Reference-dependent subjective expected utility

Keywords

Axiom, Expected utility hypothesis, Preference, Set (abstract data type), Prospect theory

References

• Reversal of the preference reversal phenomenonJeff T. Casey — 1991
• Testing Different Stochastic Specificationsof Risky ChoiceGraham Loomes, Robert Sugden — 1998
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• Inconsistent preferences among gambles.Harold R. Lindman — 1971
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• Advances in prospect theory: Cumulative representation of uncertaintyAmos Tversky, Daniel Kahneman — 1992
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• A Microeconometric Test of Alternative Stochastic Theories of Risky ChoiceGraham Loomes, Peter G. Moffatt, Robert Sugden — 2002
• Willingness to Pay and Compensation Demanded: Experimental Evidence of an Unexpected Disparity in Measures of ValueJack L. Knetsch, Jack A. Sinden — 1984
• Valuing Environmental PreferencesI. Bateman, K. Willis — 2001
• Risk Aversion and Expected Utility Theory: A Calibration TheoremMatthew Rabin — 2000
• Prospect theory: An analysis of decision under risk Econometrica 47Daniel Kahneman, Amos Tversky — 1979
• Hypothetical Valuations and Preference Reversals in the Context of Asset TradingV. Smith, Marc Knez — 1987
• Journal of Economic TheoryJesús Fernández-Villaverde, Daniel R. Sanches
• Alternatives to the Neo‐Classical Theory of ChoiceR. Sugden — 2001
• The handbook of experimental economicsJ. Kagel, A. Roth — 1995

Cited by

• Essays on auctions and Bayesian games with endogenous expectationsHusnain Ahmad — 2014
• Fair Intergenerational Utilitarianism: Risk, its Resolution Over Time, and DiscountingPaolo G. Piacquadio — 2014
• Essays on reference-dependent preferencesMacera Parra, Rosario Claudia — 2010
• Procedures d'agregation ordinale de preferences avec points de reference pour l'aide a la decision. (Ordinal preferences aggregation rules with reference points for decision aiding)Antoine Rolland — 2008
• Consumption experience, choice experience and the endowment effectSteven J. Humphrey, Luke Lindsay, Chris Starmer — 2017
• Decision Theory Models of Information and ConsiderationJuan Sebastián Lleras — 2011
• Does Financial Integration Increase Welfare? Evidence from International Household-Level DataChristian Friedrich — 2015
• Source-Dependence of Utility and Loss Aversion: A Critical Test of Ambiguity ModelsMohammed Abdellaoui, Han Bleichrodt, Dennie van Dolder — 2013
• Why Do People Support the Underdog?: Loss Aversion and Sports FansQuinn Keefer — 2015
• Reference-Dependent Preferences : Models and ExperimentsMaximilian Tenberge — 2010
• Does Mandatory Measurement and Peer Reporting Improve PerformanceSusanna Gallani, Takehisa Kajiwara, Ranjani Krishnan — 2017
• Essays on non-expected utility theory and individual decision making under riskKatarzyna Werner — 2015
• Wage Elasticities in Working and Volunteering: The Role of Reference Points in a Laboratory StudyChristine L. Exley, Stephen Terry — 2015
• Measuring risk preferences in rural Ethiopia: Risk tolerance and exogenous income proxiesFerdinand M. Vieider, Abebe D. Beyene, Randall Bluffstone — 2014
• Auction fever: theory and experimental evidenceKarl‐Martin Ehrhart, Marion Ott, Susanne Abele — 2008
• The Pygmalion Effect: An Agency Model with Reference Dependent PreferencesKohei Daido, Hideshi Itoh — 2005
• Getting Used to Risks: Reference Dependence and Risk InclusionAstrid Matthey — 2005
• Expectation Reasoning Using Regret and DisappointmentBình Vũ Trân, James Harland, Margaret Hamilton — 2004
• Incentive design under loss aversionDavid de Meza, David C. Webb — 2007
• Extended prospect theory: Findings on choice behaviour from economics and the behavioural sciences and their relevance for travel behaviourE.J. Van de Kaa — 2008

Related papers

• NON-EXPECTED UTILITY THEORIES: WEIGHTED EXPECTED, RANK DEPENDENT, AND CUMULATIVE PROSPECT THEORY UTILITYJonathan W. Tuthill, Darren L. Frechette, Tuthill, Jonathan W. — 2002
• Advanced Behavioral Economics Theory——An Extension of Expected Utility Theory and Prospect TheoryShuhong Kong — 2012
• The Choices of Terrorist Groups: Expected Utility versus Prospect TheoryPeter J. Phillips — 2013
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• Healthy scepticism as an expected-utility explanation of the phenomena of Allais and EllsbergJoseph B. Kadane — 1992
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