Violations of the independence axion in common ratio problems: An experimental test of some competing hypotheses

No abstract is available for this paper.

• Publication year

  1989

• Venue

  Annals of Operations Research

• Publication date

  1989-05-01

• Fields of study

  Mathematics

• Identifiers
  DOI 10.1007/BF02283515
• External record

  Open on Semantic Scholar

• Source metadata

  Semantic Scholar

• No claims are published for this paper.

• No concepts are published for this paper.

• Rational choice and the framing of decisions

  1990cited by this paper
• Probability and juxtaposition effects: An experimental investigation of the common ratio effect

  1989cited by this paper
• When Actions Speak Louder Than Prospects

  1988cited by this paper
• Further Evidence of the Impact of Regret and Disappointment in Choice under Uncertainty

  1988cited by this paper
• Some implications of a more general form of regret theory

  1987cited by this paper
• The Dual Theory of Choice under Risk

  1987cited by this paper
• Reconsiderations in the Foundations of Decision under Uncertainty

  1987cited by this paper
• Testing for Regret and Disappointment in Choice under Uncertainty

  1987cited by this paper
• Do economics students choose rationally? A research note

  1983cited by this paper
• Nontransitive measurable utility

  1982cited by this paper
• Regret in Decision Making under Uncertainty

  1982cited by this paper
• "Expected Utility" Analysis without the Independence Axiom

  1982cited by this paper
• A theory of anticipated utility

  1982cited by this paper
• Regret Theory: An alternative theory of rational choice under uncertainty Review of Economic Studies

  1982cited by this paper
• The framing of decisions and the psychology of choice.

  1981cited by this paper
• Towards a Positive Theory of Preferences under Risk

  1979cited by this paper
• Utility Theory: Axioms Versus ‘Paradoxes’

  1979cited by this paper
• Prospect theory: An analysis of decision under risk Econometrica 47

  1979cited by this paper
• Le comportement de l'homme rationnel devant le risque : critique des postulats et axiomes de l'ecole americaine

  1953cited by this paper

• From road waiting to road leading: can toll-road marketing strategies make a difference for truck drivers under uncertain travel times?

  2026cites this paper
• Gaussian Cumulative Prospect Theory

  2025cites this paper
• What Daniel Kahneman Thought about Economics: A Reconstruction and Critique

  2025cites this paper
• A new behavioral model for portfolio selection using the Half-Full/Half-Empty approach

  2025cites this paper
• Games and Economic Behavior

  2024cites this paper
• Beta, value, and growth: Do dichotomous risk-preferences explain stock returns?

  2023cites this paper
• Risk in Time: The Intertwined Nature of Risk Taking and Time Discounting

  2023cites this paper
• Gain-loss hedging and cumulative prospect theory

  2023cites this paper
• A New Behavioral Model for Portfolio Selection Using the Half-Full/Half-Empty Approach

  2023cites this paper
• Composition rules in original and cumulative prospect theory

  2022cites this paper
• How common is the common-ratio effect?

  2022cites this paper
• Debiasing or regularisation? Two interpretations of the concept of ‘true preference’ in behavioural economics

  2022cites this paper
• Composition rules in original and cumulative prospect theory

  2022cites this paper
• Empirical underidentification in estimating random utility models: The role of choice sets and standardizations

  2021cites this paper
• Anticipated regret, terrorist behaviour & the presentation of the outcomes of attacks in the mainstream media and in terrorist group publications

  2020cites this paper
• Title : Which risk / ambiguity attitude components are related to intelligence ?-Probability weighting parameters

  2020cites this paper
• Investigating private parking space owners’ propensity to engage in shared parking schemes under conditions of uncertainty using a hybrid random-parameter logit-cumulative prospect theoretic model

  2020cites this paper
• Is the Allais paradox due to appeal of certainty or aversion to zero?

  2020cites this paper
• Do people maximize quantiles?

  2020cites this paper
• Probability Dominance

  2020cites this paper
• Why do retired workers claim their social security benefits so early? A potential explanation based on the cumulative prospect theory

  2020cites this paper
• Choice Under Risk and Uncertainty

  2019cites this paper
• A review paper on behavioral finance: study of emerging trends

  2019cites this paper
• UNDERSTANDING PREFERENCE IMPRECISION

  2019cites this paper
• Valuing Environmental Changes in the Presence of Risk: An Update and Discussion of Some Empirical Issues

  2018cites this paper
• The role of independence and stationarity in probabilistic models of binary choice.

  2018cites this paper
• Characterizations of risk aversion in cumulative prospect theory

  2018cites this paper
• Characterizations of risk aversion in cumulative prospect theory

  2018cites this paper
• Testing independence conditions in the presence of errors and splitting effects

  2017cites this paper
• Very Low Probabilities in the Loss Domain

  2017cites this paper
• Munich Personal RePEc Archive Indifference or indecisiveness : a strict discrimination

  2017cites this paper
• THE PARADOXES OF ALLAIS , STOCHASTIC DOMINANCE , AND DECISION WEIGHTS

  2017cites this paper
• Very Low Probabilities in the Loss Domain

  2017cites this paper
• Essays on decision-making under risk and ambiguity in theory and laboratory experiments

  2017cites this paper
• Testing independence conditions in the presence of errors and splitting effects

  2017cites this paper
• Sprechi di cibo e tentativi di riduzione. Un caso sperimentale [Avoiding food waste. A field experiment]

  2016cites this paper
• Beta, Value, and Growth

  2016cites this paper
• Preference cloud theory

  2016cites this paper
• Another Solution for Allais Paradox: Preference Imprecision, Dispersion and Pessimism

  2016cites this paper
• Cumulative Prospect Theory in the Laboratory: A Reconsideration

  2016cites this paper
• The influence of language on decision-making

  2015cites this paper
• Half-full or half-empty? A model of decision making under risk

  2015cites this paper
• Cautious Expected Utility and the Certainty Effect

  2015cites this paper
• Variability, Noise, and Error in Decision Making Under Risk

  2015cites this paper
• Risk behavior for gain, loss, and mixed prospects

  2014cites this paper
• When Allais meets Ulysses: Dynamic axioms and the common ratio effect

  2014influential citation
• Dual Criteria Decisions

  2014cites this paper
• Teoria do prospecto e as diferenças de comportamento perante o risco entre gênero, escolaridade e idade

  2014cites this paper
• When Allais meets Ulysses: Dynamic axioms and the common ratio effect

  2014influential citation
• Are Non-Expected Utility individuals really Dynamically Inconsistent? Experimental Evidence

  2014cites this paper
• Beyond lucky: measuring and modelling the impact of ‘probability control’ on risky choice

  2014cites this paper
• Half-Full or Half-Empty? A Simple Model of Decision Making Under Risk

  2014cites this paper
• Risk behavior for gain, loss, and mixed prospects

  2013cites this paper
• Is media just noise?The link between media factors and stock performance

  2013cites this paper
• Chance theory: A separation of riskless and risky utility

  2013cites this paper
• The Missing Link: Unifying Risk Taking and Time Discounting

  2012cites this paper
• Loss aversion and mental accounting: the favorite-longshot bias in parimutuel betting

  2012cites this paper
• Economic evaluations of health technologies: insights into the measurement and valuation of benefits

  2012cites this paper
• A genuine foundation for prospect theory

  2012cites this paper
• Dynamic axioms and the Common Ratio Effect

  2012cites this paper
• Viewing the future through a warped lens: Why uncertainty generates hyperbolic discounting

  2011influential citation
• The stochastic component in choice and regression to the mean

  2011cites this paper
• Conflicting violations of transitivity and where they may lead us

  2010cites this paper
• Endogenizing Prospect Theory's Reference Point

  2010cites this paper
• Behavioral Econometrics for Psychologists

  2010cites this paper
• Understanding the Two Components of Risk Attitudes : An Experimental Analysis by Jianying Qiu

  2010cites this paper
• Modelling Noise and Imprecision in Individual Decisions

  2010cites this paper
• Allais Paradoxes Can be Reversed by Presenting Choices in Canonical Split Form

  2010cites this paper
• Endogenous Prospect Theory

  2010cites this paper
• WP ECON 10 . 03 Modelling Noise and Imprecision in Individual Decisions

  2010cites this paper
• Relating the two Dimensions of Risk Attitudes: An Experimental Analysis

  2009influential citation
• A Simple Model of Cumulative Prospect Theory

  2009cites this paper
• When are person tradeoffs valid?

  2009cites this paper
• Understanding the Two Components of Risk Attitudes: An Experimental Analysis

  2009cites this paper
• Uncertainty Breeds Decreasing Impatience: The Role of Risk Preferences in Time Discounting

  2009cites this paper
• Understanding Risk Attitudes in two Dimensions: An Experimental Analysis

  2009influential citation
• Individual Choice from a Convex Lottery Set: Experimental Evidence

  2008cites this paper
• 1 Modelling Noise and Imprecision in Individual Decisions

  2008cites this paper
• Maximum Likelihood Estimation of Utility Functions Using Stata

  2008cites this paper
• Risk Aversion in the Laboratory

  2008cites this paper
• Bounded cumulative prospect theory: some implications for gambling outcomes

  2008cites this paper
• A Non-Expected Utility Model Based on Info-modification

  2008influential citation
• New paradoxes of risky decision making.

  2008cites this paper
• A Simple Model of Cumulative Prospect Theory by Ulrich Schmidta and

  2007cites this paper
• TOMA DE DECISIONES ECONÓMICAS: EL APORTE COGNITIVO EN LA RUTA DE SIMON, ALLAIS Y TVERSKY Y KAHNEMAN ECONOMIC DECISION MAKING: A COGNITIVE CONTRIBUTION ON THE PATH OF SIMON, ALLAIS, TVERSKY AND KAHNEMAN

  2007cites this paper
• A shocking experiment: New evidence on probability weighting and common ratio violations

  2007cites this paper
• RISK ATTITUDES AND DECISION WEIGHTS ' BY AMOS TVERSKY

  2007cites this paper
• Cumulative prospect theory's functional menagerie

  2006cites this paper
• “Taking Unconsidered Preferences Seriously*”

  2006cites this paper
• Taking unconsidered preferences seriously

  2006cites this paper
• Dynamic Choice Behavior in a Natural Experiment

  2006cites this paper
• Increasing sales by introducing non‐salable items

  2006cites this paper
• Loss Averse Behavior

  2005cites this paper
• Coping with Preference Anomalies in Cost–Benefit Analysis: A Market-Simulation Approach

  2005cites this paper
• Household Portfolio Diversification: A Case for Rank-Dependent Preferences

  2005cites this paper
• A Comparison of Five Models that Predict Violations of First-Order Stochastic Dominance in Risky Decision Making

  2005cites this paper
• Modelling the Stochastic Component of Behaviour in Experiments: Some Issues for the Interpretation of Data

  2005cites this paper
• Testing competing models of loss aversion: an adversarial collaboration

  2005cites this paper
• Attitudes on Gain and Loss Lotteries: A Simple Experiment

  2004cites this paper
• Behavioral finance and asset prices: Where do we stand?☆

  2004cites this paper