Zobrazeno 1 - 10
of 10
pro vyhledávání: '"Craig S. Webb"'
Publikováno v:
Theory and decision, 2019, Vol.87(2), pp.201-232 [Peer Reviewed Journal]
Pan, J, Webb, C & Zank, H 2019, ' Delayed Probabilistic Risk Attitude: A Parametric Approach ', Theory and Decision . https://doi.org/10.1007/s11238-019-09712-9
Pan, J, Webb, C & Zank, H 2019, ' Delayed Probabilistic Risk Attitude: A Parametric Approach ', Theory and Decision . https://doi.org/10.1007/s11238-019-09712-9
Experimental studies suggest that individuals exhibit more risk aversion in choices among prospects when the payment and resolution of uncertainty is immediate relative to when it is delayed. This leads to preference reversals that cannot be attribut
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::09d25b7a90d8fe91398bdf70c92f0c32
http://dro.dur.ac.uk/28518/3/28518.pdf
http://dro.dur.ac.uk/28518/3/28518.pdf
Autor:
Craig S. Webb
Publikováno v:
Webb, C 2019, ' Trichotomic Discounted Utility ', Theory and Decision . https://doi.org/10.1007/s11238-019-09710-x
Recent evidence on intertemporal choice suggests that decision-makers may exhibit both increasing and decreasing impatience simultaneously, called inverse-S discounting. This paper introduces trichotomic discounted utility to model inverse-S discount
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::9f942b58ea4ea94e1a49ea9a0899b5ba
https://www.research.manchester.ac.uk/portal/en/publications/trichotomic-discounted-utility(121f3055-ec29-4290-8a32-be4220a1a2af).html
https://www.research.manchester.ac.uk/portal/en/publications/trichotomic-discounted-utility(121f3055-ec29-4290-8a32-be4220a1a2af).html
Autor:
Craig S. Webb
Publikováno v:
Webb, C 2016, ' Purely subjective variational preferences ', Economic Theory, vol. 64, pp. 121–137 . https://doi.org/10.1007/s00199-016-1003-2
Variational preferences (Maccheroni, Marinacci and Rustichini, 2006) are an important class of ambiguity averse preferences, compatible with Ellsberg-type phenomena. In this paper, a new foundation for variational preferences is derived in a framewor
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::180c95430d2984720d7f004407db2e3e
https://doi.org/10.1007/s00199-016-1003-2
https://doi.org/10.1007/s00199-016-1003-2
Autor:
Craig S. Webb
Publikováno v:
Webb, C 2016, ' Piecewise linear rank-dependent utility. ', Theory and Decision . https://doi.org/10.1007/s11238-016-9569-5
Choice under risk is modelled using a piecewise linear version of rank-dependent utility. This model can be considered a continuous version of NEO-expected utility (Chateauneuf et al., J Econ Theory 137:538–567, 2007). In a framework of objective p
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::c98b0ddf40c8f0bc124622670466c9c1
https://doi.org/10.1007/s11238-016-9569-5
https://doi.org/10.1007/s11238-016-9569-5
Autor:
Craig S. Webb
Publikováno v:
Webb, C 2016, ' Continuous quasi-hyperbolic discounting ', Journal of Mathematical Economics, vol. 64, pp. 99-106 . https://doi.org/10.1016/j.jmateco.2016.04.001
This paper studies intertemporal choice in a dynamic framework with continuous time. A model called continuous quasi-hyperbolic discounting is considered, extending the popular quasi-hyperbolic discounting to an integral form. Dynamic preference axio
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::e37f9f55e2513fe4b2df01844f614eff
https://doi.org/10.1016/j.jmateco.2016.04.001
https://doi.org/10.1016/j.jmateco.2016.04.001
Autor:
Craig S. Webb
Publikováno v:
Economic Theory. 60:371-392
A model of choice under purely subjective uncertainty, Piecewise Additive Choquet Expected utility, is introduced. PACE utility allows for optimism and pessimism simultaneously, but represents a minimal departure from expected utility. It can be seen
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::5ef5e2d48530fc9af090292616865fde
https://doi.org/10.1007/s00199-015-0871-1
https://doi.org/10.1007/s00199-015-0871-1
Publikováno v:
Games and economic behavior, 2015, Vol.89, pp.43-55 [Peer Reviewed Journal]
Two-Stage Exponential (TSE) discounting, the model developed here, generalises exponential discounting in a parsimonious way. It can be seen as an extension of Quasi-Hyperbolic discounting to continuous time. A TSE discounter has a constant rate of t
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::3ccf4b3ec3ff59ea29334dd8a4906848
https://doi.org/10.1016/j.geb.2014.11.003
https://doi.org/10.1016/j.geb.2014.11.003
Autor:
Horst Zank, Craig S. Webb
Publikováno v:
Journal of Mathematical Economics. 47:706-717
We provide a preference foundation for decision under risk resulting in a model where probability weighting is linear as long as the corresponding probabilities are not extreme (i.e., 0 or 1). This way, most of the elegance and mathematical tractabil
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::515b8f6cb9682fe6fc6783c32224ba6a
https://doi.org/10.1016/j.jmateco.2011.09.007
https://doi.org/10.1016/j.jmateco.2011.09.007
Autor:
Craig S. Webb
Publikováno v:
Economic Theory. 52:15-39
This paper reconsiders the Bargaining Problem of Nash (Econometrica 28:155–162, 1950). I develop a new approach, Conditional Bargaining Problems, as a framework for measuring cardinal utility. A Conditional Bargaining Problem is the conjoint extens
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::58638e649229a109efb81a0a21b3c63c
https://doi.org/10.1007/s00199-011-0680-0
https://doi.org/10.1007/s00199-011-0680-0