Measuring Loss Aversion under Ambiguity: A Method to Make Prospect Theory Completely Observable

No abstract is available for this paper.

• Publication year

  2016

• Venue

  Journal of Risk and Uncertainty

• Publication date

  2016-02-01

• Fields of study

  Mathematics, Economics

• Identifiers
  DOI 10.1007/s11166-016-9234-y
• External record

  Open on Semantic Scholar

• Source metadata

  Semantic Scholar

• No claims are published for this paper.

• No concepts are published for this paper.

• Risky Choice in the Limelight

  2016cited by this paper
• Separating attitudes towards money from attitudes towards probabilities: Stake effects and ambiguity as a test for prospect theory

  2013cited by this paper
• Thirty Years of Prospect Theory in Economics: A Review and Assessment

  2012cited by this paper
• The Rich Domain of Uncertainty: Source Functions and Their Experimental Implementation

  2011cited by this paper
• Experimental Economics: Rethinking the Rules

  2011cited by this paper
• Prospect Theory: For Risk and Ambiguity

  2010influential reference
• Prospect Theory: Frontmatter

  2010influential reference
• A Quantitative Measurement of Regret Theory

  2010cited by this paper
• A parametric analysis of prospect theory’s functionals for the general population

  2010cited by this paper
• Prospect Theory and the Brain

  2009influential reference
• Risk and Rationality: Uncovering Heterogeneity in Probability Distortion

  2009cited by this paper
• Short article: Is luck on my side? Optimism, pessimism, and ambiguity aversion

  2009cited by this paper
• A parameter-free analysis of the utility of money for the general population under prospect theory

  2009cited by this paper
• Attitude toward imprecise information

  2008cited by this paper
• An Empirical Test of Gain-Loss Separability in Prospect Theory

  2008cited by this paper
• Prospect Theory : An Analysis of Decision under Risk Author ( s ) :

  2007cited by this paper
• Gain-Loss Separability and Coalescing in Risky Decision Making

  2007cited by this paper
• Loss Aversion Under Prospect Theory: A Parameter-Free Measurement

  2007influential reference
• A Model of Reference-Dependent Preferences

  2006cited by this paper
• Cumulative prospect theory's functional menagerie

  2006cited by this paper
• Choice-Based Elicitation and Decomposition of Decision Weights for Gains and Losses Under Uncertainty

  2005influential reference
• An index of loss aversion

  2005cited by this paper
• Differentiating ambiguity and ambiguity attitude

  2004cited by this paper
• Reference-dependent subjective expected utility

  2003cited by this paper
• Preference Foundations for Nonexpected Utility: A Generalized and Simplified Technique

  2003cited by this paper
• Comparative Risk Sensitivity with Reference-Dependent Preferences

  2002cited by this paper
• The Shape of Utility Functions and Organizational Behavior

  2002cited by this paper
• Risk Aversion and Expected Utility Theory: A Calibration Theorem

  2000cited by this paper
• A Parameter-Free Elicitation of the Probability Weighting Function in Medical Decision Analysis

  2000cited by this paper
• Parameter-Free Elicitation of Utility and Probability Weighting Functions

  2000influential reference
• Utility of Gains and Losses: Measurement-Theoretical and Experimental Approaches

  2000cited by this paper
• Loss aversion in a consumption/savings model

  1999cited by this paper
• Ambiguity Made Precise: A Comparative Foundation

  1998cited by this paper
• Eliciting von Neumann-Morgenstern Utilities When Probabilities Are Distorted or Unknown

  1996influential reference
• An axiomatization of cumulative prospect theory

  1993cited by this paper
• Advances in prospect theory: Cumulative representation of uncertainty

  1992influential reference
• Bayesian decisions with ambiguous belief aversion

  1992cited by this paper
• Rank- and sign-dependent linear utility models for binary gambles

  1991cited by this paper
• A Theory of Disappointment Aversion

  1991cited by this paper
• The effect on the preference-reversal phenomenon of using choice indifferences

  1990cited by this paper
• Maxmin Expected Utility with Non-Unique Prior

  1989cited by this paper
• Subjective Probability and Expected Utility without Additivity

  1989cited by this paper
• Prospective reference theory: Toward an explanation of the paradoxes

  1989influential reference
• A theory of anticipated utility

  1982cited by this paper
• Risk Perception And The Analysis Of Risk Attitudes

  1981cited by this paper
• Prospect theory: An analysis of decision under risk Econometrica 47

  1979influential reference
• The measurement of observer agreement for categorical data.

  1977cited by this paper

• Does exposure to losses intensify loss aversion? Evidence from a competitive industry

  2026cites this paper
• The corrective approach for health utility measurement using time trade-off: a direct test of validity

  2025cites this paper
• Modeling value integration during decision making under uncertainty with the Florida and Georgia gambling task

  2025cites this paper
• A multi-criteria decision model for evaluating green product conceptual design schemes based on $$\upalpha $$-spherical Z-fuzzy numbers and TODIM

  2025cites this paper
• A Separation of Utility and Beliefs Through Betting Consistency

  2025cites this paper
• Experience-based risk taking is primarily shaped by prior learning rather than by decision-making

  2025cites this paper
• Loss aversion is not robust: A re-meta-analysis

  2025cites this paper
• Blockchain-based construction labor service platform to match workers with tasks by considering two-sided preferences

  2025cites this paper
• Loss aversion in EQ-5D-Y-3L: does it explain differences in willingness to trade-off life years in adults and children?

  2025cites this paper
• Ambiguity attitudes of individuals and groups in gain and loss domains

  2024cites this paper
• (In)Consistency of Beliefs and Attitudes Under Uncertainty: Every Cloud has a Silver Lining

  2024cites this paper
• An Analysis of the Discrepancy Between Elicited- and Revealed-Portfolio Risk Among Individual Investors: Understanding the Role of Financial Advisors

  2024cites this paper
• Reference-dependent discounting

  2024cites this paper
• The generalized Robbins–Monro process and its application to psychophysical experiments for threshold estimation

  2024cites this paper
• Incentive design for reference-dependent preferences

  2024cites this paper
• Environmental, social and governance performance and green transformation strategies for enterprises: Improving technical efficiency or expanding technological boundaries

  2024cites this paper
• Mixture independence foundations for expected utility

  2024cites this paper
• Behavioral Risk Profiling: Measuring Loss Aversion of Individual Investors

  2024influential citation
• Prospect theory’s loss aversion is robust to stake size

  2023influential citation
• The Neurobase of ambiguity loss aversion about decision making

  2023influential citation
• An extended hesitant fuzzy set for modeling multi-source uncertainty and its applications in multiple-attribute decision-making

  2023cites this paper
• Deposit? Yes, please! The effect of different modes of assigning reward- and deposit-based financial incentives on effort

  2023cites this paper
• Testing Hurwicz Expected Utility

  2023cites this paper
• Ambiguity attitudes and demand for weather index insurance with and without a credit bundle: experimental evidence from Kenya

  2023cites this paper
• The prevention puzzle

  2022cites this paper
• The effect of different modes of assigning reward-and deposit-based financial incentives on effort

  2022cites this paper
• Prospect theory in multiple price list experiments: further insights on behaviour in the loss domain

  2022cites this paper
• Computationally-defined markers of uncertainty aversion predict emotional responses during a global pandemic

  2022cites this paper
• Negativity bias, personality and political ideology

  2022cites this paper
• Correcting for discounting and loss aversion in composite time trade‐off

  2022cites this paper
• All at once! A comprehensive and tractable semi-parametric method to elicit prospect theory components

  2022cites this paper
• A simple non-parametric method for eliciting prospect theory's value function and measuring loss aversion under risk and ambiguity

  2021cites this paper
• Supplier's capacity investment strategy with factoring finance

  2021cites this paper
• A survey of risk preference measures and their relation to field behavior risk preference measures and their relation to field behavior risk preference measures and their relation to field behavior overzicht uitgaven in de survey paper serie

  2021cites this paper
• Local Support for the Corporate New Investment Project: The Roles of Corporate Reputation, Project’s CSR Behavior and Residential Income Level

  2021cites this paper
• The Boundaries of Cognition and Decision Making

  2021cites this paper
• Ignorance illusion in decisions under risk: The impact of perceived expertise on probability weighting

  2021cites this paper
• A probabilistic hesitant fuzzy Choquet integral-based TODIM method for multi-attribute group decision-making

  2021cites this paper
• Economic Decisions with Ambiguous Outcome Magnitudes Vary with Low and High Stakes but Not Trait Anxiety or Depression

  2021cites this paper
• Meta-Analysis of Empirical Estimates of Loss-Aversion

  2020cites this paper
• Optimal frequency of portfolio evaluation in a choice experiment with ambiguity and loss aversion

  2020cites this paper
• The Dark Side of Monetary Bonuses: Theory and Experimental Evidence

  2020cites this paper
• A policy utility dislocation model based on prospect theory: A case study of promoting policies with low-carbon lifestyle

  2020cites this paper
• Linking biopsychosocial indicators with financial risk tolerance and satisfaction through macroeconomic literacy: A structural equation modeling approach

  2020cites this paper
• Living up to expectations: Experimental tests of subjective life expectancy as reference point in time trade-off and standard gamble.

  2020cites this paper
• A Construction Schedule Robustness Measure Based on Improved Prospect Theory and the Copula-CRITIC Method

  2020cites this paper
• One size fits all? Designing financial incentives tailored to individual economic preferences

  2020influential citation
• Modelling Migration: Decisions, Processes and Outcomes

  2020cites this paper
• Fast and Simple Adaptive Elicitations: Experimental Test for Probability Weighting

  2020cites this paper
• The Corrective Approach: Policy Implications of Recent Developments in QALY Measurement Based on Prospect Theory.

  2019cites this paper
• Making regulation fit by taking irrationality into account: the case of the whistleblower

  2019influential citation
• Does flood experience modify risk preferences? Evidence from an artefactual field experiment in Vietnam

  2019cites this paper
• Financial literacy and rationality of youth in Slovakia

  2019cites this paper
• Gender effects for loss aversion: Yes, no, maybe?

  2019cites this paper
• Unbiased assessment of disease surveillance utilities: A prospect theory application

  2019cites this paper
• Seismic risk mitigation in buildings using a new method to encode a joint weighting function in multi-attribute utility theory

  2019cites this paper
• Quantifying loss aversion: Evidence from a UK population survey

  2019cites this paper
• Resolving Rabin’s paradox

  2019cites this paper
• Empirical study relating macroeconomic literacy and rational thinking

  2019cites this paper
• Essays on uncertainty, beliefs updating and portfolio choice

  2019cites this paper
• QALYs without bias? Nonparametric correction of time trade‐off and standard gamble weights based on prospect theory

  2019influential citation
• Ambiguity preferences for health

  2018influential citation
• Loss Aversion when Deciding for Others

  2018influential citation
• Making the Anscombe-Aumann approach to ambiguity suitable for descriptive applications

  2018cites this paper
• Range and Sign Dependent Utility for Risk and Time

  2018cites this paper
• The role of fixed and variable time horizons in the time trade-off method

  2018cites this paper
• A test of the relevant association between utility theory and subjective risk tolerance: Introducing the Profit-to-Willingness ratio

  2018cites this paper
• Ambiguity aversion is not universal

  2018cites this paper
• Dynamic pricing decisions by potential tourists under uncertainty: The effects of tourism advertising

  2018cites this paper
• An integrated decision-making approach for designing and selecting product concepts based on QFD and cumulative prospect theory

  2018cites this paper
• Aversion to a sure loss: turning investors into gamblers

  2018cites this paper
• Financial literacy of students in chosen universities – research platform for regulatory processes of educational system in Slovakia

  2018cites this paper
• Research on Taxi Driver Strategy Game Evolution with Carpooling Detour

  2018cites this paper
• Making the Anscombe-Aumann approach to ambiguity suitable for descriptive applications

  2018cites this paper
• A QALY loss is a QALY loss is a QALY loss: a note on independence of loss aversion from health states

  2018cites this paper
• A New Product Development Concept Selection Approach Based on Cumulative Prospect Theory and Hybrid-Information MADM

  2018cites this paper
• Structural estimation of farmers’ risk and ambiguity preferences: a field experiment

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

  2017cites this paper
• Are Firms Loss Averse? Evidence from the Restaurant Industry

  2017influential citation
• The Effect of Learning on Ambiguity Attitudes

  2017cites this paper
• Option Pricing with Greed and Fear Factor: The Rational Finance Approach

  2017cites this paper
• The Rich Domain of Ambiguity Explored

  2017cites this paper
• Strategies of Information Acquisition Under Uncertainty

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

  2017cites this paper
• Vers une interaction humain-robot à une initiative mixe : une équipe coopérative composée par des drones et un opérateur humain

  2017cites this paper
• Loss and Ambiguity Aversion and the Willingness to Pay for Index Insurance Experimental Evidence from Rural Kenya

  2017cites this paper
• A note on receptiveness to loss in structured Investment

  2017cites this paper
• The Risk Attitudes of Professional Athletes: Optimism and Success Are Related

  2016cites this paper
• Selecting Portfolio Solutions Based on theAttitude Toward Loss

  2016cites this paper
• Core Tax Implementation: Ethical Considerations for MSME Tax Strategies

  year unknowncites this paper
• (2021). Quantifying loss aversion: Evidence from a UK population survey. Journal of Risk and Uncertainty, 63, 27–57 (2021)

  year unknowncites this paper
• An Effective and Simple Tool for Measuring Loss Aversion

  year unknowncites this paper