A tractable method to measure utility and loss aversion under prospect theory
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Publication:941734
DOI10.1007/s11166-008-9039-8zbMath1151.91426OpenAlexW2163782744MaRDI QIDQ941734
Mohammed Abdellaoui, Olivier L'Haridon, Han Bleichrodt
Publication date: 2 September 2008
Published in: Journal of Risk and Uncertainty (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1007/s11166-008-9039-8
Related Items (34)
Intertemporal preference with loss aversion: consumption and risk-attitude ⋮ Individual-level loss aversion in riskless and risky choices ⋮ The role of information search and its influence on risk preferences ⋮ Risk pricing in a non-expected utility framework ⋮ A parametric analysis of prospect theory's functionals for the general population ⋮ FRAMING OF INCENTIVES AND EFFORT PROVISION ⋮ Upgrade auctions in build-to-order manufacturing with loss-averse customers ⋮ Deciding about human lives: an experimental measure of risk attitudes under prospect theory ⋮ Towards a general class of parametric probability weighting functions ⋮ Individual vs. couple behavior: an experimental investigation of risk preferences ⋮ Conditional non-expected utility preferences induced by mixture of lotteries: a note on the normative invalidity of expected utility theory ⋮ Return smoothing in life insurance from a client perspective ⋮ Prospect theory in multiple price list experiments: further insights on behaviour in the loss domain ⋮ All at once! A comprehensive and tractable semi-parametric method to elicit prospect theory components ⋮ Separating curvature and elevation: a parametric probability weighting function ⋮ On the predictions of cumulative prospect theory for third and fourth order risk preferences ⋮ Multi-attribute gain loss (MAGL) method to predict choices ⋮ Detecting heterogeneous risk attitudes with mixed gambles ⋮ Measuring the time stability of prospect theory preferences ⋮ Risk aversion elicitation: reconciling tractability and bias minimization ⋮ On discrimination in health insurance ⋮ Emergency-dependent supply decisions with risk perception and price control ⋮ Optimal lottery ⋮ Risk behavior for gain, loss, and mixed prospects ⋮ Probabilistic risk attitudes and local risk aversion: a paradox ⋮ Multi-attribute non-expected utility ⋮ Reining in excessive risk-taking by executives: the effect of accountability ⋮ Dynamic consumption and portfolio choice under prospect theory ⋮ The ratio bias phenomenon: fact or artifact? ⋮ Probability weighting and the `level' and `spacing' of outcomes: an experimental study over losses ⋮ Do people maximize quantiles? ⋮ Lack of prevalence of the endowment effect: an equilibrium analysis ⋮ From uniform expected utility to uniform rank-dependent utility: an experimental study ⋮ Comparing attitudes toward time and toward money in experience-based decisions
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