Second-best probability weighting [PDF]
Games and Economic Behavior, 2023 Non-linear probability weighting is an integral part of descriptive theories of choice under risk such as prospect theory. But why do these objective errors in information processing exist?
Netzer, Nick; https://orcid.org/ +2 more
core +3 more sources
Psychophysics of the probability weighting function [PDF]
SSRN Electronic Journal, 2011 A probability weighting function w(p) for an objective probability p in decision under risk plays a pivotal role in Kahneman-Tversky's prospect theory.
Takahashi, Taiki, Taiki Takahashi
core +3 more sources
Gender, financial risk, and probability weights [PDF]
Theory and Decision, 2006 Women are commonly stereotyped as more risk averse than men in financial decision making. In this paper we examine whether this stereotype reflects actual differences in risk taking behavior by means of a laboratory experiment with monetary incentives ...
Renate Schubert +2 more
core +6 more sources
Probability weighting functions [PDF]
SSRN Electronic Journal, 2015 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.
Pianca, Paolo, Nardon, Martina
core +3 more sources
Model misspecification and bias for inverse probability weighting estimators of average causal effects. [PDF]
Biom J, 2023 Waernbaum I, Pazzagli L.
europepmc +3 more sources
Thromboelastographic evaluation after cardiac surgery optimizes transfusion requirements in the intensive care unit: a single-center retrospective cohort study using an inverse probability weighting method. [PDF]
Gen Thorac Cardiovasc Surg, 2023 Tamura T +9 more
europepmc +3 more sources
Curvature of the Probability Weighting Function [PDF]
Management Science, 1996 When individuals choose among risky alternatives, the psychological weight attached to an outcome may not correspond to the probability of that outcome.
Richard Gonzalez +7 more
core +2 more sources
Probability weighting and L-moments
European Journal of Operational Research, 2016 Several popular generalizations of expected utility theory - cumulative prospect theory, rank-dependent utility and Yaari's dual model - allow for non-linear transformation of (de-)cumulative probabilities.
Blavatskyy, P.
core +3 more sources
Interaction between opium use and cigarette smoking on bladder cancer: An inverse probability weighting approach based on a multicenter case-control study in Iran. [PDF]
Glob EpidemiolAkrami R +7 more
europepmc +2 more sources
Insurance and Probability Weighting Functions [PDF]
SSRN Electronic Journal, 2006 Evidence shows that (i) people overweight low probabilities and underweight high probabilities, but (ii) ignore events of extremely low probability and treat extremely high probability events as certain.
Ali al-Nowaihi (7585052) +3 more
core +3 more sources