کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5096622 1376538 2011 9 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Evaluation of similarity models for expected utility violations
موضوعات مرتبط
مهندسی و علوم پایه ریاضیات آمار و احتمال
پیش نمایش صفحه اول مقاله
Evaluation of similarity models for expected utility violations
چکیده انگلیسی
A body of work proposes a decision cost argument to explain expected utility (EU) violations based on pair similarity. These similarity models suggest various measures over the risky pairs that define decision costs and benefits. This paper assesses the empirical modeling success of these similarity measures in explaining risky choice patterns showing EU independence violations. We also compare model fit for these similarity models relative to EU and to a selected generalized EU model. Although the candidate models exhibit some degree of substitutability, our results indicate support for models that use relatively simple measures as instruments for similarity.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Econometrics - Volume 162, Issue 1, May 2011, Pages 105-113
نویسندگان
, ,