Details about Peter P. Wakker
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Short-id: pwa205
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Working Papers
2019
- Trust as a decision under ambiguity
Post-Print, HAL View citations (21)
See also Journal Article in Experimental Economics (2019)
2016
- The Rich Domain of Ambiguity Explored
VfS Annual Conference 2016 (Augsburg): Demographic Change, Verein für Socialpolitik / German Economic Association View citations (1)
See also Journal Article in Management Science (2018)
2014
- BEWARE OF BLACK SWANS AND DO NOT IGNORE WHITE ONES?
Working Papers, HAL
2011
- The Rich Domain of Uncertainty: Source Functions and Their Experimental Implementation
Post-Print, HAL View citations (313)
Also in Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL (2011) View citations (292)
See also Journal Article in American Economic Review (2011)
- The midweight method to measure attitudes towards risk and ambiguity
Other publications TiSEM, Tilburg University, School of Economics and Management View citations (48)
2008
- Risk, Uncertainty and Discrete Choice Models
THEMA Working Papers, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise View citations (49)
See also Journal Article in Marketing Letters (2008)
2007
- Eliciting decision weights by adapting de Finetti's betting-odds method to prospect theory
Other publications TiSEM, Tilburg University, School of Economics and Management View citations (4)
See also Journal Article in Journal of Risk and Uncertainty (2007)
- The effects of statistical information on risk ambiguity attitudes, and on rational insurance decisions
Natural Field Experiments, The Field Experiments Website View citations (23)
2002
- Utility in Case-Based Decision Theory
Post-Print, HAL View citations (28)
See also Journal Article in Journal of Economic Theory (2002)
2000
- A Theory of the Gambling Effect
Discussion Paper, Tilburg University, Center for Economic Research View citations (1)
Also in Other publications TiSEM, Tilburg University, School of Economics and Management (2000)
- Comonotonic Book-Making with Nonadditive Probabilities
Discussion Paper, Tilburg University, Center for Economic Research 
Also in Other publications TiSEM, Tilburg University, School of Economics and Management (2000)
- On the Intuition of Rank-Dependent Utility
Other publications TiSEM, Tilburg University, School of Economics and Management View citations (1)
Also in Discussion Paper, Tilburg University, Center for Economic Research (2000) View citations (1)
See also Journal Article in Journal of Risk and Uncertainty (2001)
1998
- An Axiomatization of Cumulative Prospect Theory for Decision Under Risk
Papiers d'Economie Mathématique et Applications, Université Panthéon-Sorbonne (Paris 1)
See also Journal Article in Journal of Risk and Uncertainty (1999)
1997
- Choquet Integrals With Respect to Non-Monotonic Set Functions
Other publications TiSEM, Tilburg University, School of Economics and Management View citations (1)
Also in Discussion Paper, Tilburg University, Center for Economic Research (1997) View citations (3)
- Probabilistic insurance
Discussion Paper, Tilburg University, Center for Economic Research View citations (82)
Also in Other publications TiSEM, Tilburg University, School of Economics and Management (1997) View citations (71)
See also Journal Article in Journal of Risk and Uncertainty (1997)
1996
- A Single-Stage Approach to Anscombe and Aumann's Expected Utility
Discussion Paper, Tilburg University, Center for Economic Research 
Also in Other publications TiSEM, Tilburg University, School of Economics and Management (1996) 
See also Journal Article in Review of Economic Studies (1997)
- Revealed likelihood and knightian uncertainty
Other publications TiSEM, Tilburg University, School of Economics and Management 
Also in Discussion Paper, Tilburg University, Center for Economic Research (1996) 
See also Journal Article in Journal of Risk and Uncertainty (1998)
1994
- A simple axiomatization of nonadditive expected utility
Other publications TiSEM, Tilburg University, School of Economics and Management 
See also Journal Article in Econometrica (1992)
1992
- Independence of irrelevant alternatives and revealed group preferences
Other publications TiSEM, Tilburg University, School of Economics and Management 
See also Journal Article in Econometrica (1991)
- The Axiomatic Basis of Anticipated Utility: A Clarification
Discussion Paper, Tilburg University, Center for Economic Research View citations (1)
Also in Working Papers, Tilburg - Center for Economic Research (1992) View citations (7)
See also Journal Article in Journal of Economic Theory (1994)
1991
- Generalizing Choquet Expected Utility by Weakening Savage's Sure-Thing Priciple
Working Papers, California Irvine - School of Social Sciences
1983
- Risk sensitivity, independence of irrelevant alternatives and continuity of bargaining solutions
Other publications TiSEM, Tilburg University, School of Economics and Management View citations (2)
See also Journal Article in Mathematical Social Sciences (1983)
Journal Articles
2022
- Transforming Ordinal Riskless Utility into Cardinal Risky Utility: A Comment on Chung, Glimcher, and Tymula (2019)
American Economic Journal: Microeconomics, 2022, 14, (2), 561-65
2021
- Belief hedges: Measuring ambiguity for all events and all models
Journal of Economic Theory, 2021, 198, (C) View citations (1)
- Concave/convex weighting and utility functions for risk: A new light on classical theorems
Insurance: Mathematics and Economics, 2021, 100, (C), 429-435 View citations (4)
- Prince: An improved method for measuring incentivized preferences
Journal of Risk and Uncertainty, 2021, 62, (1), 1-28 View citations (19)
2020
- A Personal Tribute to David Schmeidler’s Influence
Revue économique, 2020, 71, (2), 387-390
- Savage for dummies and experts
Journal of Economic Theory, 2020, 186, (C) View citations (6)
- Social and strategic ambiguity versus betrayal aversion
Games and Economic Behavior, 2020, 123, (C), 272-287 View citations (8)
2019
- A powerful tool for analyzing concave/convex utility and weighting functions
Journal of Economic Theory, 2019, 181, (C), 143-159 View citations (5)
- Resolving Rabin’s paradox
Journal of Risk and Uncertainty, 2019, 59, (3), 239-260
- Trust as a decision under ambiguity
Experimental Economics, 2019, 22, (1), 51-75 View citations (21)
See also Working Paper (2019)
2018
- Making the Anscombe-Aumann approach to ambiguity suitable for descriptive applications
Journal of Risk and Uncertainty, 2018, 56, (1), 83-116 View citations (14)
- Measuring Ambiguity Attitudes for All (Natural) Events
Econometrica, 2018, 86, (5), 1839-1858 View citations (45)
- The Rich Domain of Ambiguity Explored
Management Science, 2018, 64, (7), 3227-3240 View citations (7)
See also Working Paper (2016)
2017
- Improving one’s choices by putting oneself in others’ shoes – An experimental analysis
Journal of Risk and Uncertainty, 2017, 54, (1), 1-13 View citations (4)
- Making Case-Based Decision Theory Directly Observable
American Economic Journal: Microeconomics, 2017, 9, (1), 123-51 View citations (9)
2016
- Ambiguity Attitudes in a Large Representative Sample
Management Science, 2016, 62, (5), 1363-1380 View citations (85)
- Group decision rules and group rationality under risk
Journal of Risk and Uncertainty, 2016, 52, (2), 99-116 View citations (12)
- Measuring Discounting without Measuring Utility
American Economic Review, 2016, 106, (6), 1476-94 View citations (35)
- Nash was a first to axiomatize expected utility
Theory and Decision, 2016, 81, (3), 309-312 View citations (4)
2015
- Discounted Utility and Present Value—A Close Relation
Operations Research, 2015, 63, (6), 1420-1430 View citations (3)
- MF Calculator: A Web-Based Application for Analyzing Similarity
Journal of Statistical Software, 2015, 065, (c02)
- Regret Theory: A Bold Alternative to the Alternatives
Economic Journal, 2015, (583), 493-532 View citations (42)
2014
- An experimental test of prospect theory for predicting choice under ambiguity
Journal of Risk and Uncertainty, 2014, 48, (1), 1-17 View citations (28)
- Average Utility Maximization: A Preference Foundation
Operations Research, 2014, 62, (1), 207-218 View citations (6)
- Beware of black swans: Taking stock of the description–experience gap in decision under uncertainty
Marketing Letters, 2014, 25, (3), 269-280 View citations (10)
- If nudge cannot be applied: a litmus test of the readers’ stance on paternalism
Theory and Decision, 2014, 76, (3), 297-315 View citations (2)
2013
- Expected utility without continuity: A comment on Delbaen et al. (2011)
Journal of Mathematical Economics, 2013, 49, (1), 28-30
2012
- A Direct Method for Measuring Discounting and QALYs More Easily and Reliably
Medical Decision Making, 2012, 32, (4), 583-593 View citations (21)
- Aggregating imprecise or conflicting beliefs: An experimental investigation using modern ambiguity theories
Journal of Risk and Uncertainty, 2012, 44, (2), 115-147 View citations (31)
- Random incentive systems in a dynamic choice experiment
Experimental Economics, 2012, 15, (3), 418-443 View citations (61)
- Relative concave utility for risk and ambiguity
Games and Economic Behavior, 2012, 75, (2), 481-489 View citations (17)
2011
- Jaffray’s ideas on ambiguity
Theory and Decision, 2011, 71, (1), 11-22 View citations (3)
- Prospect theory for continuous distributions: A preference foundation
Journal of Risk and Uncertainty, 2011, 42, (3), 195-210 View citations (24)
- The Rich Domain of Uncertainty: Source Functions and Their Experimental Implementation
American Economic Review, 2011, 101, (2), 695-723 View citations (320)
See also Working Paper (2011)
2010
- Process fairness and dynamic consistency
Economics Letters, 2010, 109, (3), 187-189 View citations (21)
2009
- A Truth Serum for Non-Bayesians: Correcting Proper Scoring Rules for Risk Attitudes *
Review of Economic Studies, 2009, 76, (4), 1461-1489 View citations (151)
- Non-hyperbolic time inconsistency
Games and Economic Behavior, 2009, 66, (1), 27-38 View citations (69)
2008
- Causes of ambiguity aversion: Known versus unknown preferences
Journal of Risk and Uncertainty, 2008, 36, (3), 225-243 View citations (54)
- Explaining the characteristics of the power (CRRA) utility family
Health Economics, 2008, 17, (12), 1329-1344 View citations (133)
- Lessons Learned by (from?) an Economist Working in Medical Decision Making
Medical Decision Making, 2008, 28, (5), 690-698 View citations (19)
- Risk, uncertainty and discrete choice models
Marketing Letters, 2008, 19, (3), 269-285 View citations (49)
See also Working Paper (2008)
2007
- Eliciting decision weights by adapting de Finetti’s betting-odds method to prospect theory
Journal of Risk and Uncertainty, 2007, 34, (3), 179-199 View citations (7)
See also Working Paper (2007)
- Prospect-theory’s Diminishing Sensitivity Versus Economics’ Intrinsic Utility of Money: How the Introduction of the Euro can be Used to Disentangle the Two Empirically
Theory and Decision, 2007, 63, (3), 205-231 View citations (36)
- Reconciling introspective utility with revealed preference: Experimental arguments based on prospect theory
Journal of Econometrics, 2007, 138, (1), 356-378 View citations (88)
2006
- Learning in the Allais paradox
Journal of Risk and Uncertainty, 2006, 33, (3), 155-164 View citations (25)
2005
- An index of loss aversion
Journal of Economic Theory, 2005, 122, (1), 119-131 View citations (240)
- Decision-foundations for properties of nonadditive measures: general state spaces or general outcome spaces
Games and Economic Behavior, 2005, 50, (1), 107-125 View citations (5)
- The Likelihood Method for Decision under Uncertainty
Theory and Decision, 2005, 58, (1), 3-76 View citations (17)
2004
- A Simple Tool for Qualitatively Testing, Quantitatively Measuring, and Normatively Justifying Savage's Subjective Expected Utility
Journal of Risk and Uncertainty, 2004, 28, (2), 135-145 View citations (9)
- Anchor Levels as a New Tool for the Theory and Measurement of Multiattribute Utility
Decision Analysis, 2004, 1, (4), 217-234 View citations (7)
- Correcting Biases in Standard Gamble and Time Tradeoff Utilities
Medical Decision Making, 2004, 24, (5), 511-517 View citations (27)
- The Utility of Gambling Reconsidered
Journal of Risk and Uncertainty, 2004, 29, (3), 241-259 View citations (54)
2002
- A simple preference foundation of cumulative prospect theory with power utility
European Economic Review, 2002, 46, (7), 1253-1271 View citations (34)
- Dutch books: avoiding strategic and dynamic complications, and a comonotonic extension
Mathematical Social Sciences, 2002, 43, (2), 135-149 View citations (24)
- Utility in Case-Based Decision Theory
Journal of Economic Theory, 2002, 105, (2), 483-502 View citations (30)
See also Working Paper (2002)
2001
- Nonmonotonic Choquet integrals
Journal of Mathematical Economics, 2001, 36, (1), 45-60 View citations (29)
- On the Intuition of Rank-Dependent Utility
Journal of Risk and Uncertainty, 2001, 23, (3), 281-98 View citations (91)
See also Working Paper (2000)
- Testing and Characterizing Properties of Nonadditive Measures through Violations of the Sure-Thing Principle
Econometrica, 2001, 69, (4), 1039-59 View citations (129)
2000
- Cumulative dominance and probabilistic sophistication
Mathematical Social Sciences, 2000, 40, (2), 191-196 View citations (11)
- Uncertainty aversion: a discussion of critical issues in health economics
Health Economics, 2000, 9, (3), 261-263 View citations (4)
- Unstable Preferences
Medical Decision Making, 2000, 20, (1), 62-71
1999
- A unified derivation of classical subjective expected utility models through cardinal utility
Journal of Mathematical Economics, 1999, 32, (1), 1-19 View citations (11)
- An Axiomatization of Cumulative Prospect Theory for Decision under Risk
Journal of Risk and Uncertainty, 1999, 18, (2), 137-45 View citations (55)
See also Working Paper (1998)
1998
- Dynamic Choice and NonExpected Utility
Journal of Risk and Uncertainty, 1998, 17, (2), 87-119 View citations (98)
- Patients' Utilities for Cancer Treatments
Medical Decision Making, 1998, 18, (4), 391-399 View citations (11)
- Revealed Likelihood and Knightian Uncertainty
Journal of Risk and Uncertainty, 1998, 16, (3), 223-50 View citations (57)
See also Working Paper (1996)
1997
- A Single-Stage Approach to Anscombe and Aumann's Expected Utility
Review of Economic Studies, 1997, 64, (3), 399-409 View citations (9)
See also Working Paper (1996)
- Back to Bentham? Explorations of Experienced Utility
The Quarterly Journal of Economics, 1997, 112, (2), 375-406 View citations (848)
- Characterizing QALYs by Risk Neutrality
Journal of Risk and Uncertainty, 1997, 15, (2), 107-14 View citations (75)
- Probabilistic Insurance
Journal of Risk and Uncertainty, 1997, 15, (1), 7-28 View citations (79)
See also Working Paper (1997)
1996
- A Criticism of Healthy-years Equivalents
Medical Decision Making, 1996, 16, (3), 207-214 View citations (15)
- A Test of Rank-Dependent Utility in the Context of Ambiguity
Journal of Risk and Uncertainty, 1996, 13, (1), 19-35 View citations (8)
- Cycle-preserving extension of demand functions to new commodities
Journal of Mathematical Economics, 1996, 25, (3), 281-290 View citations (1)
- HYEs: Rejoinder
Medical Decision Making, 1996, 16, (3), 216-216
- Multiattribute Utility Theory Without Expected Utility Foundations
Operations Research, 1996, 44, (2), 313-326 View citations (23)
- On solving intansitivities in repeated pairwise choices
Mathematical Social Sciences, 1996, 31, (1), 53-53 
Also in Mathematical Social Sciences, 1995, 29, (2), 83-101 (1995) View citations (3)
- The Comonotonic Sure-Thing Principle
Journal of Risk and Uncertainty, 1996, 12, (1), 5-27 View citations (38)
- The sure-thing principle and the comonotonic sure-thing principle: An axiomatic analysis
Journal of Mathematical Economics, 1996, 25, (2), 213-227 View citations (11)
1995
- Confidence intervals for cost/effectiveness ratios
Health Economics, 1995, 4, (5), 373-381 View citations (7)
- Explaining Distortions in Utility Elicitation through the Rank-dependent Model for Risky Choices
Medical Decision Making, 1995, 15, (2), 180-186 View citations (24)
- Risk Attitudes and Decision Weights
Econometrica, 1995, 63, (6), 1255-80 View citations (231)
1994
- A General Result for Quantifying Beliefs
Econometrica, 1994, 62, (3), 683-85 View citations (2)
- Comonotonic Independence: The Critical Test between Classical and Rank-Dependent Utility Theories
Journal of Risk and Uncertainty, 1994, 9, (3), 195-230 View citations (50)
- The Axiomatic Basis of Anticipated Utility: A Clarification
Journal of Economic Theory, 1994, 64, (2), 486-499 View citations (25)
See also Working Paper (1992)
- WARP Does Not Imply SARP for More Than Two Commodities
Journal of Economic Theory, 1994, 62, (1), 152-160 View citations (23)
1993
- A Unifying Approach to Axiomatic Non-expected Utility Theories: Correction and Comment
Journal of Economic Theory, 1993, 59, (1), 183-188 View citations (15)
- Additive representations on rank-ordered sets: II. The topological approach
Journal of Mathematical Economics, 1993, 22, (1), 1-26 View citations (49)
- An Axiomatization of Cumulative Prospect Theory
Journal of Risk and Uncertainty, 1993, 7, (2), 147-75 View citations (205)
- Clarification of some mathematical misunderstandings about Savage's foundations of statistics, 1954
Mathematical Social Sciences, 1993, 25, (2), 199-202 View citations (3)
- Counterexamples to Segal's Measure Representation Theorem
Journal of Risk and Uncertainty, 1993, 6, (1), 91-98 View citations (6)
- Decision Making with Belief Functions: Compatibility and Incompatibility with the Sure-Thing Principle
Journal of Risk and Uncertainty, 1993, 7, (3), 255-71 View citations (19)
- From local to global additive representation
Journal of Mathematical Economics, 1993, 22, (6), 523-545 View citations (30)
- Savage's Axioms Usually Imply Violation of Strict Stochastic Dominance
Review of Economic Studies, 1993, 60, (2), 487-493 View citations (14)
1992
- A Simple Axiomatization of Nonadditive Expected Utility
Econometrica, 1992, 60, (6), 1255-72 View citations (106)
See also Working Paper (1994)
- Characterizing Stochastically Monotone Functions by Multiattribute Utility Theory
Economic Theory, 1992, 2, (4), 565-66
1991
- Independence of Irrelevant Alternatives and Revealed Group Preferences
Econometrica, 1991, 59, (6), 1787-1801 View citations (36)
See also Working Paper (1992)
1990
- Characterizing optimism and pessimism directly through comonotonicity
Journal of Economic Theory, 1990, 52, (2), 453-463 View citations (47)
1989
- Continuous subjective expected utility with non-additive probabilities
Journal of Mathematical Economics, 1989, 18, (1), 1-27 View citations (50)
1988
- Continuity of Preference Relations for Separable Topologies
International Economic Review, 1988, 29, (1), 105-10 View citations (13)
- Derived strengths of preference relations on coordinates
Economics Letters, 1988, 28, (4), 301-306 View citations (7)
1987
- Subjective probabilities for state dependent continuous utility
Mathematical Social Sciences, 1987, 14, (3), 289-298 View citations (24)
1986
- Convex functions on non-convex domains
Economics Letters, 1986, 22, (2-3), 251-255 View citations (1)
1983
- Risk sensitivity, independence of irrelevant alternatives and continuity of bargaining solutions
Mathematical Social Sciences, 1983, 4, (3), 295-300 View citations (3)
See also Working Paper (1983)
Books
2010
- Prospect Theory
Cambridge Books, Cambridge University Press View citations (191)
Also in Cambridge Books, Cambridge University Press (2010) View citations (191)
Chapters
2013
- The Data of Levy and Levy (2002) “Prospect Theory: Much Ado About Nothing?” Actually Support Prospect Theory
Chapter 8 in HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, 2013, pp 145-147
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