The reflection effect for constant risk averse agents

DOI10.1016/S0165-4896(00)00046-9MaRDI QIDQ5934222zbMATH OpenFDO

Authors Rann Smorodinsky

Publication date 9 December 2001

Published in Mathematical Social Sciences (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/S0165-4896(00)00046-9

zbMATH Keywords

betweennessconstant risk aversionreflection effect

Mathematics Subject Classification ID

Individual preferences (91B08)

Recommendations

• Constant risk aversion
• Invariant risk attitudes
• A preference foundation for constant loss aversion
• Stability of risk preferences and the reflection effect of prospect theory
• The gain-loss asymmetry and single-self preferences

Cites work

• "Expected Utility" Analysis without the Independence Axiom
• An axiomatic characterization of preferences under uncertainty: Weakening the independence axiom
• Axiomatic utility theories with the betweenness property
• Constant risk aversion
• scientific article; zbMATH DE number 3087284 (Why is no real title available?)
• Interpersonal Comparability and Social Choice Theory
• Prospect Theory: An Analysis of Decision under Risk
• Risk aversion in the theory of expected utility with rank dependent probabilities
• Tests of the betweenness property of expected utility
• The bargaining problem
• The Dual Theory of Choice under Risk

Cited in

(4)

• Risk aversion in the small and in the large: Calibration results for betweenness functionals
• Nash's bargaining solution when the disagreement point is random
• The gain-loss asymmetry and single-self preferences
• Stability of risk preferences and the reflection effect of prospect theory

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