The Two Faces of Independence: Betweenness and Homotheticity

Burghart, Daniel R.; Epper, Thomas; Fehr, Ernst

doi:10.2139/ssrn.2523486

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“…One potential direction could be an exploration of whether individuals that exhibit increasing ambiguity aversion also commit Allais-type violations of Expected Utility (Allais, 1953;Burghart et al, 2014). For Allais-type violations it is widely taken that risk aversion is increasing as the likelihood for the good outcome increases(see Machina (1982), Hypothesis II and Figure 5b).…”

Section: Discussionmentioning

confidence: 99%

The Ambiguity Triangle: Uncovering Fundamental Patterns of Behavior Under Uncertainty

2015

Self Cite

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Section: Discussionmentioning

confidence: 99%

The Ambiguity Triangle: Uncovering Fundamental Patterns of Behavior Under Uncertainty

2015

Self Cite

View full text Add to dashboard Cite

Under Risk, Over Time, Regarding Other People: Language and Rationality within Three Dimensions

Jullien

Vallois

2018

SSRN Journal

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This paper conducts a systematic comparison of behavioral economics's challenges to the standard accounts of economic behaviors within three dimensions: under risk, over time and regarding other people. A new perspective on two underlying methodological issues, i.e., interdisciplinarity and the positive/normative distinction, is proposed by following the entanglement thesis of Hilary Putnam, Vivian Walsh and Amartya Sen. This thesis holds that facts, values and conventions have interdependent meanings in science which can be understood by scrutinizing formal and ordinary language uses. The goal is to provide a broad and self-contained picture of how behavioral economics is changing the mainstream of economics.

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The Two Faces of Independence: Betweenness and Homotheticity

Cited by 2 publications

References 43 publications

The Ambiguity Triangle: Uncovering Fundamental Patterns of Behavior Under Uncertainty

The Ambiguity Triangle: Uncovering Fundamental Patterns of Behavior Under Uncertainty

Under Risk, Over Time, Regarding Other People: Language and Rationality within Three Dimensions

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