D Dillenberger - Econometrica, 2010 - Wiley Online Library
Experimental evidence suggests that individuals are more risk averse when they perceive
risk that is gradually resolved over time. We address these findings by studying a decision
maker who has recursive, nonexpected utility preferences over compound lotteries. The ...
D Dillenberger… - Theoretical Economics, 2012 - Wiley Online Library
We study a decision maker (DM) who has preferences over choice problems, which are sets
of payoff allocations between herself and a passive recipient. An example of such a set is
the collection of possible allocations in the classic dictator game. The choice of an ...
D Dillenberger… - PIER Working Paper Archive, 2010 - papers.ssrn.com
Abstract: We propose a model of history dependent disappointment aversion (HDDA),
allowing the attitude of a decision-maker (DM) towards disappointment at each stage of a T-
stage lottery to evolve as a function of his history of disappointments and elations in prior ...
[CITATION] Don't tell me anything until you know for sure
S Artstein-Avidan… - 2006 - mimeo
D Dillenberger, A Postlewaite… - Cowles Foundation …, 2011 - econ.yale.edu
Abstract Savage (1954) provided axioms on preferences over acts that were equivalent to
the existence of an expected utility representation. We show that there is a continuum of
other “expected utility” representations in which for any act, the probability distribution over ...
[CITATION] Forthcoming.“Ashamed to Be Selfish.”
D Dillenberger… - Theoretical Economics
[CITATION] qDonpt tell me anything until you know for sure. rUnpublished
S Artstein'Avidan… - 2006
S Artstein-Avidan… - 2010 - economics.sas.upenn.edu
Abstract We extend Gul's (1991) model of disappointment aversion into a dynamic setting
while keeping its basic characteristics intact. We show that for a disappointment-averse
decision maker, splitting a lottery into several stages reduces its value. This result ...
D Dillenberger - Dissertation Abstracts International, 2008 - princeton.edu
Abstract The first chapter, VPreferences for One Shot Resolution of Uncertainty and Allais
Type BehaviorV, is motivated by experimental evidence that suggests that individuals are
more risk averse when they perceive risk gradually. We address these findings by ...
S Artstein-Avidan… - PIER Working Paper Archive, 2010 - papers.ssrn.com
Abstract: We show that for a disappointment-averse decision maker, splitting a lottery into
several stages reduces its value. To do this, we extend Gul. s (1991) model of
disappointment aversion into a dynamic setting while keeping its basic characteristics ...
D Dillenberger… - 2012 - economics.sas.upenn.edu
Abstract Machina [2] suggested three situations where ambiguity aversion should be
revealed, but which none of four of the existing models in the literature can accommodate.
We show that the recursive nonexpected utility model of Segal [4] is consistent with all ...
S Artstein… - 2010 - economics.sas.upenn.edu
Abstract We extend Gulis (1991) model of disappointment aversion into a dynamic setting
while keeping its basic characteristics intact. We show that for a disappointment% averse
decision maker, splitting a lottery into several stages reduces its value. This result ...
YC Submitter, D Dillenberger… - 2011 - papers.ssrn.com
Abstract: We propose a model of history-dependent risk attitude (HDRA), allowing the
attitude of a decision-maker (DM) towards risk at each stage of a T-stage lottery to evolve as
a function of his history of disappointments and elations in prior stages. We establish an ...
D Dillenberger, A Postlewaite… - 2011 - papers.ssrn.com
Abstract: Savage (1954) provided a set of axioms on preferences over acts that were
equivalent to the existence of an expected utility representation. We show that in addition to
this representation, there is a continuum of other. expected utility. representations in which ...
D Dillenberger - 2009 - papers.ssrn.com
Abstract: Experimental evidence suggests that individuals are more risk averse when they
perceive risk that is gradually resolved over time. We address these findings by studying a
decision maker (DM) who has recursive, non-expected utility preferences over compound ...
D Dillenberger… - 2011 - economics.sas.upenn.edu
Abstract Dillenberger (Econometrica, Vol. 78, No. 6 (November, 2010), 1973—2004)
introduced the negative certainty independence (NCI) axiom. He left open the question of
whether there are continuous and monotone preference relations over simple lotteries that ...
D Dillenberger… - 2011 - economics.sas.upenn.edu
Abstract We study an individual who faces a dynamic decision problem in which the process
of information arrival is unobserved by the analyst. We derive a sequence of representations
of preferences over menus of acts that capture the individual's uncertainty about his future ...
D Dillenberger… - 2011 - papers.ssrn.com
Abstract: We study a decision maker who faces a dynamic decision problem in which the
process of information arrival is subjective. By studying preferences over menus of acts, we
derive a sequence of utility representations that captures the decision maker's uncertainty ...
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D Dillenberger… - 2011 - papers.ssrn.com
Abstract: We propose a model of history-dependent risk attitude (HDRA), allowing the
attitude of a decision-maker (DM) towards risk at each stage of a T-stage lottery to evolve as
a function of his history of disappointments and elations in prior stages. We establish an ...
D DILLENBERGER - Econometrica, 2010 - economics.sas.upenn.edu
Experimental evidence suggests that individuals are more risk averse when they perceive
risk that is gradually resolved over time. We address these findings by studying a decision
maker who has recursive, nonexpected utility preferences over compound lotteries. The ...
D Dillenberger… - 2012 - papers.ssrn.com
Abstract: We study an individual who faces a dynamic decision problem in which the
process of information arrival is unobserved by the analyst. We derive a sequence of
representations of preferences over menus of acts that capture the individual's uncertainty ...
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