Models of risk preferences : descriptive and normative challenges

Behavioural economists have developed alternatives to Expected Utility Theory as descriptive and normative models of risk preferences. One popular view is that these alternative descriptive models are generally better descriptively, but that they tend to be inferior normative models for guiding risk...

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Bibliographic Details
Other Authors: Harrison, Glenn W., (Editor), Ross, Don, (Editor)
Format: eBook
Language: English
Published: Bingley, U.K. : Emerald Publishing Limited, 2023.
Series: Research in experimental economics ; v. 22.
Subjects:
Risk > Psychological aspects.
Risk > Mathematical models.
Utility theory > Mathematical models.
Business & Economics > Insurance / Risk Assessment & Management.
Risk assessment.
elektronické knihy
electronic books
ISBN: 9781837972708
Physical Description: 1 online resource (264 pages).

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Table of contents

LEADER 02874nam a2200445Ii 4500
001 em-9781837972708
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006 m o d
007 cr un|||||||||
008 231020t20232023enk ob 001 0 eng d
020 |a 9781837972708  |q (e-book) 
040 |a UtOrBLW  |b eng  |e rda  |c UtOrBLW 
080 |a 658 
245 0 0 |a Models of risk preferences :  |b descriptive and normative challenges /  |c edited by Glenn W. Harrison and Don Ross. 
264 1 |a Bingley, U.K. :  |b Emerald Publishing Limited,  |c 2023. 
264 4 |c ©2023 
300 |a 1 online resource (264 pages). 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a Research in experimental economics ;  |v 22 
500 |a Includes index. 
504 |a Includes bibliographical references. 
505 0 |a Introduction / Glenn W. Harrison and Don Ross -- Chapter 1. Behavioral welfare economics and the quantitative intentional stance / Glenn W. Harrison and Don Ross -- Chapter 2. Unusual estimates of probability weighting functions / Nathaniel T. Wilcox -- Chapter 3. Cumulative prospect theory in the laboratory: A reconsideration / Glenn W. Harrison and J. Todd Swarthout -- Chapter 4. Temporal stability of cumulative prospect theory / Morten I. Lau, Hong Il Yoo, and Hongming Zhao -- Chapter 5. The welfare consequences of individual-level risk preference estimation / Brian Albert Monroe. 
520 |a Behavioural economists have developed alternatives to Expected Utility Theory as descriptive and normative models of risk preferences. One popular view is that these alternative descriptive models are generally better descriptively, but that they tend to be inferior normative models for guiding risky decisions. Models of Risk Preferences collects studies that critically review these two claims from the perspective of experimental economics. The Research in Experimental Economics series focuses on laboratory experimental economics, but includes theoretical, empirical, or field economic research to encompass the broader experimental economics community. 
588 0 |a Print version record. 
650 0 |a Risk  |x Psychological aspects. 
650 0 |a Risk  |x Mathematical models. 
650 0 |a Utility theory  |x Mathematical models. 
650 7 |a Business & Economics  |x Insurance / Risk Assessment & Management.  |2 bisacsh 
650 7 |a Risk assessment.  |2 bicssc 
655 7 |a elektronické knihy  |7 fd186907  |2 czenas 
655 9 |a electronic books  |2 eczenas 
700 1 |a Harrison, Glenn W.,  |e editor. 
700 1 |a Ross, Don,  |e editor. 
776 0 8 |i Print version:  |z 9781837972692 
776 0 8 |i PDF version:  |z 9781837972685 
830 0 |a Research in experimental economics ;  |v v. 22. 
856 4 0 |u https://proxy.k.utb.cz/login?url=https://doi.org/10.1108/S0193-2306202322  |y Full text 

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