IDEAS home Printed from https://ideas.repec.org/r/wsi/wschap/9789813235816_0017.html
   My bibliography  Save this item

Experimental investigations of errors in decision making under risk

In: Experiments in Economics Decision Making and Markets

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as


Cited by:

  1. Mel Win Khaw & Ziang Li & Michael Woodford, 2017. "Risk Aversion as a Perceptual Bias," NBER Working Papers 23294, National Bureau of Economic Research, Inc.
  2. Glenn W. Harrison & John A. List, 2004. "Field Experiments," Journal of Economic Literature, American Economic Association, vol. 42(4), pages 1009-1055, December.
  3. Adam Booij & Bernard Praag & Gijs Kuilen, 2010. "A parametric analysis of prospect theory’s functionals for the general population," Theory and Decision, Springer, vol. 68(1), pages 115-148, February.
  4. Chorus, Caspar G. & de Jong, Gerard C., 2011. "Modeling experienced accessibility for utility-maximizers and regret-minimizers," Journal of Transport Geography, Elsevier, vol. 19(6), pages 1155-1162.
  5. Cade Massey & George Wu, 2005. "Detecting Regime Shifts: The Causes of Under- and Overreaction," Management Science, INFORMS, vol. 51(6), pages 932-947, June.
  6. David Bruner, 2009. "Changing the probability versus changing the reward," Experimental Economics, Springer;Economic Science Association, vol. 12(4), pages 367-385, December.
  7. Pavlo Blavatskyy, 2012. "Probabilistic choice and stochastic dominance," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 50(1), pages 59-83, May.
  8. Ryan Webb, 2019. "The (Neural) Dynamics of Stochastic Choice," Management Science, INFORMS, vol. 65(1), pages 230-255, January.
  9. Yun-shil Cha & Michelle Choi & Ying Guo & Michel Regenwetter & Chris Zwilling, 2013. "Reply: Birnbaum's (2012) statistical tests of independence have unknown Type-I error rates and do not replicate within participant," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 8(1), pages 55-73, January.
  10. Pavlo R. Blavatskyy & Ganna Pogrebna, 2010. "Models of stochastic choice and decision theories: why both are important for analyzing decisions," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 25(6), pages 963-986.
  11. Michael H. Birnbaum & Ulrich Schmidt & Miriam D. Schneider, 2017. "Testing independence conditions in the presence of errors and splitting effects," Journal of Risk and Uncertainty, Springer, vol. 54(1), pages 61-85, February.
  12. Royi Jacobovic, 2022. "Regulation of a single-server queue with customers who dynamically choose their service durations," Queueing Systems: Theory and Applications, Springer, vol. 101(3), pages 245-290, August.
  13. repec:cup:judgdm:v:14:y:2019:i:4:p:381-394 is not listed on IDEAS
  14. Arkady Konovalov & Ian Krajbich, 2019. "Revealed strength of preference: Inference from response times," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 14(4), pages 381-394, July.
  15. Matthew Ryan, 2018. "Stochastic Expected Utility for Binary Choice: New Representations," Working Papers 2018-06, Auckland University of Technology, Department of Economics.
  16. Maxim Pinkovskiy, 2009. "Rational Inattention and Choice Under Risk: Explaining Violations of Expected Utility Through a Shannon Entropy Formulation of the Costs of Rationality," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 37(1), pages 99-112, March.
  17. Duffy, Sean & Gussman, Steven & Smith, John, 2021. "Visual judgments of length in the economics laboratory: Are there brains in stochastic choice?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 93(C).
  18. Mandy Ryan & Mabelle Amaya‐Amaya, 2005. "‘Threats’ to and hopes for estimating benefits," Health Economics, John Wiley & Sons, Ltd., vol. 14(6), pages 609-619, June.
  19. Buschena, David E. & Zilberman, David & Feldman, Paul J., 2024. "Deliberation and Differences Determine Difficult Decisions," 2024 Annual Meeting, July 28-30, New Orleans, LA 344042, Agricultural and Applied Economics Association.
  20. Christian Belzil & Tomáš Jagelka, 2024. "Separating Preferences from Endogenous Effort and Cognitive Noise in Observed Decisions," ECONtribute Discussion Papers Series 350, University of Bonn and University of Cologne, Germany.
  21. von Gaudecker, H.M. & van Soest, A.H.O. & Wengstrom, E., 2008. "Selection and Mode Effects in Risk Preference Elicitation Experiments," Other publications TiSEM 35714555-f654-4522-bcb1-b, Tilburg University, School of Economics and Management.
  22. Matthew Ryan, 2015. "Binary Choice Probabilities on Mixture Sets," Working Papers 2015-01, Auckland University of Technology, Department of Economics.
  23. Breitmoser, Yves, 2017. "Discrete Choice with Presentation Effects," Rationality and Competition Discussion Paper Series 35, CRC TRR 190 Rationality and Competition.
  24. Anna Conte & John D. Hey & Peter G. Moffatt, 2018. "Mixture models of choice under risk," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 1, pages 3-12, World Scientific Publishing Co. Pte. Ltd..
  25. 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.
  26. Henk Keffert & Nikolaus Schweizer, 2024. "Stochastic Monotonicity and Random Utility Models: The Good and The Ugly," Papers 2409.00704, arXiv.org.
  27. Addison Pan, 2022. "Empirical tests of stochastic binary choice models," Theory and Decision, Springer, vol. 93(2), pages 259-280, September.
  28. List, John A. & Mason, Charles F., 2011. "Are CEOs expected utility maximizers?," Journal of Econometrics, Elsevier, vol. 162(1), pages 114-123, May.
  29. Wilcox, Nathaniel T., 2011. "'Stochastically more risk averse:' A contextual theory of stochastic discrete choice under risk," Journal of Econometrics, Elsevier, vol. 162(1), pages 89-104, May.
  30. Hans-Martin Gaudecker & Arthur Soest & Erik Wengström, 2012. "Experts in experiments," Journal of Risk and Uncertainty, Springer, vol. 45(2), pages 159-190, October.
  31. John Hey, 2018. "Comparing Theories: What Are We Looking For?," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 14, pages 331-352, World Scientific Publishing Co. Pte. Ltd..
  32. Daniela Di Cagno & Arianna Galliera & Werner Güth & Francesca Marzo & Noemi Pace, 2017. "(Sub) Optimality and (non) optimal satisficing in risky decision experiments," Theory and Decision, Springer, vol. 83(2), pages 195-243, August.
  33. Arkady Konovalov & Ian Krajbich, 2016. "Revealed Indifference: Using Response Times to Infer Preferences," Working Papers 16-01, Ohio State University, Department of Economics.
  34. Charles Mason & Jason Shogren & Chad Settle & John List, 2005. "Investigating Risky Choices Over Losses Using Experimental Data," Journal of Risk and Uncertainty, Springer, vol. 31(2), pages 187-215, September.
  35. Blavatskyy, Pavlo, 2018. "Fechner’s strong utility model for choice among n>2 alternatives: Risky lotteries, Savage acts, and intertemporal payoffs," Journal of Mathematical Economics, Elsevier, vol. 79(C), pages 75-82.
  36. John D. Hey, 2018. "Why We Should Not Be Silent About Noise," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 13, pages 309-329, World Scientific Publishing Co. Pte. Ltd..
  37. repec:ebl:ecbull:v:3:y:2008:i:40:p:1-7 is not listed on IDEAS
  38. David Buschena & David Zilberman, 2008. "Generalized expected utility, heteroscedastic error, and path dependence in risky choice," Journal of Risk and Uncertainty, Springer, vol. 36(2), pages 201-201, April.
  39. 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.
  40. Blavatskyy, Pavlo, 2016. "Probability weighting and L-moments," European Journal of Operational Research, Elsevier, vol. 255(1), pages 103-109.
  41. Matthew Ryan, 2018. "Uncertainty and binary stochastic choice," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 65(3), pages 629-662, May.
  42. Fidanoski, Filip & Johnson, Timothy, 2023. "A z-Tree implementation of the Dynamic Experiments for Estimating Preferences [DEEP] method," Journal of Behavioral and Experimental Finance, Elsevier, vol. 38(C).
  43. Pavlo Blavatskyy, 2007. "Stochastic expected utility theory," Journal of Risk and Uncertainty, Springer, vol. 34(3), pages 259-286, June.
  44. Schmidt, Ulrich & Neugebauer, Tibor, 2003. "An Experimental Investigation of the Role of Errors for Explaining Violations of Expected Utility," Hannover Economic Papers (HEP) dp-279, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
  45. Andrea Morone, 2008. "Comparison of Mean-Variance Theory and Expected-Utility Theory through a Laboratory Experiment," Economics Bulletin, AccessEcon, vol. 3(40), pages 1-7.
  46. Charles-Cadogan, G., 2021. "Market Instability, Investor Sentiment, And Probability Judgment Error in Index Option Prices," CRETA Online Discussion Paper Series 71, Centre for Research in Economic Theory and its Applications CRETA.
  47. Pele Schramm, 2020. "The individual true and error model: Getting the most out of limited data," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 15(5), pages 851-860, September.
  48. Duffy, Sean & Smith, John, 2020. "An economist and a psychologist form a line: What can imperfect perception of length tell us about stochastic choice?," MPRA Paper 99417, University Library of Munich, Germany.
  49. Peter Moffatt, 2005. "Stochastic Choice and the Allocation of Cognitive Effort," Experimental Economics, Springer;Economic Science Association, vol. 8(4), pages 369-388, December.
  50. Huck, Steffen & Weizsacker, Georg, 1999. "Risk, complexity, and deviations from expected-value maximization: Results of a lottery choice experiment," Journal of Economic Psychology, Elsevier, vol. 20(6), pages 699-715, December.
  51. Dagsvik, John K., 2008. "Axiomatization of stochastic models for choice under uncertainty," Mathematical Social Sciences, Elsevier, vol. 55(3), pages 341-370, May.
  52. Guido Baltussen & G. Post & Martijn Assem & Peter Wakker, 2012. "Random incentive systems in a dynamic choice experiment," Experimental Economics, Springer;Economic Science Association, vol. 15(3), pages 418-443, September.
  53. Benjamin Enke & Cassidy Shubatt, 2023. "Quantifying Lottery Choice Complexity," CESifo Working Paper Series 10644, CESifo.
  54. repec:cup:judgdm:v:15:y:2020:i:5:p:851-860 is not listed on IDEAS
  55. Tigran Melkonyan & Zvi Safra, 2016. "Intrinsic Variability in Group and Individual Decision Making," Management Science, INFORMS, vol. 62(9), pages 2651-2667, September.
  56. Blavatskyy, Pavlo, 2013. "Which decision theory?," Economics Letters, Elsevier, vol. 120(1), pages 40-44.
  57. Blavatskyy, Pavlo R., 2008. "Stochastic utility theorem," Journal of Mathematical Economics, Elsevier, vol. 44(11), pages 1049-1056, December.
  58. Buschena, David E. & Atwood, Joseph A., 2011. "Evaluation of similarity models for expected utility violations," Journal of Econometrics, Elsevier, vol. 162(1), pages 105-113, May.
  59. Matthew Ryan, 2015. "A Strict Stochastic Utility Theorem," Economics Bulletin, AccessEcon, vol. 35(4), pages 2664-2672.
  60. Mel Win Khaw & Ziang Li & Michael Woodford, 2021. "Cognitive Imprecision and Small-Stakes Risk Aversion [Linear Mapping of Numbers onto Space Requires Attention]," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 88(4), pages 1979-2013.
  61. José Lara Resende & George Wu, 2010. "Competence effects for choices involving gains and losses," Journal of Risk and Uncertainty, Springer, vol. 40(2), pages 109-132, April.
  62. David J. Freeman & Hanh T. Tong & Lanny Zrill, 2021. "Default-Setting and Default Bias: Does the Choice Architect Matter?," Discussion Papers dp21-08, Department of Economics, Simon Fraser University.
  63. Michael Woodford, 2014. "Stochastic Choice: An Optimizing Neuroeconomic Model," American Economic Review, American Economic Association, vol. 104(5), pages 495-500, May.
  64. 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.
  65. Stracca, Livio, 2004. "Behavioral finance and asset prices: Where do we stand?," Journal of Economic Psychology, Elsevier, vol. 25(3), pages 373-405, June.
  66. John K. Dagsvik, 2005. "Choice under Uncertainty and Bounded Rationality," Discussion Papers 409, Statistics Norway, Research Department.
  67. repec:cup:judgdm:v:8:y:2013:i:1:p:55-73 is not listed on IDEAS
  68. Loomes, Graham & Sugden, Robert, 1995. "Incorporating a stochastic element into decision theories," European Economic Review, Elsevier, vol. 39(3-4), pages 641-648, April.
  69. Daniel Burghart & Paul Glimcher & Stephanie Lazzaro, 2013. "An expected utility maximizer walks into a bar..," Journal of Risk and Uncertainty, Springer, vol. 46(3), pages 215-246, June.
  70. Glenn W. Harrison, 2014. "Real choices and hypothetical choices," Chapters, in: Stephane Hess & Andrew Daly (ed.), Handbook of Choice Modelling, chapter 10, pages 236-254, Edward Elgar Publishing.
  71. Henry Stott, 2006. "Cumulative prospect theory's functional menagerie," Journal of Risk and Uncertainty, Springer, vol. 32(2), pages 101-130, March.
  72. Breitmoser, Yves, 2018. "The Axiomatic Foundation of Logit," Rationality and Competition Discussion Paper Series 78, CRC TRR 190 Rationality and Competition.
  73. David M. Bruner, 2017. "Does decision error decrease with risk aversion?," Experimental Economics, Springer;Economic Science Association, vol. 20(1), pages 259-273, March.
  74. Pavlo Blavatskyy, 2014. "Stronger utility," Theory and Decision, Springer, vol. 76(2), pages 265-286, February.
  75. Krahnen, Jan Pieter & Rieck, Christian & Theissen, Erik, 1997. "Messung individueller Risikoeinstellungen," CFS Working Paper Series 1997/03, Center for Financial Studies (CFS).
  76. Michael Woodford, 2014. "An Optimizing Neuroeconomic Model of Discrete Choice," NBER Working Papers 19897, National Bureau of Economic Research, Inc.
  77. George Wu & Alex B. Markle, 2008. "An Empirical Test of Gain-Loss Separability in Prospect Theory," Management Science, INFORMS, vol. 54(7), pages 1322-1335, July.
  78. Pavlo R. Blavatskyy, 2011. "A Model of Probabilistic Choice Satisfying First-Order Stochastic Dominance," Management Science, INFORMS, vol. 57(3), pages 542-548, March.
  79. Vieider, Ferdinand M. & Truong, Nghi & Martinsson, Peter & Pham Khanh Nam & Martinsson, Peter, 2013. "Risk preferences and development revisited: A field experiment in Vietnam," Discussion Papers, WZB Junior Research Group Risk and Development SP II 2013-403, WZB Berlin Social Science Center.
  80. Peter Zweifel, 2021. "Mental health: The burden of social stigma," International Journal of Health Planning and Management, Wiley Blackwell, vol. 36(3), pages 813-825, May.
  81. Despoina Alempaki & Emina Canic & Timothy L. Mullett & William J. Skylark & Chris Starmer & Neil Stewart & Fabio Tufano, 2019. "Reexamining How Utility and Weighting Functions Get Their Shapes: A Quasi-Adversarial Collaboration Providing a New Interpretation," Management Science, INFORMS, vol. 65(10), pages 4841-4862, October.
  82. Pavlo R. Blavatskyy, 2024. "Harmonic choice model," Theory and Decision, Springer, vol. 96(1), pages 49-69, February.
IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.