Behavioural economists have developed alternatives to Expected Utility Theory as descriptive and normative models of risk preferences. One popular view is that these alternative descriptive models are generally better descriptively, but that they tend to be inferior normative models for guiding risky decisions. Models of Risk Preferences collects studies that critically review these two claims from the perspective of experimental economics.

The Research in Experimental Economics series focuses on laboratory experimental economics, but includes theoretical, empirical, or field economic research to encompass the broader experimental economics community.

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Yes, you can access Models of Risk Preferences by Glenn W. Harrison, Don Ross, Glenn W. Harrison,Don Ross in PDF and/or ePUB format, as well as other popular books in Business & Previsioni. We have over one million books available in our catalogue for you to explore.

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Emerald Publishing Limited

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Index

Cover
Title
Introduction
Chapter 1. Behavioral Welfare Economics and the Quantitative Intentional Stance
Chapter 2. Unusual Estimates of Probability Weighting Functions
Chapter 3. Cumulative Prospect Theory in the Laboratory: A Reconsideration
Chapter 4. Temporal Stability of Cumulative Prospect Theory
Chapter 5. The Welfare Consequences of Individual-level Risk Preference Estimation

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Table of contents