Search Results - subject:"Fechner Model"

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Stochastic utility theorem

Blavatskyy, Pavlo R. - 2007

Persistent link: https://www.econbiz.de/10003512716

Models of stochastic choice and decision theories : why both are important for analyzing decisions

Blavatskyy, Pavlo R.; Pogrebna, Ganna - 2007

Persistent link: https://www.econbiz.de/10003512724

Stochastic Choice Under Risk

Blavatskyy, Pavlo R. - Institut für Volkswirtschaftslehre, … - 2006

An individual makes random errors when evaluating the expected utility of a risky lottery. Errors are symmetrically distributed around zero as long as an individual does not make transparent mistakes such as choosing a risky lottery over its highest possible outcome for certain. This stochastic...

Persistent link: https://www.econbiz.de/10005627956

Testing the ‘standard’ model of stochastic choice under risk

Butler, David; Isoni, Andrea; Loomes, Graham - In: Journal of Risk and Uncertainty 45 (2012) 3, pp. 191-213

. We present an experimental test of one model, which many regard as the default—the Basic Fechner model. We consider one … data can be accommodated by a more recent variant of the Fechner model, or within the random preference framework …

Persistent link: https://www.econbiz.de/10010987826

Loss aversion

Blavatskyy, Pavlo R. - In: Economic theory : official journal of the Society for … 46 (2011) 1, pp. 127-148

Persistent link: https://www.econbiz.de/10008806375

Stochastic utility theorem

Blavatskyy, Pavlo R. - In: Journal of mathematical economics 44 (2008) 11, pp. 1049-1056

Persistent link: https://www.econbiz.de/10003783817