Advances in decision making under risk and uncertainty

Contributors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . xi Part I Uncertainty and Information Modeling Revealed Ambiguity and Its Consequences: Updating . . . . . . . . . . . . . . . . . 3 P. Ghirardato, F. Maccheroni, and M. Marinacci Dynamic Decision Making When Risk Perception Depends on Past Experience . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 M. Cohen, J. Etner, and M. Jeleva Representation of Conditional Preferences Under Uncertainty . . . . . . . . . . 33 G.B. Asheim Subjective Information in Decision Making and Communication . . . . . . . . 49 J.D. Stecher Part II Risk Modeling Sensitivity Analysis in Decision Making: A Consistent Approach . . . . . . . . 65 E. Borgonovo and L. Peccati Alternation Bias and the Parameterization of Cumulative Prospect Theory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 91 K. Kaivanto Proposing a Normative Basis for the S-Shaped Value Function. . . . . . . . . . 109 M.E. Fabiyi Part III Experimental Individual Decision Making Individual Choice from a Convex Lottery Set: Experimental Evidence . . . 121 T. Neugebauer ix x Contents Temptations and Dynamic Consistency . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 137 E. Carbone Monty Hall’s Three Doors for Dummies . . . . . . . . . . . . . . . . . . . . . . . . . . . . 151 A. Morone and A. Fiore Overconfidence in Predictions as an Effect of Desirability Bias. . . . . . . . . . 163 F. Giardini, G. Coricelli, M. Joffily, and A. Sirigu Part IV Experimental Interactive Decision Making Granny Versus Game Theorist: Ambiguity in Experimental Games . . . . . 183 J. Eichberger, D. Kelsey, and B.C. Schipper Guessing Games and People Behaviours: What Can We Learn? . . . . . . . . 205 A. Morone and P. Morone The Determinants of Individual Behaviour in Network Formation: Some Experimental Evidence . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 219 D. Di Cagno and E. Sciubba