Empirical Comparisons of Bilinear and Nonbilinear Utility Theories

Organizational Behavior and Human Decision Processes

Volumn 84, Issue 1, 2001, Pages 71-94

  Sneddon, Robert ^b   Luce, R Duncan ^a  

^a UNIVERSITY OF CALIFORNIA   (United States)

^b CALIFORNIA INSTITUTE OF TECHNOLOGY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0035218461     PISSN: 07495978     EISSN: None     Source Type: Journal    
DOI: 10.1006/obhd.2000.2919     Document Type: Article

References (28)

1. Brent R. P. Algorithms for maximization without derivatives. 1973;Prentice Hall, Englewood Cliffs.
2. Chechile R. A., Butler S. F. Is "generic utility theory" a suitable theory of choice behavior for gambles with mixed gains and losses? Journal of Risk and Uncertainty. 2000;189-211.
3. Chechile R. A., Cooke A.D. J. An experimental test of a general class of utility models: Evidence for context dependency. Journal of Risk and Uncertainty. 14:1997;75-93.
4. Chechile R. A., Luce R. D. Reanalysis of the Chechile - Cooke experiment: Correcting for mismatched gambles. Journal of Risk and Uncertainty. 18:1999;321-325.
5. Cho Y., Luce R. D. Tests of hypotheses about certainty equivalents and joint receipt of gambles. Organizational Behavior and Human Decision Processes. 64:1995;229-248.
6. Cho Y., Luce R. D., von Winterfeldt D. Tests of assumptions about the joint receipt of gambles in rank- and sign-dependent utility theory. Journal of Experimental Psychology: Human Perception and Performance. 20:1994;931-943.
7. Fisher, G. (, 1999, ), Empirical investigation of three properties of joint receipt. Ph.D. thesis, University of California, Irvine.
8. Goldestein W. M., Einhorn H. J. Expression theory and the preference reversal phenomena. Psychological Review. 94:1987;236-254.
9. Gonzalez R., Wu G. On the shape of the probability weighting function. Cognitive Psychology. 38:1999;129-166.
10. Kahneman D., Tversky A. Prospect theory: An analysis of decision under risk. Econometrica. 47:1979;263-291.
11. Karmarkar U. S. Subjectively weighted utility: A descriptive extension of expected utility model. Organizational Behavior and Human Performances. 21:1978;61-72.
12. Lattimore P. K., Baker J., Witte A. D. The influence of probability on risky choice: A parametric examination. Journal of Economic Behavior and Organization. 17:1992;377-400.
13. Luce R. D. Rank- and sign-dependent linear utility models for binary gambles. Journal of Economic Theory. 53:1991;75-100.
14. Luce R. D. When four distinct ways to measure utility are the same. Journal of Mathematical Psychology. 40:1996;297-317.
15. Luce R. D. Associative joint receipts. Mathematical Social Sciences. 34:1997;51-74.
16. Luce R. D. Utility of gains and losses: Measurement-theoretical and experimental approaches. 2000a;Erlbaum, Mawhaw.
17. Luce R. D. Comment on Prelec's (1998). The probability weighting function. Journal of Mathematical Psychology. 44:2000b.
18. Luce R. D., Fishburn P. Rank- and sign-dependent linear utility models for finite first-order gambles. Journal of Risk and Uncertainty. 4:1991;29-59.
19. Luce R. D., Fishburn P. A note on deriving rank-dependent utility using additive joint receipts. Journal of Risk and Uncertainty. 11:1995;5-16.
20. Miyamoto J. M. Generic analysis of utility models. Utility theories: Measurements and applications. 1992;Kluwer, Norwell. p. 73-106.
21. Powell M. J. D. An efficient method for finding the minimum of a function in several variable without calculating derivatives. Computer Journal. 7:1964;155-162.
22. Prelec D. The probability weighting function. Econometric. 66:1998;497-527.
23. Quiggin J. A theory of anticipated utility. Journal of Economic Behavior. 3:1982;324-343.
24. Quiggin J. Generalized expected utility theory: The rank-dependent model. 1993;Kluwer, Boston.
25. Slovic P., Lichtenstein S. Importance of variance preferences in gambling decisions. Journal of Experimental Psychology. 778:1968;646-654.
26. Tversky A., Kahneman D. Advances in prospect theory: Cumulative representation of uncertainty. Journal of Risk and Uncertainty. 5:1992;204-217.
27. Von Neumann J., Morgenstern O. The theory of games and economic behavior. 1947;Princeton Univ. Press, Princeton.
28. Winterfeldt D. von, Chung N. -K., Luce R. D., Cho Y. Tests of consequence monotonicity in decision making under uncertainty. Journal of Experimental Psychology: Learning, Memory, and Cognition. 23:1997;406-426.