Generalized similarity judgements: An alternative explanation for choice anomalies

DOI10.1007/BF01064183zbMath0816.90041OpenAlexW2162369862MaRDI QIDQ1342891

Jonathan W. Leland

Publication date: 15 January 1995

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

Full work available at URL: https://doi.org/10.1007/bf01064183

zbMATH Keywords

expected utilitystochastic dominancebinary choiceschoice anomaliesdecision weighing functionssimilarity judgements

Mathematics Subject Classification ID

Utility theory (91B16)

Related Items (13)

Preference under risk in the presence of indistinguishable probabilities ⋮ Salience and strategy choice in \(2\times 2\) games ⋮ A Tailor-Made Test of Intransitive Choice ⋮ Lottery qualities ⋮ Fast and frugal heuristics: rationality and the limits of naturalism ⋮ Axiomatizing bounded rationality: the priority heuristic ⋮ One-reason decision-making: modeling violations of expected utility theory ⋮ An experimental investigation of violations of transitivity in choice under uncertainty ⋮ A closer look at the Russian roulette problem: a re-examination of the nonlinearity of the prospect theory's decision weight \(\pi \) ⋮ Standardized covariance. A measure of association, similarity and co-riskiness between choice options ⋮ Testing lexicographic semiorders as models of decision making: priority dominance, integration, interaction, and transitivity ⋮ Evaluation of similarity models for expected utility violations ⋮ Feature-based choice and similarity perception in normal-form games: an experimental study

Cites Work

• Violations of the independence axiom in common ratio problems: An experimental test of some competing hypotheses
• Some implications of a more general form of regret theory
• Similarity and decision-making under risk (Is there a utility theory resolution to the Allais paradox?)
• Expected utility with an interval ordered structure
• The Framing of Decisions and the Psychology of Choice
• Linear Utility Functions on Semiordered Mixture Spaces
• Prospect Theory: An Analysis of Decision under Risk
• Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine

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