A tractable method to measure utility and loss aversion under prospect theory

By Mohammed Abdellaoui, Han Bleichrodt, Olivier L’Haridon. 2008

381 citations recorded by the source corpus.

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

View Paper: https://www.semanticscholar.org/paper/9faabc84e6c8525d1318d3e4c1b12942c0153969

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Gijs van de Kuilen
2. Peter P. Wakker
3. Adam S. Booij
4. Aurélien Baillon
5. Mohammed Abdellaoui
6. Thomas Langer
7. Stefan Zeisberger
8. Dennis Vrecko

In General Decision Sciences

1. Gijs van de Kuilen
2. Adam S. Booij
3. Peter P. Wakker
4. Mohammed Abdellaoui
5. Aurélien Baillon
6. Thomas Langer
7. Stefan Zeisberger
8. Dennis Vrecko

In Safety Research

1. Gijs van de Kuilen
2. Adam S. Booij
3. Peter P. Wakker
4. Aurélien Baillon
5. Lætitia Placido
6. Stefan Zeisberger
7. Thomas Langer
8. Dennis Vrecko

Citations in the corpus

• The Rich Domain of Uncertainty: Source Functions and Their Experimental Implementation (2011, methodology): “(2009), Abdellaoui et al. (2005) did not use proper scoring rules but carried out a full decision analysis to elicit the required values.”
• Variation in risk seeking behaviour following large losses: A natural experiment (2014, background): “Economists have developed many techniques to elicit risk attitudes in both laboratory and field experiments (see for instance Hey and Orme, 1994; Holt and Laury, 2002; Harrison et al., 2007; Abdellaoui et al., 2008; Harbaugh et al., 2010).”
• Measuring the time stability of Prospect Theory preferences (2010, positive): “For probability weighting, tests of various functional forms have produced equivocal results (Abdellaoui et al. 2008).”
• A parameter-free analysis of the utility of money for the general population under prospect theory (2009, result): “, 2007b; Etchart-Vincent, 2004; Fennema & van Assen, 1998; Tversky & Kahneman, 1992), some studies have found the opposite result (Abdellaoui et al., 2008; Davidson, Suppes, & Siegel, 1957).”
• Aggregating imprecise or conflicting beliefs: An experimental investigation using modern ambiguity theories (2012, neutral): “Some studies have reported convex utility functions at least at the individual level, while others have reported linear (Abdellaoui et al. 2008) and concave utility functions (Abdellaoui et al.”
• Prospect theory and energy efficiency (2019, background): “13 An alternative strategy for eliciting prospect theory parameters is in Abdellaoui et al. (2008).”