An extension of the Becker proposition to non-expected utility theory
Tài liệu tham khảo
Abdellaoui, 2005, Choice-based elicitation and decomposition of decision weights for gains and losses under uncertainty, Management Science, 51, 1384, 10.1287/mnsc.1050.0388
al-Nowaihi, 2008, The utility function under prospect theory, Economics Letters, 99, 337, 10.1016/j.econlet.2007.08.004
al-Nowaihi, A., Dhami, S., 2011a. Hyperbolic punishment functions. University of Leicester Discussion Paper Series, 11/42, in the Review of Law and Economics, BE Press Journals (forthcoming).
Andreoni, 1991, Reasonable doubt and the optimal magnitude of fines: should the penalty fit the crime?, RAND Journal of Economics, 22, 385, 10.2307/2601054
Bentham, 1789
Colman, 1995, Prisoner’s dilemma, chicken, and mixed-strategy evolutionary equilibria, Behavioral and Brain Sciences, 18, 550, 10.1257/aer.101.5.1912
Crawford, 2011, New York city cabdrivers’ labor supply revisited: reference-dependence preferences with rational-expectations targets for hours and income, The American Economic Review, 101, 1912, 10.1257/jel.47.2.315
DellaVigna, 2009, Psychology and economics: evidence from the field, Journal of Economic Literature, 47, 315, 10.1016/j.jebo.2006.08.006
Dhami, 2007, Why do people pay taxes? Prospect theory versus expected utility theory, Journal of Economic Behavior and Organization, 64, 171, 10.1016/j.jebo.2010.03.004
Feess, 2009, Why higher punishments may reduce deterrence, Economics Letters, 104, 69, 10.1086/250110
Friedman, 1999, Why not hang them all: the virtues of inefficient punishment, Journal of Political Economy, 107, S259, 10.1006/cogp.1998.0710
Gonzalez, 1999, On the shape of the probability weighting function, Cognitive Psychology, 38, 129, 10.1257/000282803322655392
Koszegi, 2006, A Model of reference-dependent preferences, Quarterly Journal of Economics, 121, 1133, 10.1016/S0167-2681(95)90015-2
Lattimore, 1992, The influence of probability on risky choice: a parametric investigation, Journal of Economic Behavior and Organization, 17, 377, 10.1257/089533004773563485
Levitt, 2004, Understanding why crime fell in the 1990’s: four factors that explain the decline and six that do not, The Journal of Economic Perspectives, 18, 163, 10.1257/089533004773563485
Marquis, 1996, Alternative models of choice under uncertainty and demand for health insurance, The Review of Economics and Statistics, 78, 421, 10.1016/S0165-1765(97)00042-6
Novemsky, 2005, The boundaries of loss aversion, Journal of Marketing Research, 42, 119, 10.1016/S1574-0730(07)01006-7
Polinsky, 1979, The optimal trade-off between the probability and magnitude of fines, American Economic Review, 69, 880, 10.1093/aler/2.2.223
Polinsky, 1991, A note on optimal fines when the wealth varies among individuals, American Economic Review, 81, 618, 10.1257/jel.38.1.45
Polinsky, 2000, The fairness of sanctions: some implications for optimal enforcement policy, American Law and Economics Review, 2, 223, 10.1093/aler/2.2.223
Polinsky, 2000, The economic theory of public enforcement of law, Journal of Economic Literature, 38, 45, 10.1257/jel.38.1.45
Starmer, 2000, Developments in non-expected utility theory: the hunt for a descriptive theory of choice under risk, Journal of Economic Literature, 38, 332, 10.1257/jel.38.2.332
Wakker, 2010