Parameter-Free Elicitation of Utility and Probability Weighting Functions
From MaRDI portal
Publication:3114662
DOI10.1287/mnsc.46.11.1497.12080zbMath1232.91114OpenAlexW2116070369MaRDI QIDQ3114662
Publication date: 19 February 2012
Published in: Management Science (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1287/mnsc.46.11.1497.12080
Related Items (only showing first 100 items - show all)
Risk preferences of Australian academics: where retirement funds are invested tells the story ⋮ Are employee stock option exercise decisions better explained through the prospect theory? ⋮ Weighted temporal utility ⋮ Causes of Allais common consequence paradoxes: an experimental dissection ⋮ Introduction to the special issue in honor of Peter Wakker ⋮ Individual-level loss aversion in riskless and risky choices ⋮ Composition rules in original and cumulative prospect theory ⋮ Reconciling introspective utility with revealed preference: experimental arguments based on prospect theory ⋮ Marginal indemnification function formulation for optimal reinsurance ⋮ Information efficient learning of complexly structured preferences: elicitation procedures and their application to decision making under uncertainty ⋮ Violations of coalescing in parametric utility measurement ⋮ Subjective probability weighting and the discovered preference hypothesis ⋮ A note on Wakker's cardinal coordinate independence ⋮ Incomplete preferences and confidence ⋮ The influence of fear in decisions: experimental evidence ⋮ A parametric analysis of prospect theory's functionals for the general population ⋮ Endowment effects? ``Even with half a million on the table! ⋮ Stability of risk preferences and the reflection effect of prospect theory ⋮ Probability weighting and L-moments ⋮ Decision making generalized by a cumulative probability weighting function ⋮ Consistency of determined risk attitudes and probability weightings across different elicitation methods ⋮ Risk decision analysis in emergency response: a method based on cumulative prospect theory ⋮ A monotone model of intertemporal choice ⋮ Disappointment without prior expectation: a unifying perspective on decision under risk ⋮ Cumulative prospect theory's functional menagerie ⋮ Information and ambiguity: herd and contrarian behaviour in financial markets ⋮ Indistinguishability of small probabilities, subproportionality, and the common ratio effect ⋮ On complementary symmetry under cumulative prospect theory ⋮ Regret theory: a new foundation ⋮ On the potential for observational equivalence in experiments on risky choice when a power value function is assumed ⋮ Modeling uncertainty in multi-criteria decision analysis ⋮ Consistent probability attitudes ⋮ Sequential route choice modeling based on dynamic reference points and its empirical study ⋮ Attitudes toward uncertainty among the poor: an experiment in rural Ethiopia ⋮ Coherence without additivity. ⋮ Risk-neutral firms can extract unbounded profits from consumers with prospect theory preferences ⋮ Hurwicz expected utility and subjective sources ⋮ Half-full or half-empty? A model of decision making under risk ⋮ Probability weights in rank-dependent utility with binary even-chance independence. ⋮ Separating curvature and elevation: a parametric probability weighting function ⋮ Stake effects on ambiguity attitudes for gains and losses ⋮ Do financial professionals behave according to prospect theory? An experimental study ⋮ Dynamic portfolio choice and asset pricing with narrow framing and probability weighting ⋮ Detecting heterogeneous risk attitudes with mixed gambles ⋮ Measuring the time stability of prospect theory preferences ⋮ Does probability weighting matter in probability elicitation? ⋮ Solving the St. Petersburg paradox in cumulative prospect theory: the right amount of probability weighting ⋮ Are the treasures of game theory ambiguous? ⋮ Segregation and integration: a study of the behaviors of investors with extended value functions ⋮ Computing rank dependent utility in graphical models for sequential decision problems ⋮ Behavioral biases and the representative agent ⋮ Risk aversion elicitation: reconciling tractability and bias minimization ⋮ Aversion to risk of regret and preference for positively skewed risks ⋮ Utility independence of multiattribute utility theory is equivalent to standard sequence invariance of conjoint measurement ⋮ Flexible utility function approximation via cubic Bezier splines ⋮ Disappointment aversion in internet bidding-decisions ⋮ A betting market: Description and a theoretical explanation of bets in Pelota matches ⋮ Accounting for optimism and pessimism in expected utility ⋮ Optimal lottery ⋮ The bipolar Choquet integral representation ⋮ Risk behavior for gain, loss, and mixed prospects ⋮ A tractable method to measure utility and loss aversion under prospect theory ⋮ Third-generation prospect theory ⋮ Portfolio optimization with behavioural preferences and investor memory ⋮ Coopetition for innovation -- the more, the better? An empirical study based on preference disaggregation analysis ⋮ A simple non-parametric method for eliciting prospect theory's value function and measuring loss aversion under risk and ambiguity ⋮ A commuter departure-time model based on cumulative prospect theory ⋮ Salience, systemic risk and spectral risk measures as capital requirements ⋮ Multi-attribute non-expected utility ⋮ Market failure in light of non-expected utility ⋮ Coordination after gains and losses: is prospect theory's value function predictive for games? ⋮ The influence of probabilities on the response mode bias in utility elicitation ⋮ On probabilities and loss aversion ⋮ An index of loss aversion ⋮ Competence effects for choices involving gains and losses ⋮ The behavioural components of risk aversion ⋮ Eliciting decision weights by adapting de Finetti's betting-odds method to prospect theory ⋮ Reconciling Savage's and Luce's modeling of uncertainty: the best of both worlds ⋮ Assessing risky weighting functions for positive and negative binary gambles using the logarithmic derivative function ⋮ Attention-driven probability weighting ⋮ Behavioral heterogeneity in dynamic search situations: theory and experimental evidence ⋮ Reference-dependent expected utility with incomplete preferences ⋮ Parametric weighting functions ⋮ Dynamic consumption and portfolio choice under prospect theory ⋮ Emotion and knowledge in decision making under uncertainty ⋮ Eliciting beliefs ⋮ The ratio bias phenomenon: fact or artifact? ⋮ Probability weighting and the `level' and `spacing' of outcomes: an experimental study over losses ⋮ A revealed reference point for prospect theory ⋮ Delayed probabilistic risk attitude: a parametric approach ⋮ Physician behavior and conditional altruism: the effects of payment system and uncertain health benefit ⋮ Lack of prevalence of the endowment effect: an equilibrium analysis ⋮ Reduction invariance and Prelec's weighting functions ⋮ Testing prospect theories using probability tradeoff consistency ⋮ What is loss aversion? ⋮ Probability weighting for losses and for gains among smallholder farmers in Uganda ⋮ Dutch books: Avoiding strategic and dynamic complications, and a comonotonic extension ⋮ Loss averse behavior ⋮ The likelihood method for decision under uncertainty ⋮ Choices under ambiguity with familiar and unfamiliar outcomes
This page was built for publication: Parameter-Free Elicitation of Utility and Probability Weighting Functions
