Search Results - subject:"Probability weighting"

Estimating lifetime or episode‐of‐illness costs under censoring

Basu, Anirban; Manning, Willard G. - In: Health Economics 19 (2010) 9, pp. 1010-1028

on inverse probability weighting (IPW) with the survival from censoring probabilities. These estimators also cannot …

Persistent link: https://www.econbiz.de/10008455461

The Behavioral Economics of Crime and Punishment

Dhami, Sanjit; al-Nowaihi, Ali - Department of Economics, Leicester University - 2010

The Becker proposition (BP) is one of the founding pillars of the modern literature on Law and Economics. It states that it is optimal to impose the severest possible punishment (to maintain effective deterrence) at the lowest possible probability (to economize on enforcement costs). The BP is...

Persistent link: https://www.econbiz.de/10008457272

The Behavioral Economics of Insurance

al-Nowaihi, Ali; Dhami, Sanjit - Department of Economics, Leicester University - 2010

axiomatically-founded probability weighting functions, the composite Prelec weighting functions CPF) that simultaneously account for …

Persistent link: https://www.econbiz.de/10008458599

A parametric analysis of prospect theory's functionals for the general population

Booij, Adam S.; van Praag, Bernard M. S.; van de … - 2009

results show that probability weighting is also an important phenomenon in the general population. Women and lower educated …This paper presents the results of an experiment that completely measures the utility function and probability … weighting function for different positive and negative monetary outcomes, using a representative sample of N = 1935 from the …

Persistent link: https://www.econbiz.de/10010276981

A parametric analysis of prospect theory's functionals for the general population

Booij, Adam S.; van Praag, Bernard M. S.; van de … - 2009

Persistent link: https://www.econbiz.de/10010277017

Conditioning and updating under cumulative prospect theory

Stomper, Alex; Vierø, Marie-Louise - 2009

probabilities and conditional expected utility generalizes to Cumulative Prospect Theory, as well as updating rules for probability … weighting functions. The results are, for example, of interest for empirical and experimental work, when available choice data …

Persistent link: https://www.econbiz.de/10010290361

Dynamic Health Care Decisions and Child Health in South Africa

Koch, Steven Fredric; Alaba, Olufunke A. - In: Journal of Income Distribution 18 (2009) 3-4, pp. 188-205

A large number of child deaths in developing countries could be averted if ill children received care sooner rather than later or not at all. This article analyses the health care treatment pathway that is followed for children under the age of six. The majority of these children receive...

Persistent link: https://www.econbiz.de/10010820085

A Parametric Analysis of Prospect Theory's Functionals for the General Population

Booij, Adam S.; Praag, Bernard M.S. Van; Kuilen, Gijs Van De - CESifo - 2009

Persistent link: https://www.econbiz.de/10005000376

Absolute vs. Relative Notion of Wealth Changes

Kontek, Krzysztof - Volkswirtschaftliche Fakultät, … - 2009

This paper discusses solutions derived from lottery experiments using two alternative assumptions: that people perceive wealth changes as absolute amounts of money; and that people consider wealth changes as a proportion of some reference value dependant on the context of the problem under...

Persistent link: https://www.econbiz.de/10005089325

A Parametric Analysis of Prospect Theory's Functionals for the General Population

Booij, Adam S.; Praag, Bernard M. S. van; van de … - Institute for the Study of Labor (IZA) - 2009

Persistent link: https://www.econbiz.de/10005822425