Choice-Based Elicitation and Decomposition of Decision Weights for Gains and Losses Under Uncertainty

By Mohammed Abdellaoui, Frank Vossmann, Martin Weber. Management Sciences, 2005

323 citations recorded by the source corpus.

Subfields: Economics and Econometrics, General Decision Sciences, Safety Research

View Paper: https://www.semanticscholar.org/paper/35389d54dcef68c5eee290dfd153fd3ad153f24d

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Citations in the corpus

Loss Averse Behavior (2005, background): “…of the utility function (Fennema and van Assen, 1999; Barron and Erev, 2003; Bleichrodt, Pinto, and Wakker, 2001; Abdellaoui, Vossmann, and Weber, 2005; Abdellaoui, Bleichrodt and Paraschiv, 2004) or the probability weighting functions (Abdellaoui, Vossmann, and Weber, 2005; Wu and Markle, 2004).”
Probability weighting and the ‘level’ and ‘spacing’ of outcomes: An experimental study over losses (2009, methodology): “Abdellaoui (2000) 0.7 0.84 0.65 Abdellaoui et al. (2005) - 1.182 a 0.848 a”
The Control Premium: A Preference for Payoff Autonomy † (2014, background): “…of probabilities to include making inferences about or even explicitly calculating probabilistic beliefs from choices (see, for example, Grether 1992, Blavatskyy 2009, Abdellaoui et al. 2005, Hoelzl and Rustichini 2005, Holt and Smith 2009, Ericson 2011, Hao and Houser 2010, Hollard et al. 2010).”
Loss Aversion Under Prospect Theory: A Parameter-Free Measurement (2007, background): “This holds both when expected utility is assumed (e.g. Fishburn and Kochenberger 1979) and when prospect theory is assumed (Fennema and van Assen 1998; Abdellaoui, 2000; Abdellaoui et al. 2005).”
Aggregating imprecise or conflicting beliefs: An experimental investigation using modern ambiguity theories (2012, unknown): “This is consistent with the common empirical finding that attitudes towards uncertainty are like those towards risk, but more pronounced (Abdellaoui et al. 2005; Fellner 1961 p. 684; Gayer 2010; Hogarth and Einhorn 1990; Kahn and Sarin 1988 p. 270; Kahneman and Tversky 1979 p. 281; Kilka and Weber…”
Intertemporal Tradeoffs for Gains and Losses: An Experimental Measurement of Discounted Utility (2010, unknown): “Bleichrodt and Pinto (2000) and Abdellaoui et al. (2005) examined the effect of error propagation in their studies and concluded that it had little impact.”
Third-generation prospect theory (2008, background): “…of weights with over-weighting (under-weighting) of probabilities below (above) some critical probability π*. Inverse-S weighting has been reported across a wide range of empirical studies (Wu and Gonzalez 1996, 1999; Abdellaoui 2000; Bleichrodt and Pinto 2000; Abdellaoui, Vossmann and Weber 2005).”
Measuring Loss Aversion under Ambiguity: A Method to Make Prospect Theory Completely Observable (2016, unknown): “We checked for the impact of error propagation using the simulation methods developed by Bleichrodt and Pinto (2000) and Abdellaoui et al. (2005).”
The Rich Domain of Uncertainty: Source Functions and Their Experimental Implementation (2011, methodology): “It was analyzed further by Abdellaoui, Vossmann, and Weber (2005), Fox, Rogers, and Tversky (1996), Fox and Tversky (1998), Kilka and Weber (2001), Tversky and Fox (1995), and Wu and Gonzalez (1999).”
A tractable method to measure utility and loss aversion under prospect theory (2008, background): “Abdellaoui (2000), Abdellaoui, Vossmann, and Weber (2005) , Schunk and Betsch (2006),”
A parameter-free analysis of the utility of money for the general population under prospect theory (2009, background): “…in the degree of utility curvature was found by Abdellaoui et al. (2007b), and Schunk and Betsch (2006), whereas less pronounced convexity for losses than concavity for gains has been reported by Abdellaoui et al. (2005), Fennema and van Assen (1998) and Wakker, Köbberling, and Schwieren (2007).”