lecture 6 Flashcards
1
Q
What is decison making under uncertainty? what about under risk?
A
2
Q
What is the framing effect?
A
3
Q
How can we rapresent framing effect?
A
4
Q
What are the characteristics of the s-shaped utility functions?
A
5
Q
What is mental accounting?
A
6
Q
What is separation and integration? what is the effect of bundles?
A
7
Q
How do value functions rapresent bundle effects?
A
8
Q
What is the Allais effect? How can we rapresent it?
A
9
Q
What is probability weighting? how can it solve the allais effect?
A
