Two stage rationality under risk: Experimental results and perspectives
Author
Abstract
Suggested Citation
DOI: 10.1007/BF02735314
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- John D. Hey & Chris Orme, 2018.
"Investigating Generalizations Of Expected Utility Theory Using Experimental Data,"
World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 3, pages 63-98,
World Scientific Publishing Co. Pte. Ltd..
- Hey, John D & Orme, Chris, 1994. "Investigating Generalizations of Expected Utility Theory Using Experimental Data," Econometrica, Econometric Society, vol. 62(6), pages 1291-1326, November.
- Quiggin, John, 1982. "A theory of anticipated utility," Journal of Economic Behavior & Organization, Elsevier, vol. 3(4), pages 323-343, December.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Bocqueho, Geraldine & Jacquet, Florence & Reynaud, Arnaud, 2011. "Expected Utility or Prospect Theory Maximizers? Results from a Structural Model based on Field-experiment Data," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114257, European Association of Agricultural Economists.
- Luís Santos-Pinto & Adrian Bruhin & José Mata & Thomas Åstebro, 2015.
"Detecting heterogeneous risk attitudes with mixed gambles,"
Theory and Decision, Springer, vol. 79(4), pages 573-600, December.
- Astebro , Thomas & Santos-Pinto , Luís, 2014. "Detecting Heterogeneous Risk Attitudes with Mixed Gambles," HEC Research Papers Series 1042, HEC Paris.
- Simone Cerreia-Vioglio & David Dillenberger & Pietro Ortoleva & Gil Riella, 2019.
"Deliberately Stochastic,"
American Economic Review, American Economic Association, vol. 109(7), pages 2425-2445, July.
- Simone Cerreia-Vioglio & David Dillenberger & Pietro Ortoleva & Gil Riella, 2012. "Deliberately Stochastic," PIER Working Paper Archive 17-013, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 25 May 2017.
- Jakusch, Sven Thorsten, 2017. "On the applicability of maximum likelihood methods: From experimental to financial data," SAFE Working Paper Series 148, Leibniz Institute for Financial Research SAFE, revised 2017.
- Thomas Epper & Helga Fehr-Duda & Adrian Bruhin, 2011.
"Viewing the future through a warped lens: Why uncertainty generates hyperbolic discounting,"
Journal of Risk and Uncertainty, Springer, vol. 43(3), pages 169-203, December.
- Thomas Epper & Helga Fehr-Duda & Adrian Bruhin, 2010. "Viewing the future through a warped lens: Why uncertainty generates hyperbolic discounting," IEW - Working Papers 510, Institute for Empirical Research in Economics - University of Zurich.
- Drichoutis, Andreas & Lusk, Jayson, 2012. "Risk preference elicitation without the confounding effect of probability weighting," MPRA Paper 37762, University Library of Munich, Germany.
- Maier, Johannes & Rüger, Maximilian, 2010. "Measuring Risk Aversion Model-Independently," Discussion Papers in Economics 11873, University of Munich, Department of Economics.
- Galarza, Francisco, 2009.
"Choices under Risk in Rural Peru,"
MPRA Paper
17708, University Library of Munich, Germany.
- Francisco Galarza, 2009. "Choices under risk in rural peru," Artefactual Field Experiments 00047, The Field Experiments Website.
- Galarza, Francisco B., 2009. "Choices under Risk in Rural Peru," Staff Paper Series 542, University of Wisconsin, Agricultural and Applied Economics.
- Galarza, Francisco B., 2009. "Choices under Risk in Rural Peru," Staff Papers 92247, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.
- Aluma Dembo & Shachar Kariv & Matthew Polisson & John Quah, 2021.
"Ever since Allais,"
IFS Working Papers
W21/15, Institute for Fiscal Studies.
- Aluma Dembo & Shachar Kariv & Matthew Polisson & John K.-H. Quah, 2021. "Ever Since Allais," Bristol Economics Discussion Papers 21/745, School of Economics, University of Bristol, UK.
- Stein T. Holden & Mesfin Tilahun, 2024.
"Can Climate Shocks Make Vulnerable Subjects More Willing to Take Risks?,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 87(4), pages 967-1007, April.
- Holden, Stein T. & Tilahun, Mesfin, 2023. "Can climate shocks make vulnerable subjects more willing to take risks?," CLTS Working Papers 3/23, Norwegian University of Life Sciences, Centre for Land Tenure Studies.
- Nathaniel T. Wilcox, 2024.
"Conditional independence in a binary choice experiment,"
Journal of Risk and Uncertainty, Springer, vol. 68(3), pages 205-225, June.
- Nathaniel T. Wilcox, 2018. "Conditional Independence in a Binary Choice Experiment," Working Papers 18-08, Chapman University, Economic Science Institute.
- Nathaniel T. Wilcox, 2024. "Conditional Independence in a Binary Choice Experiment," Working Papers 24-15, Department of Economics, Appalachian State University.
- Amit Kothiyal & Vitalie Spinu & Peter Wakker, 2014. "An experimental test of prospect theory for predicting choice under ambiguity," Journal of Risk and Uncertainty, Springer, vol. 48(1), pages 1-17, February.
- Jakusch, Sven Thorsten & Meyer, Steffen & Hackethal, Andreas, 2019. "Taming models of prospect theory in the wild? Estimation of Vlcek and Hens (2011)," SAFE Working Paper Series 146, Leibniz Institute for Financial Research SAFE, revised 2019.
- Stephen G Dimmock & Roy Kouwenberg & Olivia S Mitchell & Kim Peijnenburg, 2021.
"Household Portfolio Underdiversification and Probability Weighting: Evidence from the Field,"
The Review of Financial Studies, Society for Financial Studies, vol. 34(9), pages 4524-4563.
- Peijnenburg, Kim & Dimmock, Steve & Kouwenberg, Roy & Mitchell, Olivia S, 2018. "Household Portfolio Underdiversification and Probability Weighting: Evidence from the Field," CEPR Discussion Papers 13109, C.E.P.R. Discussion Papers.
- Stephen G. Dimmock & Roy Kouwenberg & Olivia S. Mitchell & Kim Peijnenburg, 2018. "Household Portfolio Underdiversification and Probability Weighting: Evidence from the Field," NBER Working Papers 24928, National Bureau of Economic Research, Inc.
- Andersen, Steffen & Harrison, Glenn W. & Lau, Morten Igel & Rutström, Elisabet E., 2010.
"Behavioral econometrics for psychologists,"
Journal of Economic Psychology, Elsevier, vol. 31(4), pages 553-576, August.
- Steffen Andersen & Glenn W. Harrison & Morten Igel Lau & Elisabet E. Rutstroem, 2007. "Behavioral Econometrics for Psychologists," Department of Economics Working Papers 2007_08, Durham University, Department of Economics.
- Andersen, Steffen & Harrison, Glenn W. & Lau, Morten Igel & Rutström, Elisabeth E., 2007. "Behavioral Econometrics for Psychologists," Working Papers 18-2007, Copenhagen Business School, Department of Economics.
- Andersen, Steffen & Harrison, Glenn W. & Lau, Morten Igel & Rutström, Elisabet E., 2009. "Behavioral Econometrics for Psychologists," Working Papers 04-2009, Copenhagen Business School, Department of Economics.
- Stephen L. Cheung, 2020.
"Eliciting utility curvature in time preference,"
Experimental Economics, Springer;Economic Science Association, vol. 23(2), pages 493-525, June.
- Cheung, Stephen L., 2015. "Eliciting utility curvature and time preference," Working Papers 2015-01, University of Sydney, School of Economics.
- Cheung, Stephen L., 2019. "Eliciting Utility Curvature in Time Preference," IZA Discussion Papers 12535, Institute of Labor Economics (IZA).
- Kontek, Krzysztof, 2015. "Fanning-Out or Fanning-In? Continuous or Discontinuous? Estimating Indifference Curves Inside the Marschak-Machina Triangle using Certainty Equivalents," MPRA Paper 63965, University Library of Munich, Germany.
- Grant, Simon & Kajii, Atsushi, 1998.
"AUSI expected utility: An anticipated utility theory of relative disappointment aversion,"
Journal of Economic Behavior & Organization, Elsevier, vol. 37(3), pages 277-290, November.
- GRANT, Simon & KAJII, Atsushi, 1994. "Ausi Expected Utility : An Anticipated Utility Theory of Relative Disappointment Aversion," LIDAM Discussion Papers CORE 1994045, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Egil Matsen & Bjarne Strøm, 2006.
"Joker: Choice in a simple game with large stakes,"
Working Paper Series
8307, Department of Economics, Norwegian University of Science and Technology.
- Egil Matsen & Bjarne Strom, 2006. "Joker: Choice in a simple game with large stakes," Natural Field Experiments 00236, The Field Experiments Website.
- Fehr-Duda, Helga & Epper, Thomas & Bruhin, Adrian & Schubert, Renate, 2011.
"Risk and rationality: The effects of mood and decision rules on probability weighting,"
Journal of Economic Behavior & Organization, Elsevier, vol. 78(1), pages 14-24.
- Fehr-Duda, Helga & Epper, Thomas & Bruhin, Adrian & Schubert, Renate, 2011. "Risk and rationality: The effects of mood and decision rules on probability weighting," Journal of Economic Behavior & Organization, Elsevier, vol. 78(1-2), pages 14-24, April.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:decfin:v:21:y:1998:i:1:p:3-23. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.