Publication: Risk and Rationality: The Effect of Incidental Mood on Probability Weighting
Risk and Rationality: The Effect of Incidental Mood on Probability Weighting
Date
Date
Date
Citations
Fehr-Duda, H., Epper, T., Bruhin, A., & Schubert, R. (2007). Risk and Rationality: The Effect of Incidental Mood on Probability Weighting (No. 703; Working Paper Series / Socioeconomic Institute).
Abstract
Abstract
Abstract
When valuing risky prospects, people tend to overweight small probabilities and to underweight large probabilities. Nonlinear probability weighting has proven to be a robust empirical phenomenon and has been integrated in decision models, such as cumulative prospect theory. Based on a laboratory experiment with real monetary incentives, we show that incidental emotional states, such as preexisting good mood, have a significant effect on the shape of the probability weighting function, albeit only for women. Women in a better than norm
Metrics
Downloads
Views
Citations
Additional indexing
Creators (Authors)
Series Name
Series Name
Series Name
Item Type
Item Type
Item Type
JEL Classification
JEL Classification
JEL Classification
C91
Scope
Scope
Scope
Language
Language
Language
Publication date
Publication date
Publication date
Date available
Date available
Date available
OA Status
OA Status
OA Status
Other Identification Number
Other Identification Number
Other Identification Number
Metrics
Downloads
Views
Citations
Citations
Fehr-Duda, H., Epper, T., Bruhin, A., & Schubert, R. (2007). Risk and Rationality: The Effect of Incidental Mood on Probability Weighting (No. 703; Working Paper Series / Socioeconomic Institute).
