منابع مشابه
A Quantitative Measurement of Regret Theory
T paper introduces a method to measure regret theory, a popular theory of decision under uncertainty. Regret theory allows for violations of transitivity, and it may seem paradoxical to quantitatively measure an intransitive theory. We adopt the trade-off method and show that it is robust to violations of transitivity. Our method makes no assumptions about the shape of the functions reflecting ...
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When a risky decision involves both skill and chance, success or failure is a signal of the decision maker's skill. Adopting standard models from the career concerns literature, we show that a rational desire to avoid looking unskilled may help explain several anomalies associated with prospect theory, including probability weighting, loss aversion, and framing. Prospect theory's four-fold patt...
متن کاملSkill reputation, prospect theory, and regret theory
When a risky decision involves both skill and chance, success or failure provides information about the decision maker’s skill. Using standard models from the principal—agent literature, we show that a concern for skill reputation can help explain the central prediction of prospect theory that people tend to overweight small probabilities and underweight large probabilities. When the odds of su...
متن کاملRegret theory and risk attitudes∗
We examine risk attitudes under regret theory and derive analytical expressions for two components—the resolution and regret premiums—of the risk premium under regret theory. We posit that regret-averse decision makers are risk seeking (resp., risk averse) for low (resp., high) probabilities of gains and that feedback concerning the forgone option reinforces risk attitudes. We test these hypoth...
متن کاملapplying transitivity theory to gender analysis of efl textbook: : a comparative study.
efl/esl textbooks have been regarded as essential language teaching materials with which the learners spend about 70 up to 90 percent of their class time. the important role they play and their vast use make them not only influential in learning the language but also in shaping values and attitudes. put it another way, textbooks socialize learners using their contents (i.e. texts, illustrations...
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ژورنال
عنوان ژورنال: Contemporary Political Theory
سال: 2018
ISSN: 1470-8914,1476-9336
DOI: 10.1057/s41296-018-0219-2