Competence effects for choices involving gains and losses

DOI10.1007/S11166-010-9089-6zbMATH Open1231.91080OpenAlexW2095887049MaRDI QIDQ989912FDOQ989912

Authors: José Guilherme de Lara Resende, George Wu 

Publication date: 23 August 2010

Published in: Journal of Risk and Uncertainty (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s11166-010-9089-6

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zbMATH Keywords

uncertaintygainsambiguityknowledgelossescompetence effectdecision weighting function

Mathematics Subject Classification ID

Decision theory (91B06) Experimental studies (91A90)

Cites Work

• Is probability weighting sensitive to the magnitude of consequences? An experimental investigation on losses
• Risk, ambiguity and the Savage axioms
• A TEST FOR HOMOGENEITY OF THE MARGINAL DISTRIBUTIONS IN A TWO-WAY CLASSIFICATION
• Subjective Probability and Expected Utility without Additivity
• The Probability Weighting Function
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• Advances in prospect theory: cumulative representation of uncertainty
• Recent developments in modeling preferences: Uncertainty and ambiguity
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• What determines the shape of the probability weighting function under uncertainty?
• Nonlinear Decision Weights in Choice Under Uncertainty
• Preference and belief: ambibiguity and competence in choice under uncertainty
• Under stochastic dominance Choquet-expected utility and anticipated utility are identical
• Risk Attitudes and Decision Weights
• Choices under ambiguity with familiar and unfamiliar outcomes
• Causes of ambiguity aversion: Known versus unknown preferences
• Goal-based construction of preferences: task goals and the prominence effect

Cited In (9)

• Switching competitors reduces win-stay but not lose-shift behaviour: the role of outcome-action association strength on reinforcement learning
• The attraction of uncertainty: interactions between skill and levels of uncertainty in market-entry games
• Social and strategic ambiguity versus betrayal aversion
• Extreme events and entropy: a multiple quantile utility model
• Comparing uncertainty aversion towards different sources
• Ambiguity attitudes, framing, and consistency
• Emotion and knowledge in decision making under uncertainty
• Ellsberg meets Keynes at an urn
• Gain-loss framing in interdependent choice

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