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Knock-out for descriptive utility or experimental-design error?

Author

Listed:
  • Stefan Traub
  • Christian Seidl
  • Ulrich Schmidt
  • Peter Grösche

Abstract

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Suggested Citation

  • Stefan Traub & Christian Seidl & Ulrich Schmidt & Peter Grösche, 1999. "Knock-out for descriptive utility or experimental-design error?," Journal of Economics, Springer, vol. 70(2), pages 109-126, June.
    • Handle: RePEc:kap:jeczfn:v:70:y:1999:i:2:p:109-126
    DOI: 10.1007/BF01224765
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    References listed on IDEAS

    as
    1. Yaari, Menahem E, 1987. "The Dual Theory of Choice under Risk," Econometrica, Econometric Society, vol. 55(1), pages 95-115, January.
    2. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
    3. Chechile, Richard A & Luce, R Duncan, 1999. "Reanalysis of the Chechile-Cooke Experiment: Correcting for Mismatched Gambles," Journal of Risk and Uncertainty, Springer, vol. 18(3), pages 321-325, October.
    4. Luce, R Duncan & Fishburn, Peter C, 1991. "Rank- and Sign-Dependent Linear Utility Models for Finite First-Order Gambles," Journal of Risk and Uncertainty, Springer, vol. 4(1), pages 29-59, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    generic-utility theory; subjective equivalence of gambles; experimental design of utility scaling; C20; D81; C91;
    All these keywords.

    JEL classification:

    • C20 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - General
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior

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