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Probability Weighting and Cognitive Ability
Probability weighting is a major concept for accommodating systematic departures from expected utility theory. We examine the relation between probability weighting and cognitive ability with two experiments: one recruiting subjects with a large variation in cognitive ability and the other using the within-subject manipulation of time constraints in ...
Syngjoo Choi +3 more
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Probability weighting as evolutionary second-best [PDF]
The economic concept of the second-best involves the idea that multiple simultaneous deviations from a hypothetical first-best optimum may be optimal once the first-best itself can no longer be achieved, since one distortion may partially compensate for ...
Herold, Florian, Netzer, Nick
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Cumulative Prospect Theory Version with Fuzzy Values of Outcome Estimates
Choosing solutions under risk and uncertainty requires the consideration of several factors. One of the main factors in choosing a solution is modeling the decision maker’s attitude to risk. The expected utility theory was the first approach that allowed
Oleg Uzhga-Rebrov, Peter Grabusts
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Inverse probability weighting [PDF]
Statistical analysis usually treats all observations as equally important. In some circumstances, however, it is appropriate to vary the weight given to different observations. Well known examples are in meta-analysis, where the inverse variance (precision) weight given to each contributing study varies, and in the analysis of clustered data.1 ...
Mansournia, M, Altman, D
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Psychiatric disorders such as depressive and anxiety disorders are associated with altered decision-making under risk. Recent advances in neuroeconomics and computational psychiatry have further discomposed risk-based decision-making into distinct ...
Natsumi Shimizu +9 more
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Second-best probability weighting
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Herold, Florian, Netzer, Nick
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Probability Weighting Functions [PDF]
Cumulative prospect theory (CPT) has been proposed as an alternative to expected utility theory to explain irregular behavior by economic agents. CPT comprises two key transformations: one of outcome values and the other of objective probabilities. Risk attitudes are derived from the shapes of these transformations as well as their interaction.
Martina Nardon, Paolo Pianca
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Gender, Financial Risk, and Probability Weights [PDF]
Economics Working Paper Series, 04 ...
Fehr-Duda, Helga +2 more
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Non-Asymptotic Bounds of AIPW Estimators for Means with Missingness at Random
The augmented inverse probability weighting is well known for its double robustness in missing data and causal inference. If either the propensity score model or the outcome regression model is correctly specified, the estimator is guaranteed to be ...
Fei Wang, Yuhao Deng
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In this Monte Carlo simulation study, the performance of six different propensity score methods implemented through weighting cases was investigated: inverse probability of treatment weighting, truncated inverse probability of treatment weighting ...
Sungur Gürel, Walter Lana Leite
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