Underestimation of probabilities modifications: characterization and economic implications

DOI10.1007/s00199-013-0781-zzbMath1307.91057OpenAlexW2085914208MaRDI QIDQ2249575

Meglena Jeleva, Johanna Etner

Publication date: 2 July 2014

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00199-013-0781-z

zbMATH Keywords

non-expected utilitypreventionprobability perception

Mathematics Subject Classification ID

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

Related Items (4)

Who should exert more effort? Risk aversion, downside risk aversion and optimal prevention ⋮ When Risk Perception Gets in the Way: Probability Weighting and Underprevention ⋮ Life-cycle consumption and life insurance: empirical evidence from Italian survey ⋮ A revealed reference point for prospect theory

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• Risk and Rationality: Uncovering Heterogeneity in Probability Distortion
• Curvature of the Probability Weighting Function
• The Dual Theory of Choice under Risk
• Risk Aversion in the Small and in the Large

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