Which decision theory?

被引：8
作者：
Blavatskyy, Pavlo
机构：
[1] not available, 6020 Innsbruck
来源：
ECONOMICS LETTERS | 2013年 / 120卷 / 01期
关键词：
Decision theory; Risk; Expected utility theory; Rank-dependent utility; Heuristic; GENERALIZED EXPECTED UTILITY; RISKY CHOICE; AVERSION;
D O I：
10.1016/j.econlet.2013.03.039
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
A new laboratory experiment is designed to identify the best theories for describing decisions under risk. The experimental design has two noteworthy features: a representative sample of binary choice problems (for fair comparison across theories) and a lottery set with a small number of outcomes and probabilities (for ease of non-parametric estimation). We find that a simple heuristic, rank-dependent utility and expected utility theory provide the best goodness of fit. (C) 2013 Elsevier B.V. All rights reserved.
引用
收藏
页码：40 / 44
页数：5
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