Search Results - subject:"Common ratio effect"

Blavatskyy, Pavlo; Panchenko, Valentyn; Ortmann, Andreas - In: Experimental economics : a journal of the Economic … 26 (2023) 2, pp. 253-272

Persistent link: https://www.econbiz.de/10014252505

Econographics

Chapman, Jonathan; Dean, Mark; Ortoleva, Pietro; … - 2018

We study the pattern of correlations across a large number of behavioral regularities, with the goal of creating an empirical basis for more comprehensive theories of decision-making. We elicit 21 behaviors using an incentivized survey on a representative sample (n = 1;000) of the U.S....

Persistent link: https://www.econbiz.de/10011931952

Econographics

Chapman, Jonathan; Dean, Mark; Ortoleva, Pietro; … - 2018

Persistent link: https://www.econbiz.de/10011911886

Econographics

Chapman, Jonathan; Dean, Mark; Ortoleva, Pietro; … - 2018

Persistent link: https://www.econbiz.de/10011897575

The common ratio effect in choice, pricing, and happiness tasks

Schneider, Mark; Shor, Mikhael - 2016

Persistent link: https://www.econbiz.de/10011547737

Reconsidering the common ratio effect: The roles of compound independence, reduction, and coalescing

Schmidt, Ulrich; Seidl, Christian - 2014

coalescing is systematically violated. This result provides support for theories which explain the common ratio effect by … lotteries, and coalescing. In other words, at least one of these axioms should be violated in order to generate a common ratio … effect. Relying on a simple experiment, we investigate which failure of these axioms is concomitant with the empirical …

Persistent link: https://www.econbiz.de/10010369276

The Distorted Theory of Rank-Dependent Expected Utility

Huang, Hui; Zhang, Shunming - In: Annals of Economics and Finance 12 (2011) 2, pp. 233-263

the distorted independence axiom to explain the Allais paradox and the common ratio effect. …

Persistent link: https://www.econbiz.de/10009278161

Reverse Common Ratio Effect

Blavatskyy, Pavlo R. - Institut für Volkswirtschaftslehre, … - 2010

these violations is exactly the opposite of the classical common ratio effect discovered by Allais (1953). Two recent …)—predicted the existence of a reverse common ratio effect. However, these theories can rationalize only one part of the new …

Persistent link: https://www.econbiz.de/10008625739

Decision Utility Theory: Back to von Neumann, Morgenstern, and Markowitz

Kontek, Krzysztof - Volkswirtschaftliche Fakultät, … - 2010

Prospect Theory (1979) and its Cumulative version (1992) argue for probability weighting to explain lottery choices. Decision Utility Theory presents an alternative solution, which makes no use of this concept. The new theory distinguishes decision and perception utility, postulates a double...

Persistent link: https://www.econbiz.de/10008756284

The Illusion of Irrationality

Kontek, Krzysztof - Volkswirtschaftliche Fakultät, … - 2009

This short paper shows that the Allais Paradox and the Common Ratio Effect regarded as classic examples of the …

Persistent link: https://www.econbiz.de/10008458513