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 Electronic eBook
LanguageEnglish
Published Bingley, U.K. : Emerald Publishing Limited, 2023.
SeriesResearch in experimental economics ; v. 22.
Subjects
Risk > Psychological aspects.
Risk > Mathematical models.
Utility theory > Mathematical models.
elektronické knihy
electronic books
Online AccessFull text
ISBN9781837972708
DOI10.1108/S0193-2306202322
Physical Description1 online resource (264 pages).

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Table of Contents:
  • 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.

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