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  1.  60
    Testing Transitivity in Choice Under Risk.Michael H. Birnbaum & Ulrich Schmidt - 2010 - Theory and Decision 69 (4):599-614.
    Recently proposed models of risky choice imply systematic violations of transitivity of preference. This study explored whether people show the predicted intransitivity of the two models proposed to account for the certainty effect in Allais paradoxes. In order to distinguish “true” violations from those produced by “error,” a model was fit in which each choice can have a different error rate and each person can have a different pattern of preferences that need not be transitive. Error rate for a choice (...)
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  2.  69
    An Experimental Investigation of the Disparity Between WTA and WTP for Lotteries.Ulrich Schmidt & Stefan Traub - 2009 - Theory and Decision 66 (3):229-262.
    In this paper we experimentally investigate the disparity between willingness-to-accept (WTA) and willingness-to-pay (WTP) for risky lotteries. The direction of the income effect is reversed by endowing subjects with the highest price of a lottery when asking the WTP question. Our results show that the income effect is too small to be the only source of the disparity. Since the disparity concentrates on a subsample of subjects, parametric and nonparametric tests of the WTA-WTP ratio may lead to contradictory results. The (...)
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  3. Charles Taliaferro, Dialogues About God.Ulrich Schmidt - 2014 - European Journal for Philosophy of Religion 6 (4):199--205.
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  4.  43
    Common Consequence Effects in Pricing and Choice.Ulrich Schmidt & Stefan T. Trautmann - 2014 - Theory and Decision 76 (1):1-7.
    This paper presents an experimental study of common consequence effects in binary choice, willingness-to-pay elicitation, and willingness-to-accept elicitation. We find strong evidence in favor of the fanning out hypothesis for both WTP and WTA. In contrast, the choice data do not show a clear pattern of violations in the absence of certainty effects. Our results underline the relevance of differences between pricing and choice tasks, and their implications for models of decision making under risk.
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  5.  34
    Reconsidering the Common Ratio Effect: The Roles of Compound Independence, Reduction, and Coalescing.Ulrich Schmidt & Christian Seidl - 2014 - Theory and Decision 77 (3):323-339.
    Common ratio effects should be ruled out if subjects’ preferences satisfy compound independence, reduction of compound lotteries, and coalescing. In other words, at least one of these axioms should be violated in order to generate a common ratio effect. Relying on a simple experiment, we investigate which failure of these axioms is concomitant with the empirical observation of common ratio effects. We observe that compound independence and reduction of compound lotteries hold, whereas coalescing is systematically violated. This result provides support (...)
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  6.  71
    Lottery Dependent Utility: A Reexamination.Ulrich Schmidt - 2001 - Theory and Decision 50 (1):35-58.
    In order to accommodate empirically observed violations of the independence axiom of expected utility theory Becker and Sarin (1987) proposed their model of lottery dependent utility in which the utility of an outcome may depend on the lottery being evaluated. Although this dependence is intuitively very appealing and provides a simple functional form of the resulting decision criterion, lottery dependent utility has been nearly completely neglected in the recent literature on decision making under risk. The goal of this paper is (...)
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  7. Alvin Plantinga, Where the Conflict Really Lies. Science, Religion, and Naturalism.Ulrich Schmidt - 2012 - Metaphysica 13 (2):229-236.
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  8.  64
    An Examination of Michael J. Almedia’s “The Metaphysics of Perfect Beings”.Ulrich Schmidt - 2012 - Philo 15 (1):38-54.
    A perfect being is a being which possesses all perfections essentially. A perfect being is essentially omniscient, essentially omnipotent, essentially perfectly good, and necessarily existing. In his excellent book “The Metaphysics of Perfect Beings” Michael J. Almeida investigates the following tough questions about perfect beings: What would a perfect being create? Which moral requirements would a perfect being (have to) fulfill when deciding what to create? Is there a minimum or a maximum amount of evil a perfect being would allow (...)
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  9.  16
    Income Inequality and Risk Taking: The Impact of Social Comparison Information.Ulrich Schmidt, Levent Neyse & Milda Aleknonyte - 2019 - Theory and Decision 87 (3):283-297.
    In contrast to the assumptions of standard economic theory, recent experimental evidence shows that the income of peers has a systematic impact on observed degrees of risk aversion. This paper reports the findings of two experiments examining the impact of income inequality on risk preferences and whether the knowledge of inequality mediates the decisions. In Experiment 1, participants who were recruited for a real-effort task were paid either a low wage or a high wage. Half of the participants were aware (...)
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  10.  43
    Consciousness and the Existence of God: A Theistic Argument, by J. P. Moreland.Ulrich Schmidt - 2013 - Faith and Philosophy 30 (1):117-122.
  11.  16
    It’s All About Gains: Risk Preferences in Problem Gambling.Patrick Ring, Catharina C. Probst, Levent Neyse, Stephan Wolff, Christian Kaernbach, Thilo van Eimeren, Colin F. Camerer & Ulrich Schmidt - 2018 - Journal of Experimental Psychology: General 147 (8):1241-1255.
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  12.  22
    An Examination of C. Stephen Evans’s “Natural Signs and Knowledge of God: A New Look at Theistic Arguments”.Ulrich Schmidt - 2014 - Philosophy and Theology 26 (1):151-185.
    In his excellent book Natural Signs and Knowledge of God: A New Look at Theistic Arguments, C. Stephen Evans argues that what underlies the classical theistic arguments are theistic natural signs. The awareness of our own contingency underlies the cosmological argument, beneficial order underlies the teleological argument, our experience of feeling moral obligations underlies the moral argument, and the intrinsic value of human beings underlies the axiological argument. Natural signs point to an entity without forcing belief in this entity upon (...)
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  13.  11
    Applications of Non-Expected Utility.Han Bleichrodt & Ulrich Schmidt - 2009 - In Paul Anand, Prasanta Pattanaik & Clemens Puppe (eds.), Handbook of Rational and Social Choice. Oxford University Press.
  14.  2
    Violations of Coalescing in Parametric Utility Measurement.Andreas Glöckner, Baiba Renerte & Ulrich Schmidt - 2020 - Theory and Decision 89 (4):471-501.
    The majority consensus in the empirical literature is that probability weighting functions are typically inverse-S shaped, that is, people tend to overweight small and underweight large probabilities. A separate stream of literature has reported event-splitting effects and shown that they can explain violations of expected utility. This leads to the questions whether the observed shape of weighting functions is a mere consequence of the coalesced presentation and, more generally, whether preference elicitation should rely on presenting lotteries in a canonical split (...)
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