IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/130961.html

К Вопросу О Возможном «Предельном» Эксперименте В Поведенческой Экономике
[On the question of a possible "limit" experiment in behavioral economics]

Author

Listed:
  • Harin, Alexander

Abstract

The article discusses an experiment in which subjects must choose between probabilistic and guaranteed outcomes. The so-called "limit" version of this experiment is proposed, which should be carried out for a probability outcome that is as close as possible to 100% probability, namely, so close, the difference between the winning quantities for probabilistic and guaranteed outcomes is much smaller than the minimum currency unit. At the same time, obtaining one of the possible results may force to reconsider generally accepted approaches in behavioral economics. В статье рассмотрен эксперимент, в котором испытуемые должны сделать выбор между вероятностным и гарантированным исходами. Предложен т.н. «предельный» вариант этого эксперимента, который должен проводиться для вероятностного исхода предельно близко к 100% вероятности, а именно, настолько близко, чтобы разница между величинами выигрыша для вероятностного и гарантированного исходов – была много меньше минимальной денежной единицы. При этом, получение одного из возможных результатов способно заставить пересмотреть общепринятые подходы в поведенческой экономике.

Suggested Citation

  • Harin, Alexander, 2026. "К Вопросу О Возможном «Предельном» Эксперименте В Поведенческой Экономике [On the question of a possible "limit" experiment in behavioral economics]," MPRA Paper 130961, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:130961
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/130961/2/MPRA_paper_130961.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Tversky, Amos & Kahneman, Daniel, 1992. "Advances in Prospect Theory: Cumulative Representation of Uncertainty," Journal of Risk and Uncertainty, Springer, vol. 5(4), pages 297-323, October.
    2. Drazen Prelec, 1998. "The Probability Weighting Function," Econometrica, Econometric Society, vol. 66(3), pages 497-528, May.
    3. Daniel Kahneman & Richard H. Thaler, 2006. "Anomalies: Utility Maximization and Experienced Utility," Journal of Economic Perspectives, American Economic Association, vol. 20(1), pages 221-234, Winter.
    4. Richard H. Thaler, 2016. "Behavioral Economics: Past, Present, and Future," American Economic Review, American Economic Association, vol. 106(7), pages 1577-1600, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Harin, Alexander, 2019. "Forbidden zones for the expectations of measurement data and problems of behavioral economics," MPRA Paper 91368, University Library of Munich, Germany.
    2. Harin, Alexander, 2018. "Forbidden zones and biases for the expectation of a random variable. Version 2," MPRA Paper 85607, University Library of Munich, Germany.
    3. Harin, Alexander, 2018. "Forbidden zones for the expectation. New mathematical results for behavioral and social sciences," MPRA Paper 86650, University Library of Munich, Germany.
    4. Basieva, Irina & Khrennikova, Polina & Pothos, Emmanuel M. & Asano, Masanari & Khrennikov, Andrei, 2018. "Quantum-like model of subjective expected utility," Journal of Mathematical Economics, Elsevier, vol. 78(C), pages 150-162.
    5. Alexander Harin, 2024. "About a “Certain-uncertain†Inconsistency within the Generally Accepted Experimental Procedures of Behavioral Economics," International Journal of Economics and Financial Research, Academic Research Publishing Group, vol. 10(2), pages 17-30, 06-2024.
    6. Heutel, Garth, 2019. "Prospect theory and energy efficiency," Journal of Environmental Economics and Management, Elsevier, vol. 96(C), pages 236-254.
    7. Harin, Alexander, 2024. "“Certain-uncertain” inconsistency within the basic experimental procedures of behavioral economics," MPRA Paper 121756, University Library of Munich, Germany.
    8. Harin, Alexander, 2014. "Problems of utility and prospect theories. A discontinuity of Prelec’s function," MPRA Paper 61027, University Library of Munich, Germany.
    9. Harin, Alexander, 2015. "Problems of utility and prospect theories. A “certain–uncertain” inconsistency within their experimental methods," MPRA Paper 67911, University Library of Munich, Germany.
    10. Harin, Alexander, 2015. "Is Prelec’s function discontinuous at p = 1? (for the Einhorn Award of SJDM)," MPRA Paper 64672, University Library of Munich, Germany.
    11. Harin, Alexander, 2018. "Inequalities and zones. New mathematical results for behavioral and social sciences," MPRA Paper 90326, University Library of Munich, Germany.
    12. Harin, Alexander, 2023. "To solve old problems of economics. The experimental background," MPRA Paper 117157, University Library of Munich, Germany.
    13. Alexander Harin, 2022. "Forbidden Zones for the Expectations of Data: New Mathematical Methods and Models for Behavioral Economics," Academic Journal of Applied Mathematical Sciences, Academic Research Publishing Group, vol. 8(1), pages 12-26, 12-2021.
    14. Harin, Alexander, 2018. "Forbidden zones for the expectation of a random variable. New version 1," MPRA Paper 84248, University Library of Munich, Germany.
    15. Harin, Alexander, 2014. "Problems of utility and prospect theories. Certainty effect near certainty," MPRA Paper 61026, University Library of Munich, Germany.
    16. Harin, Alexander, 2021. "Behavioral economics. Forbidden zones. New method and models," MPRA Paper 106545, University Library of Munich, Germany.
    17. Cappelen, Alexander W. & Sørensen, Erik Ø. & Tungodden, Bertil & Xu, Xiaogeng, 2025. "Risk taking on behalf of others: Does the timing of uncertainty revelation matter?," Discussion Paper Series in Economics 13/2025, Norwegian School of Economics, Department of Economics.
    18. Shi, Yun & Cui, Xiangyu & Zhou, Xunyu, 2020. "Beta and Coskewness Pricing: Perspective from Probability Weighting," SocArXiv 5rqhv, Center for Open Science.
    19. Alex Stomper & Marie-Louise Vierø, 2015. "Iterated Expectations Under Rank-dependent Expected Utility And Model Consistency," Working Paper 1228, Economics Department, Queen's University.
    20. Filiz-Ozbay, Emel & Guryan, Jonathan & Hyndman, Kyle & Kearney, Melissa & Ozbay, Erkut Y., 2015. "Do lottery payments induce savings behavior? Evidence from the lab," Journal of Public Economics, Elsevier, vol. 126(C), pages 1-24.

    More about this item

    Keywords

    ;
    ;
    ;

    JEL classification:

    • C9 - Mathematical and Quantitative Methods - - Design of Experiments
    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:130961. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.