Disappointment theory is a very well know theory among the non-expected utility models. We develop a disappointment model in which disappointment and elation might arise by comparing the obtained outcome not with a prior expectation as in the previous disappointment models, rather with each individual outcome of the lottery. Our model may provide a clear psychological rationale for the subjective transformation of probabilitites.

Expectations, disappointment, and rank dependent probability weighting

Cillo, Alessandra
2006

Abstract

Disappointment theory is a very well know theory among the non-expected utility models. We develop a disappointment model in which disappointment and elation might arise by comparing the obtained outcome not with a prior expectation as in the previous disappointment models, rather with each individual outcome of the lottery. Our model may provide a clear psychological rationale for the subjective transformation of probabilitites.
2006
Delquié, Philippe; Cillo, Alessandra
File in questo prodotto:
File Dimensione Formato  
A_Cillo_3.pdf

non disponibili

Tipologia: Pdf editoriale (Publisher's layout)
Licenza: NON PUBBLICO - Accesso privato/ristretto
Dimensione 90.53 kB
Formato Adobe PDF
90.53 kB Adobe PDF   Visualizza/Apri

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11565/3714693
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 20
  • ???jsp.display-item.citation.isi??? 18
social impact