Search Results - subject:"Probability weighting"

Bijwaard, Govert; Kappe, E.R. - Faculteit der Economische Wetenschappen, Erasmus … - 2005

The issue of lifelong learning is high on the political agenda. However, despite this political interest and the large economic literature on human capital, the impact of work-related training on the discrepancy between function requirements and the skills of the employee has been ignored. In...

Persistent link: https://www.econbiz.de/10010731747

Panel data analysis of dentists’ activity under global budgeting in the presence of activityrelated non-response

Lee, Miaw-Chwen; Jones, Andrew M - Department of Economics and Related Studies, University … - 2005

-response (2) variable addition tests (3) inverse probability weighting. The results show evidence of activity-related non …

Persistent link: https://www.econbiz.de/10005695795

Prospect Theory or Skill Signaling?

Harbaugh, Rick - Department of Business Economics and Public Policy, … - 2005

, probability weighting, and framing effects. Loss aversion arises because losing any gamble, even a friendly bet with little or no … money at stake, reflects poorly on the decision maker’s skill. Probability weighting emerges because winning a gamble with a …

Persistent link: https://www.econbiz.de/10005696153

Measuring risk aversion with lists: A new bias

Bosch-Domenech, Antoni; Silvestre, Joaquim - Economics Department, University of California-Davis - 2012

Various experimental procedures aimed at measuring individual risk aversion involve a list of pairs of alternative prospects. We first study the widely used method by Holt and Laury (2002), for which we find that the removal of some items from the lists yields a systematic decrease in risk...

Persistent link: https://www.econbiz.de/10010826385

Identification of Average Treatment Effects in Social Experiments Under Alternative Forms of Attrition

Huber, Martin - In: Journal of Educational and Behavioral Statistics 37 (2012) 3, pp. 443-474

methods of inverse probability weighting (IPW) that are tailored to the specific missing data problem at hand. In particular …

Persistent link: https://www.econbiz.de/10010775981

Comparing risk preferences over financial and environmental lotteries

Riddel, Mary - In: Journal of Risk and Uncertainty 45 (2012) 2, pp. 135-157

subjects’ behavioral, attitudinal, and demographic characteristics affect their probability weighting functions first for …

Persistent link: https://www.econbiz.de/10010863452

Behavioral biases and the representative agent

Jouini, Elyès; Napp, Clotilde - In: Theory and Decision 73 (2012) 1, pp. 97-123

Persistent link: https://www.econbiz.de/10010865809

A Model of Casino Gambling

Barberis, Nicholas - In: Management Science 58 (2012) 1, pp. 35-51

. Second, we show that the probability weighting embedded in prospect theory leads to a plausible time inconsistency: at the …

Persistent link: https://www.econbiz.de/10010990606

A note on improving the efficiency of inverse probability weighted estimator using the augmentation term

Han, Peisong - In: Statistics & Probability Letters 82 (2012) 12, pp. 2221-2228

The augmented inverse probability weighted (AIPW) estimator employing the optimal augmentation term is more efficient than the inverse probability weighted (IPW) estimator. However, the AIPW estimator could lose substantial efficiency compared to the IPW estimator when the optimal augmentation...

Persistent link: https://www.econbiz.de/10011040064

Dynamic portfolio choice and asset pricing with narrow framing and probability weighting

Giorgi, Enrico G. De; Legg, Shane - In: Journal of Economic Dynamics and Control 36 (2012) 7, pp. 951-972

aversion into dynamic models of portfolio choice and asset pricing can be extended to also account for probability weighting … and for a value function that is convex on losses and concave on gains. We show that the addition of probability weighting …

Persistent link: https://www.econbiz.de/10010577447