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Modelling Choice and Valuation in Decision Experiments| old_uid | 5644 |
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| title | Modelling Choice and Valuation in Decision Experiments |
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| start_date | 2008/11/20 |
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| schedule | 16h30 |
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| online | no |
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| summary | This paper develops parsimonious descriptive model of ndividual choice and valuation in the kinds of experiments that constitute a substantial part of the literature.
It argues that most of he best-known ‘regularities’ observed in those experiments arise from a tendency or participants o prceive probabilities and pyoffs in a particular way. This model oganises much more of he data han any oher extant model and generates a number of novel testable implications. It also helps identify the conditions under which expected utility theory and all of its current main rivals are liable –ndeed, bound –to fail. |
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| oncancel | séance supplémentaire |
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| responsibles | Hollard |
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