-shaped probability weighting functions. The stochastic dominance conditions supply a framework to test different features of Cumulative … function and the probability weighting function. Assuming empirically relevant weighting functions, we can reject the inverse S …

considerable interaction effects with gender. While women’s probability weighting is strongly and significantly susceptible to mood …

dependent expected utility; Prospect theory; Prelec and higher order Prelec probability weighting functions. JEL Classification … high probabilities. A number of probability weighting functions have been proposed that embody this feature; we discuss … from engaging in the dangerous activity but not being caught. If the probability weighting function does not excessively …

considerable interaction effects with gender. While women’s probability weighting is strongly and significantly susceptible to mood …

Probability weighting functions relate objective probabilities and their subjective weights, and play a central role in … simulation and choice experiments to investigate the extent to which different parametric forms of the probability weighting …

We find suggestive evidence that emotional balance has an impact on probability weighting incremental to demographic … probability weighting functions exhibit lower curvature and more neutral elevation. In other words, emotional balance seems to …

study incorporates perceptual conditioning through a non-linear probability weighting function into a utility maximisation …