Search Results - "Zank, Horst"

Introduction to the Special Issue in Honor of Peter Wakker by Abdellaoui, Mohammed, Bleichrodt, Han, Diecidue, Enrico, Zank, Horst

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Social welfare functions with a reference income by Zank, Horst

“…A foundation of social welfare functions is considered with a given reference income (or utility): relative and absolute invariance of the underlying welfare…”
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Source and rank-dependent utility by Abdellaoui, Mohammed, Zank, Horst

“…Foundations are provided for rank-dependent preferences within the popular two-stage framework of Anscombe–Aumann, in which risk and ambiguity feature as…”
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Chance theory: A separation of riskless and risky utility by Schmidt, Ulrich, Zank, Horst

“…In a temporal context, sure outcomes may yield higher utility than risky ones as they are available for the execution of plans before the resolution of…”
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Risk Aversion in Cumulative Prospect Theory by Schmidt, Ulrich, Zank, Horst

“…This paper characterizes the conditions for strong risk aversion and second-order stochastic dominance for cumulative prospect theory. Strong risk aversion…”
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Additive Utility in Prospect Theory by Bleichrodt, Han, Schmidt, Ulrich, Zank, Horst

“…Prospect theory is currently the main descriptive theory of decision under uncertainty. It generalizes expected utility by introducing nonlinear decision…”
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A revealed reference point for prospect theory by Werner, Katarzyna M., Zank, Horst

“…Without an instrument to identify the reference point, prospect theory includes a degree of freedom that makes the model difficult to falsify. To address this…”
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Mixture independence foundations for expected utility by Meng, Jingyi, Webb, Craig S., Zank, Horst

“…An alternative preference foundation for expected utility is provided. Our segregated approach considers four logically independent implications of the classic…”
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A genuine foundation for prospect theory by Schmidt, Ulrich, Zank, Horst

“…In most models of (cumulative) prospect theory, reference dependence of preferences is imposed beforehand and the location of the reference point is determined…”
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Consistent probability attitudes by Zank, Horst

“…In this paper, the principle of meaningful measurement of probabilistic attitudes is revisited. A new principle of consistency in probability attitudes is…”
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An extension of quasi-hyperbolic discounting to continuous time by Pan, Jinrui, Webb, Craig S., Zank, Horst

“…•We develop a model of Two-Stage Exponential (TSE) discounting.•TSE discounting extends quasi-hyperbolic discounting to continuous time.•We provide preference…”
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On probabilities and loss aversion by Zank, Horst

“…This paper reviews the most common approaches that have been adopted to analyze and describe loss aversion under prospect theory. Subsequently, it is argued…”
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On intertemporal poverty measures: the role of affluence and want by Dutta, Indranil, Roope, Laurence, Zank, Horst

“…This paper proposes classes of intertemporal poverty measures which take into account both the debilitating impact of prolonged spells in poverty and the…”
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Delayed probabilistic risk attitude: a parametric approach by Pan, Jinrui, Webb, Craig S., Zank, Horst

“…Experimental studies suggest that individuals exhibit more risk aversion in choices among prospects when the payment and resolution of uncertainty are…”
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Parametric weighting functions by Diecidue, Enrico, Schmidt, Ulrich, Zank, Horst

“…This paper provides preference foundations for parametric weighting functions under rank-dependent utility. This is achieved by decomposing the independence…”
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What is Loss Aversion? by SCHMIDT, ULRICH, ZANK, HORST

“…A behavioral definition of loss aversion is proposed and its implications for original and cumulative prospect theory are analyzed. Original prospect theory is…”
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Loss Averse Behavior by BROOKS, PETER, ZANK, HORST

“…A behavioral condition of loss aversion is proposed and tested. Forty-nine students participated in experiments on binary choices among lotteries involving…”
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Separating curvature and elevation: A parametric probability weighting function by Abdellaoui, Mohammed, L'Haridon, Olivier, Zank, Horst

“…This paper presents a preference foundation for a two-parameter family of probability weighting functions. We provide a theoretical link between the…”
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Risk behavior for gain, loss, and mixed prospects by Brooks, Peter, Peters, Simon, Zank, Horst

“…This study extends experimental tests of (cumulative) prospect theory (PT) over prospects with more than three outcomes and tests second-order stochastic…”
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The Egalitarian Solution for Multichoice Games by Peters, Hans, Zank, Horst

“…In a multichoice game a coalition is characterized by the level at which each player is acting, and to each coalition a real number is assigned. A multichoice…”
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