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Decision making generalized by a cumulative probability weighting function
Physica A: Statistical Mechanics and its Applications, 2018zbMATH Open Web Interface contents unavailable due to conflicting licenses.
dos Santos, Lindomar Soares +2 more
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Parameter-Free Elicitation of Utility and Probability Weighting Functions
Management Science, 2000This paper proposes a two-step method to successively elicit utility functions and decision weights under rank-dependent expected utility theory and its “more descriptive” version: cumulative prospect theory. The novelty of the method is that it is parameter-free, and thus elicits the whole individual preference functional without imposing any prior ...
Mohammed Abdellaoui
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A Parameter-Free Elicitation of the Probability Weighting Function in Medical Decision Analysis
Management Science, 2000H. Bleichrodt, J. L. Pinto
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On the Source and Instability of Probability Weighting
Social Science Research Network, 2023We propose and experimentally test a new theory of probability distortions in risky choice. The theory is based on a core principle from neuroscience called efficient coding, which states that perception is more accurate for those stimuli that the agent ...
Cary Frydman, Lawrence J. Jin
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A cognitive‐emotional account of the shape of the probability weighting function
Journal of Behavioral Decision Making, 2002E. Brandstätter +2 more
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Instability of inverse probability weighting methods and a remedy for nonignorable missing data
Biometrics, 2023Inverse probability weighting (IPW) methods are commonly used to analyze nonignorable missing data (NIMD) under the assumption of a logistic model for the missingness probability.
Pengfei Li, J. Qin, Yukun Liu
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The probability weighting function: experimental evidence from Uganda, India and Ethiopia
Economics Letters, 2004Steven J. Humphrey, A. Verschoor
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International Conference on Human Factors in Computing Systems, 2022
The effective use of assistive interfaces (i.e. those that offer suggestions or reform the user’s input to match inferred intentions) depends on users making good decisions about whether and when to engage or ignore assistive features.
A. Cockburn +4 more
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The effective use of assistive interfaces (i.e. those that offer suggestions or reform the user’s input to match inferred intentions) depends on users making good decisions about whether and when to engage or ignore assistive features.
A. Cockburn +4 more
semanticscholar +1 more source
Probability Weighting Functions Implied in Options Prices
SSRN Electronic Journal, 2012The empirical pricing kernels estimated from index options are non-monotone (Rosenberg and Engle, 2002; Bakshi, Madan, and Panayotov, 2010) and the corresponding risk aversion functions can be negative (Ait-Sahalia and Lo, 2000; and Jackwerth, 2000).
Valery Polkovnichenko, Feng Zhao
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