Bernheim and Sprenger (2020, Econometrica ; SB) claimed to experimentally falsify rank dependence in prospect theory. This comment criticizes SB’s results and novelty claims. Their experiments only captured well-known heuristics and not genuine preferences. Many more falsifications of rank...

This paper introduces the Prince incentive system for measuring preferences. Prince is a variation of the random incentive system that enhances isolation and makes incentive compatibility more transparent to subjects. It allows for the precise and direct elicitation of indifference values as...

0. Elementary Definitions -- I. From Choice Functions to Binary Relations -- II. Cartesian Product Structure -- III. Additive Representations -- IV. Continuous Subjective Expected Utility -- V. Continuous Subjective Expected Utility for Arbitrary State Spaces -- VI. Subjective Expected Utility...