Order:
  1.  39
    The Influence of Probabilities on the Response Mode Bias in Utility Elicitation.Christopher Schwand, Rudolf Vetschera & Lea M. Wakolbinger - 2010 - Theory and Decision 69 (3):395-416.
    The response mode bias, in which subjects exhibit different risk attitudes when assessing certainty equivalents versus indifference probabilities, is a well-known phenomenon in the assessment of utility functions. In this empirical study, we develop and apply a cardinal measure of risk attitudes to analyze not only the existence, but also the strength of this phenomenon. Since probability levels involved in decision problems are already known to have a strong impact on behavior, we use this approach to study the impact of (...)
    Direct download (3 more)  
     
    Export citation  
     
    Bookmark   1 citation  
  2.  45
    Parameters of Social Preference Functions: Measurement and External Validity.Christoph Graf, Rudolf Vetschera & Yingchao Zhang - 2013 - Theory and Decision 74 (3):357-382.
    Most of the existing literature on social preferences either tests whether certain characteristics of the social context influence individual decisions, or tries to estimate parameters of social preference functions describing such behavior at the level of the entire population. In the present paper, we are concerned with measuring parameters of social preference functions at the individual level. We draw upon concepts developed for eliciting other types of utility functions, in particular the literature on decision making under incomplete information. Our method (...)
    Direct download (3 more)  
     
    Export citation  
     
    Bookmark  
  3.  29
    Fair Division of Indivisible Items Between Two Players: Design Parameters for Contested Pile Methods. [REVIEW]Rudolf Vetschera & D. Marc Kilgour - 2014 - Theory and Decision 76 (4):547-572.
    Contested Pile methods are two-phase procedures for the fair allocation of indivisible items to two players. In the Generation Phase, items over which the players’ preferences differ widely enough are allocated. “Contested” items are placed in the Contested Pile, which is then allocated in the Splitting Phase. Each phase can be carried out using several different techniques; we perform a comprehensive analysis of the resulting design variants using a computational model. The properties of fairness and efficiency, generally achieved in the (...)
    Direct download (3 more)  
     
    Export citation  
     
    Bookmark