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Separating attitudes towards money from attitudes towards probabilities : stake effects and ambiguity as a test for prospect theory

Vieider, Ferdinand M.; Cingl, Lubomír; Martinsson, Peter; … - 2013

Prospect theory (PT) is the dominant descriptive theory of decision making under risk today. For the modeling of … experiments. In the first experiment, we elicit the value and probability weighting functions both under known and unknown … probability transformations rather than utility transformations. In the second experiment, we examine the effects of an increase …

Persistent link: https://www.econbiz.de/10009792472

Aversion to risk of regret and preference for positively skewed risks

Gollier, Christian - 2016

Persistent link: https://www.econbiz.de/10012216637

An effective and simple tool for measuring loss aversion

L'Haridon, Olivier; Webb, Craig S.; Zank, Horst - 2021

Persistent link: https://www.econbiz.de/10012793579

Ambiguity framed

Schneider, Mark; Leland, Jonathan W.; Wilcox, Nathaniel T. - 2016

Persistent link: https://www.econbiz.de/10011486367

Probability dominance

Diecidue, Enrico; Levy, Haim; Levy, Moshe - 2018

Persistent link: https://www.econbiz.de/10012060398

Chapter 4. Assessment and Estimation of Risk Preferences

Holt, Charles A.; Laury, Susan K. - In: Handbook of the economics of risk and uncertainty : volume 1, (pp. 135-201). 2014

This chapter surveys the rapidly growing literature in which risk preferences are measured and manipulated in laboratory and field experiments. The most commonly used measurement instruments are: an investment task for allocations between a safe and risky asset, a choice menu task for eliciting...

Persistent link: https://www.econbiz.de/10014025528

Bringing (contingent) loss aversion down to earth : a comment on Gal & Rucker's rejection of "losses loom larger than gains"

Simonson, Itamar; Kivetz, Ran - In: Journal of consumer psychology : JCP : the official … 28 (2018) 3, pp. 517-522

Persistent link: https://www.econbiz.de/10011917328

Stake effects on ambiguity attitudes for gains and losses

Bouchouicha, Ranoua; Martinsson, Peter; Medhin, … - 2017 - Published online: 5 January 2017

We test the effect of stake size on ambiguity attitudes. Compared to a baseline condition, we find subjects to be more ambiguity seeking for small-probability gains and large-probability losses under high stakes. They are also more ambiguity averse for large-probability gains and...

Persistent link: https://www.econbiz.de/10011723906

Very low probabilities in the loss domain

Hajimoladarvish, Narges - In: The Geneva risk and insurance review 42 (2017) 1, pp. 41-58

Persistent link: https://www.econbiz.de/10011665639

Measuring loss aversion under ambiguity : a method to make prospect theory completely observable

Abdellaoui, Mohammed; Bleichrodt, Han; L'Haridon, Olivier; … - In: Journal of risk and uncertainty : JRU 52 (2016) 1, pp. 1-20

Persistent link: https://www.econbiz.de/10011669498