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The Markowitz model of utility supplemented with a small degree of probability distortion as an explanation of outcomes of Allais experiments over large and small payoffs and gambling on unlikely outcomes
16 references·3 citing·28 second hop
The Markowitz model of utility supplemented with a small degree of probability distortion as an explanation of outcomes of Allais experiments over large and small payoffs and gambling on unlikely outcomes (2007)The Markowitz model of utility supplement…Mental Accounting and Consumer Choice (2008)Mental Accounting and Consume…PROBABILITY WEIGHTING FUNCTION (2005)PROBABILITY WEIGHTING FUNCTIONField Experiments (2004)Field ExperimentsRisk Aversion and Incentive Effects (2002)Risk Aversion and Incentive E…Risk Aversion and Expected-utility Theory: A Calibration Theorem (2000)Risk Aversion and Expected-ut…The Probability Weighting Function (1998)The Probability Weighting Fun…Myopic Loss Aversion and the Equity Premium Puzzle (1995)Myopic Loss Aversion and the …Investigating Generalizations of Expected Utility Theory Using Experimental Data (1994)Investigating Generalizations…Myopic Loss Aversion and the Equity Premium Puzzle (1993)Myopic Loss Aversion and the …Advances in prospect theory: Cumulative representation of uncertainty (1992)Advances in prospect theory: …Prospect theory: An analysis of decision under risk (1988)Prospect theory: An analysis …Mental Accounting and Consumer Choice (1985)Mental Accounting and Consume…Attitudes Toward Risk: Experimental Measurement in Rural India (1980)Attitudes Toward Risk: Experi…Prospect Theory: An Analysis of Decision under Risk (1979)Prospect Theory: An Analysis …Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine (1953)Le Comportement de l'Homme Ra…The Utility of Wealth (1952)The Utility of WealthA dual theory approach to estimating risk preferences in the parimutuel betting market (2017)A dual theory approach to est…Further Analysis of the Markowitz Model of Utility with a small degree of probability distortion (2013)Further Analysis of the Marko…AN EXPLANATION OF OPTIMAL EACH-WAY BETS BASED ON NON-EXPECTED UTILITY THEORY (2013)AN EXPLANATION OF OPTIMAL EAC…Status quo bias in decision making (1988)Do Investors Trade Too Much? (1999)Familiarity Breeds Investment (2001)Investor Psychology and Asset Pricing (2001)Judgment under Uncertainty: Heuristics and Biases (1975)Loss Aversion in Riskless Choice: A Reference-Dependent Model (1991)Individual differences in reasoning: Implications for the rationality debate? (2000)A perspective on judgment and choice: Mapping bounded rationality. (2003)Risk Aversion in the Small and in the Large (1976)On the Shape of the Probability Weighting Function (1999)Developments in Non-Expected Utility Theory: The Hunt for a Descriptive Theory of Choice under Risk (2000)Risk as feelings. (2001)The Framing of Decisions and the Psychology of Choice (1981)Are Investors Reluctant to Realize Their Losses? (1998)Risk, Ambiguity, and the Savage Axioms (1961)Exploration and Exploitation in Organizational Learning (1991)Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance (2007)Theory of games and economic behavior (2019)Risk Aversion in the Small and in the Large (1964)Oxytocin increases trust in humans (2005)Gender Differences in Preferences (2009)INDIVIDUAL RISK ATTITUDES: MEASUREMENT, DETERMINANTS, AND BEHAVIORAL CONSEQUENCES (2011)Trust, Reciprocity, and Social History (1995)Time Discounting and Time Preference: A Critical Review (2002)The Scientific Research Potential of Virtual Worlds (2007)What Do Laboratory Experiments Measuring Social Preferences Reveal About the Real World? (2007)The Online Laboratory: Conducting Experiments in a Real Labor Market∗ (2016)Instructional manipulation checks: Detecting satisficing to increase statistical power (2009)
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References

  • 1979Prospect Theory: An Analysis of Decision under Risk48,459 cited
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  • 1992Advances in prospect theory: Cumulative representation of uncertainty15,457 cited
  • 2002Risk Aversion and Incentive Effects5,973 cited
  • 1985Mental Accounting and Consumer Choice4,875 cited
  • 1953Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine4,117 cited
  • 2008Mental Accounting and Consumer Choice3,415 cited
  • 1995Myopic Loss Aversion and the Equity Premium Puzzle2,486 cited
  • 2004Field Experiments2,321 cited
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  • 2000Risk Aversion and Expected-utility Theory: A Calibration Theorem1,623 cited
  • 1980Attitudes Toward Risk: Experimental Measurement in Rural India1,620 cited
  • 1994Investigating Generalizations of Expected Utility Theory Using Experimental Data1,100 cited
  • 2005PROBABILITY WEIGHTING FUNCTION

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Cited by

  • 2017A dual theory approach to estimating risk preferences in the parimutuel betting market4 cited
  • 2013AN EXPLANATION OF OPTIMAL EACH-WAY BETS BASED ON NON-EXPECTED UTILITY THEORY2 cited
  • 2013Further Analysis of the Markowitz Model of Utility with a small degree of probability distortion1 cited