Market failure in light of non-expected utility

DOI10.1007/s11238-013-9377-0zbMath1290.91044OpenAlexW3123249076MaRDI QIDQ2015029

Eyal Baharad, Doron Kliger

Publication date: 18 June 2014

Published in: Theory and Decision (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s11238-013-9377-0

zbMATH Keywords

prospect theorydecision analysisrank-dependent expected utilitymarket for lemonsutility-preference

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16)

Cites Work

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• Advances in prospect theory: cumulative representation of uncertainty
• Violations of the betweenness axiom and nonlinearity in probability
• Options traders exhibit subadditive decision weights
• Parameter-Free Elicitation of Utility and Probability Weighting Functions
• Risk and Rationality: Uncovering Heterogeneity in Probability Distortion
• Prospect Theory: An Analysis of Decision under Risk
• The Predictive Utility of Generalized Expected Utility Theories
• Curvature of the Probability Weighting Function
• The Probability Weighting Function
• The Dual Theory of Choice under Risk
• Risk Attitudes and Decision Weights
• Ambiguity Aversion and Comparative Ignorance

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