Disappointment without prior expectation: a unifying perspective on decision under riskSpringer Science and Business Media LLC - Tập 33 - Trang 197-215 - 2006
Philippe Delquié, Alessandra Cillo
The central idea of Disappointment theory is that an individual forms an expectation about a risky alternative, and may experience disappointment if the outcome eventually obtained falls short of the expectation. We abandon the hypothesis of a well-defined prior expectation: disappointment feelings may arise from comparing the outcome received with anyof the gamble’s outcomes that the individual f...... hiện toàn bộ
An Experimental Comparison of Induced and Elicited BeliefsSpringer Science and Business Media LLC - Tập 30 - Trang 169-188 - 2005
Terrance M. Hurley, Jason F. Shogren
Understanding choice under risk requires knowledge of beliefs and preferences. A variety of methods have been proposed to elicit peoples’ beliefs. The efficacy of alternative methods, however, has not been rigorously documented. Herein we use an experiment to test whether an induced probability can be recovered using an elicitation mechanism based on peoples’ predictions about a random event. We a...... hiện toàn bộ
Time preferences and risk aversion: Tests on domain differencesSpringer Science and Business Media LLC - - 2016
Christos A. Ioannou, Jana Sadeh
Understanding how individuals discount and evaluate the risks of environmental outcomes is a prime component in designing effective environmental policy. We use an incentivized experimental design to investigate whether subjects’ time preferences and risk aversion across the monetary and environmental domains differ. We find that subjects’ time preferences are not significantly different across th...... hiện toàn bộ
Towards a typology of risk preference: Four risk profiles describe two-thirds of individuals in a large sample of the U.S. populationSpringer Science and Business Media LLC - Tập 66 - Trang 1-17 - 2022
Renato Frey, Shannon M. Duncan, Elke U. Weber
It has been a longstanding goal of the behavioral sciences to measure and model people’s risk preferences. In this article, we adopt a novel theoretical perspective of doing so and test to what extent specific types of individuals share similar risk profiles (i.e., configurations of multidimensional risk preferences). To this end, we analyzed data of a U.S. sample (N = 3,123) in a comprehensive an...... hiện toàn bộ
Intuitions about penalties and compensation in the context of tort lawSpringer Science and Business Media LLC - - 1993
Jonathan Baron, Ilana Ritov
Students, retired judges, economists, and others made judgments of appropriate penalties and compensation for hypothetical injuries. In some scenarios, compensation was paid by the government and penalties were paid to the government, so the two could differ. Penalties were generally uninfluenced by their deterrent effect on future behavior. Penalties were greater when they were paid directly to t...... hiện toàn bộ