ISBN: 9783639278897
The effects of probability transformation on the elicitation of utilities under risk and under certainty are investigated. It has been observed in experiments with results counter to Expected Utility Theory (EUT) that the utility function is dependent on the method used for its elicitation. The problem resides in that assessment methods generally used do not take into account such transformation. The relationship between riskless and risky utilities is also investigated. Riskless utilities have been regarded as a different concept than risky ones. An experiment where choice-based utilities are derived from choices and choiceless utilities from strength of preference judgments is carried out. The inconsistencies found are corrected through Prospect Theory (PT). Risky and riskless utilities seem to coincide when probability transformation is taken into account. We suspect that the differences found in previous experiments are partly due to the assumption of EUT. By bringing together these two utilities through PT the revealed-preference approach is reinforced. These results suggest that we could use riskless utilities in situations where risky utilities are difficult to obtain. Bücher, Hörbücher & Kalender / Bücher / Sachbuch / Wirtschaft, [PU: VDM Verlag Dr. Müller, Saarbrücken]
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2012, ISBN: 9783639278897
The effects of probability transformation on the elicitation of utilities under risk and under certainty are investigated. It has been observed in experiments with results counter to Expected Utility Theory (EUT) that the utility function is dependent on the method used for its elicitation. The problem resides in that assessment methods generally used do not take into account such transformation. The relationship between riskless and risky utilities is also investigated. Riskless utilities have been regarded as a different concept than risky ones. An experiment where choice-based utilities are derived from choices and choiceless utilities from strength of preference judgments is carried out. The inconsistencies found are corrected through Prospect Theory (PT). Risky and riskless utilities seem to coincide when probability transformation is taken into account. We suspect that the differences found in previous experiments are partly due to the assumption of EUT. By bringing together these two utilities through PT the revealed-preference approach is reinforced. These results suggest that we could use riskless utilities in situations where risky utilities are difficult to obtain. Buch (fremdspr.) Carolina Barrios Taschenbuch, VDM, 09.11.2012, VDM, 2012
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2012, ISBN: 9783639278897
Erscheinungsdatum: 09.11.2012, Medium: Taschenbuch, Einband: Kartoniert / Broschiert, Titel: Reconciling utility measurements through prospect theory, Titelzusatz: An experimental investigation, Autor: Barrios, Carolina, Verlag: VDM Verlag Dr. Müller e.K., Sprache: Englisch, Rubrik: Wirtschaft // Sonstiges, Seiten: 180, Informationen: Paperback, Gewicht: 286 gr, Verkäufer: averdo Sachbücher, [PU: VDM Verlag Dr. Müller, Saarbrücken]
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ISBN: 3639278895
Reconciling utility measurements through prospect theory ab 67.99 € als Taschenbuch: An experimental investigation. Aus dem Bereich: Bücher, Wissenschaft, Wirtschaftswissenschaft, Medien > Bücher, VDM Verlag Dr. Müller e.K.
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ISBN: 3639278895
Reconciling utility measurements through prospect theory ab 67.99 EURO An experimental investigation Medien > Bücher, [PU: VDM Verlag Dr. Müller, Saarbrücken]
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ISBN: 9783639278897
The effects of probability transformation on the elicitation of utilities under risk and under certainty are investigated. It has been observed in experiments with results counter to Expe… Mehr…
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2012, ISBN: 9783639278897
The effects of probability transformation on the elicitation of utilities under risk and under certainty are investigated. It has been observed in experiments with results counter to Expe… Mehr…
Nr. 23403875. Versandkosten:, Lieferbar in 2 - 3 Tage, DE. (EUR 0.00)

2012
ISBN: 9783639278897
Erscheinungsdatum: 09.11.2012, Medium: Taschenbuch, Einband: Kartoniert / Broschiert, Titel: Reconciling utility measurements through prospect theory, Titelzusatz: An experimental investi… Mehr…
Nr. 86229678. Versandkosten:, Next Day, DE. (EUR 0.00)

ISBN: 3639278895
Reconciling utility measurements through prospect theory ab 67.99 € als Taschenbuch: An experimental investigation. Aus dem Bereich: Bücher, Wissenschaft, Wirtschaftswissenschaft, Medien … Mehr…
Nr. 12308414. Versandkosten:, , zzgl. Versandkosten. (EUR 2.95)

ISBN: 3639278895
Reconciling utility measurements through prospect theory ab 67.99 EURO An experimental investigation Medien > Bücher, [PU: VDM Verlag Dr. Müller, Saarbrücken]
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Detailangaben zum Buch - Reconciling utility measurements through prospect theory
EAN (ISBN-13): 9783639278897
ISBN (ISBN-10): 3639278895
Gebundene Ausgabe
Taschenbuch
Erscheinungsjahr: 2010
Herausgeber: VDM Verlag
180 Seiten
Gewicht: 0,284 kg
Sprache: eng/Englisch
Buch in der Datenbank seit 2011-06-29T11:48:17+02:00 (Vienna)
Detailseite zuletzt geändert am 2020-09-23T15:16:21+02:00 (Vienna)
ISBN/EAN: 9783639278897
ISBN - alternative Schreibweisen:
3-639-27889-5, 978-3-639-27889-7
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