Foresight, risk attitude, and utility maximization in naturalistic sequential high-stakes decision making

DOI10.1016/j.jmp.2018.08.004zbMath1411.91177OpenAlexW2890924363MaRDI QIDQ1736007

Richard S. John, Zhiqin Chen

Publication date: 29 March 2019

Published in: Journal of Mathematical Psychology (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jmp.2018.08.004

zbMATH Keywords

risk attitudesequential decision makingnatural experimentrisky choicemyopic choicesoftmaxstochastic choice model

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16) Experimental studies (91A90)

Uses Software

• QTest

Cites Work

• Unnamed Item
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• A backward induction experiment
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• Advances in prospect theory: cumulative representation of uncertainty
• Random relations, random utilities, and random functions
• Dominated choices in a simple game with large stakes
• Random utility representations of finite \(m\)-ary relations
• A Theory of Disappointment Aversion
• Prospect Theory: An Analysis of Decision under Risk
• The Predictive Utility of Generalized Expected Utility Theories
• Investigating Generalizations of Expected Utility Theory Using Experimental Data
• The Dual Theory of Choice under Risk

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