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  1. Prospect Theory: For Risk and Ambiguity.Peter P. Wakker - 2010 - Cambridge University Press.
    Prospect Theory: For Risk and Ambiguity, provides a comprehensive and accessible textbook treatment of the way decisions are made both when we have the statistical probabilities associated with uncertain future events and when we lack them. The book presents models, primarily prospect theory, that are both tractable and psychologically realistic. A method of presentation is chosen that makes the empirical meaning of each theoretical model completely transparent. Prospect theory has many applications in a wide variety of disciplines. The material in (...)
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  • Evaluation of a Behavioral Measure of Risk Taking: The Balloon Analogue Risk Task.C. W. Lejuez, Jennifer P. Read, Christopher W. Kahler, Jerry B. Richards, Susan E. Ramsey, Gregory L. Stuart, David R. Strong & Richard A. Brown - 2002 - Journal of Experimental Psychology: Applied 8 (2):75-84.
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  • Eliciting Ambiguity Aversion in Unknown and in Compound Lotteries: A Smooth Ambiguity Model Experimental Study.Giuseppe Attanasi, Christian Gollier, Aldo Montesano & Noemi Pace - 2014 - Theory and Decision 77 (4):485-530.
    Coherent-ambiguity aversion is defined within the smooth-ambiguity model as the combination of choice-ambiguity and value-ambiguity aversion. Five ambiguous decision tasks are analyzed theoretically, where an individual faces two-stage lotteries with binomial, uniform, or unknown second-order probabilities. Theoretical predictions are then tested through a 10-task experiment. In tasks 1–5, risk aversion is elicited through both a portfolio choice method and a BDM mechanism. In tasks 6–10, choice-ambiguity aversion is elicited through the portfolio choice method, while value-ambiguity aversion comes about through the (...)
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  • Aspirations as Reference Points: An Experimental Investigation of Risk Behavior Over Time. [REVIEW]Arvid O. I. Hoffmann, Sam F. Henry & Nikos Kalogeras - 2013 - Theory and Decision 75 (2):193-210.
    This paper examines the importance of aspirations as reference points in a multi-period decision-making context. After stating their personal aspiration level, 172 individuals made six sequential decisions among risky prospects as part of a choice experiment. The results show that individuals make different risky-choices in a multi-period compared to a single-period setting. In particular, individuals’ aspiration level is their main reference point during the early stages of decision-making, while their starting status (wealth level at the start of the experiment) becomes (...)
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  • Prospect Theory: An Analysis of Decision Under Risk.D. Kahneman & A. Tversky - 1979 - Econometrica: Journal of the Econometric Society:263--291.
    The following values have no corresponding Zotero field: PB - JSTOR.
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  • The Stochastic Component in Choice and Regression to the Mean.Aurora García-Gallego, Nikolaos Georgantzís, Daniel Navarro-Martínez & Gerardo Sabater-Grande - 2011 - Theory and Decision 71 (2):251-267.
    In this article, we illustrate experimentally an important consequence of the stochastic component in choice behaviour which has not been acknowledged so far. Namely, its potential to produce ‘regression to the mean’ (RTM) effects. We employ a novel approach to individual choice under risk, based on repeated multiple-lottery choices (i.e. choices among many lotteries), to show how the high degree of stochastic variability present in individual decisions can distort crucially certain results through RTM effects. We demonstrate the point in the (...)
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  • Game-Theoretic Models and the Role of Information in Bargaining.Alvin E. Roth & Michael W. Malouf - 1979 - Psychological Review 86 (6):574-594.
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  • Choice Among Equal Expected Value Alternatives: Sequential Effects of Winning Probability Level on Risk Preferences.Louis Miller, David E. Meyer & John T. Lanzetta - 1969 - Journal of Experimental Psychology 79 (3p1):419.