiple price list experiments: further insights on behaviour in the loss domain
- On the predictions of cumulative prospect theory for third and fourth order risk preferences
- Multi-attribute gain loss (MAGL) method to predict choices
- Separating curvature and elevation: a parametric probability weighting function
- Risk aversion elicitation: reconciling tractability and bias minimization
- Incentive contracts when agents distort probabilities
- Learning under ambiguity: an experimental investigation
- Note on intertemporal preference with loss aversion
- The ratio bias phenomenon: fact or artifact?
- A parametric analysis of prospect theory's functionals for the general population
- Detecting heterogeneous risk attitudes with mixed gambles
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