Similar Search Results

An explicit representation for disappointment aversion and other betweenness preferences

Cerreia-Vioglio, Simone; Dillenberger, David; Ortoleva, … - In: Theoretical economics : TE ; an open access journal in … 15 (2020) 4, pp. 1509-1546

One of the most well-known models of non-expected utility is Gul (1991)'s model of Disappointment Aversion. This model …, however, is defined implicitly, as the solution to a functional equation; its explicit utility representation is unknown …

Persistent link: https://www.econbiz.de/10012415476

Consistent Investment of Sophisticated Rank-Dependent Utility Agents in Continuous Time

Hu, Ying - 2020

-dependent utility. As such a model is inherently time inconsistent due to the underlying probability weighting, we study the investment …

Persistent link: https://www.econbiz.de/10012832328

Public Goods Games and Psychological Utility : Theory and Evidence

Dhami, Sanjit S. - 2017

We consider a public goods game which incorporates guilt-aversion/surprise-seeking and the attribution of intentions behind these emotions (Battigalli and Dufwenberg, 2007; Khalmetski et al., 2015). We implement the induced beliefs method (Ellingsen et al., 2010) and a within-subjects design using...

Persistent link: https://www.econbiz.de/10012961708

Public Goods Games and Psychological Utility : Theory and Evidence

Dhami, Sanjit S. - 2018

We consider a theoretical model of a public goods game that incorporates reciprocity, guilt-aversion/surprise-seeking, and the attribution of intentions behind these emotions. In order to test our predictions, we implement the ‘induced beliefs method' and a within-subjects design, using the...

Persistent link: https://www.econbiz.de/10012916525

Utility, Games, and Narratives

Fioretti, Guido - 2011

particular, stress is laid on the interaction of several decision-makers. A substantial part of this paper is devoted to utility … maximization and its application to collective decision-making, Game Theory. However, the pitfalls of utility maximization are …

Persistent link: https://www.econbiz.de/10014204548

Predicting Behavior in Games : Loss Aversion vs. Rank Dependent Utility vs. Range Utility Theory

Baucells, Manel; Leclerc, Phil; Lewandowski, Michał; … - 2023

, range utility theory, preserves much of the descriptive realism of rank-dependent utility, while sharing the theoretical and … computational advantages of expected utility. We compare the two models using simple games of strategy as examples, and discuss the …

Persistent link: https://www.econbiz.de/10014343683