WP 2010-10 Is There a Plausible Theory for Decision under Risk? A Dual Calibration Critique
Published in 2013 in Economic Theory, Volume 54, Issue 2.
AUTHORS: James C. Cox, Vjollca Sadiraj, Bodo Vogt, and Utteeyo Dasgupta
ABSTRACT. Some theories of decision under risk have been critiqued with varying-payoffs calibration arguments. Such concavity calibration has no implication either for nonlinear probability transformation or for theories with variable reference… more »