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Gambling and nonexpected utility: the perils of the power function
16 references·1 citing·30 second hop
Gambling and nonexpected utility: the perils of the power function (2007)Gambling and nonexpected utility: the per…Stocks as Lotteries: The Implications of Probability Weighting for Security Prices (2008)Stocks as Lotteries: The Impl…Stocks as Lotteries: the Implications of Probability Weighting for Security Prices (2005)Stocks as Lotteries: the Impl…PROBABILITY WEIGHTING FUNCTION (2005)PROBABILITY WEIGHTING FUNCTIONThe representative bettor, bet size, and prospect theory (2003)The representative bettor, be…Rational escalation of costs by playing a sequence of unfavorable gambles: the martingale (2003)Rational escalation of costs …Risk Aversion and Expected-utility Theory: A Calibration Theorem (2000)Risk Aversion and Expected-ut…The Probability Weighting Function (1998)The Probability Weighting Fun…Bettors Love Skewness, Not Risk, at the Horse Track (1998)Bettors Love Skewness, Not Ri…Generalized Expected Utility Theory. The Rank-Dependent Model (1996)Generalized Expected Utility …Generalized Expected Utility Theory (1993)Generalized Expected Utility …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 …The St. Petersburg Paradox and Bounded Utility (1987)The St. Petersburg Paradox an…Prospect Theory: An Analysis of Decision under Risk (1979)Prospect Theory: An Analysis …Expected Utility Hypotheses and the Allais Paradox (1979)Expected Utility Hypotheses a…The Erroneous Approximation of Expected Utility by Means of a Taylor's Series Expansion: Analytic and Computational Results (1976)The Erroneous Approximation o…Betting on odds on favorites as an optimal choice in cumulative prospect theory (2007)Betting on odds on favorites …Judgment under Uncertainty: Heuristics and Biases (1975)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)Risk, Ambiguity, and the Savage Axioms (1961)The Framing of Decisions and the Psychology of Choice (1981)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)Loss Aversion in Riskless Choice: A Reference-Dependent Model (1991)Risk Aversion and Incentive Effects (2002)Cognitive Reflection and Decision Making (2005)Psychology and Economics: Evidence from the Field (2009)Parameter-Free Elicitation of Utility and Probability Weighting Functions (2000)Salience Theory of Choice Under Risk (2012)Choices, Values, and Frames (2013)Utilities and Quality-Adjusted Life Years (1989)Behavioral Portfolio Theory (2000)Risk Aversion in the Laboratory (2008)Axiomatic characterization of insurance prices (1997)Lectures on Stochastic Programming: Modeling and Theory (2009)High Idiosyncratic Volatility and Low Returns: International and Further U.S. Evidence (2008)The Idiosyncratic Volatility Puzzle: Time Trend or Speculative Episodes? (2009)Speculative Retail Trading and Asset Prices (2011)Expected Idiosyncratic Skewness (2009)Maxing out: Stocks as lotteries and the cross-section of expected returns (2010)Arbitrage Asymmetry and the Idiosyncratic Volatility Puzzle (2015)
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References

  • 1979Prospect Theory: An Analysis of Decision under Risk48,459 cited
  • 1988Prospect theory: An analysis of decision under risk32,475 cited
  • 1992Advances in prospect theory: Cumulative representation of uncertainty15,457 cited
  • 1998The Probability Weighting Function1,998 cited
  • 2000Risk Aversion and Expected-utility Theory: A Calibration Theorem1,623 cited
  • 2008Stocks as Lotteries: The Implications of Probability Weighting for Security Prices1,548 cited
  • 2005PROBABILITY WEIGHTING FUNCTION1,041 cited
  • 1979Expected Utility Hypotheses and the Allais Paradox590 cited
  • 2005Stocks as Lotteries: the Implications of Probability Weighting for Security Prices513 cited
  • 1996Generalized Expected Utility Theory. The Rank-Dependent Model478 cited
  • 1993Generalized Expected Utility Theory478 cited
  • 1998Bettors Love Skewness, Not Risk, at the Horse Track402 cited
  • 1976The Erroneous Approximation of Expected Utility by Means of a Taylor's Series Expansion: Analytic and Computational Results106 cited
  • 1987The St. Petersburg Paradox and Bounded Utility29 cited
  • 2003The representative bettor, bet size, and prospect theory21 cited

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  • 2003Rational escalation of costs by playing a sequence of unfavorable gambles: the martingale13 cited
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    • 2007Betting on odds on favorites as an optimal choice in cumulative prospect theory3 cited