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Reconciling introspective utility with revealed preference: Experimental arguments based on prospect theory
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- Edi Karni & Moshe Leshno & Sivan Rapaport, 2014. "Helping patients and physicians reach individualized medical decisions: theory and application to prenatal diagnostic testing," Theory and Decision, Springer, vol. 76(4), pages 451-467, April.
- Charles N. Noussair & Stefan T. Trautmann & Gijs van de Kuilen, 2014.
"Higher Order Risk Attitudes, Demographics, and Financial Decisions,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 81(1), pages 325-355.
- Noussair, C.N. & Trautmann, S.T. & van de Kuilen, G., 2011. "Higher Order Risk Attitudes, Demographics, and Financial Decisions," Discussion Paper 2011-055, Tilburg University, Center for Economic Research.
- Noussair, C.N. & Trautmann, S.T. & van de Kuilen, G., 2011. "Higher Order Risk Attitudes, Demographics, and Financial Decisions," Other publications TiSEM e49b7f3c-c3f2-4d37-8d24-0, Tilburg University, School of Economics and Management.
- Dorian Jullien, 2016. "Under Uncertainty, Over Time and Regarding Other People: Rationality in 3D," GREDEG Working Papers 2016-20, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
- Martina Nardon & Paolo Pianca, 2019. "Behavioral premium principles," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 42(1), pages 229-257, June.
- Adam Booij & Bernard Praag & Gijs Kuilen, 2010.
"A parametric analysis of prospect theory’s functionals for the general population,"
Theory and Decision, Springer, vol. 68(1), pages 115-148, February.
- Booij, Adam S. & van Praag, Bernard M. S. & van de Kuilen, Gijs, 2009. "A Parametric Analysis of Prospect Theory's Functionals for the General Population," IZA Discussion Papers 4117, Institute of Labor Economics (IZA).
- Adam S. Booij & Bernard M.S. Van Praag & Gijs Van De Kuilen & Bernard M.S. van Praag, 2009. "A Parametric Analysis of Prospect Theory's Functionals for the General Population," CESifo Working Paper Series 2609, CESifo.
- Jinrui Pan & Craig S. Webb & Horst Zank, 2019. "Delayed probabilistic risk attitude: a parametric approach," Theory and Decision, Springer, vol. 87(2), pages 201-232, September.
- Mohammed Abdellaoui & Ahmed Driouchi & Olivier L’Haridon, 2011.
"Risk aversion elicitation: reconciling tractability and bias minimization,"
Theory and Decision, Springer, vol. 71(1), pages 63-80, July.
- Olivier L'Haridon & Mohammed Abdellaoui & A. Driouchi, 2011. "Risk aversion elicitation: reconciling tractability and bias minimization," Post-Print hal-00609543, HAL.
- Matthew Rabin & Georg Weizsacker, 2009.
"Narrow Bracketing and Dominated Choices,"
American Economic Review, American Economic Association, vol. 99(4), pages 1508-1543, September.
- Rabin, Matthew & Weizsäcker, Georg, 2007. "Narrow Bracketing and Dominated Choices," IZA Discussion Papers 3040, Institute of Labor Economics (IZA).
- Georgalos, Konstantinos & Paya, Ivan & Peel, David A., 2021. "On the contribution of the Markowitz model of utility to explain risky choice in experimental research," Journal of Economic Behavior & Organization, Elsevier, vol. 182(C), pages 527-543.
- Pierre Picard, 2016.
"A Note on Health Insurance under Ex Post Moral Hazard,"
Risks, MDPI, vol. 4(4), pages 1-9, October.
- Pierre Picard, 2016. "A note on health insurance under ex post moral hazard," Working Papers hal-01385520, HAL.
- Pierre Picard, 2016. "A note on health insurance under ex post moral hazard," Working Papers hal-01353597, HAL.
- Yao Thibaut Kpegli, 2023. "Smoothing Spline Method for Measuring Prospect Theory Components," Working Papers 2303, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
- Berger, Loïc & Bosetti, Valentina, 2020.
"Characterizing ambiguity attitudes using model uncertainty,"
Journal of Economic Behavior & Organization, Elsevier, vol. 180(C), pages 621-637.
- Loïc Berger & Valentina Bosetti, 2020. "Characterizing ambiguity attitudes using model uncertainty," Post-Print hal-03031502, HAL.
- James Cox & Vjollca Sadiraj & Ulrich Schmidt, 2015.
"Paradoxes and mechanisms for choice under risk,"
Experimental Economics, Springer;Economic Science Association, vol. 18(2), pages 215-250, June.
- Cox, James C. & Sadiraj, Vjollca & Schmidt, Ulrich, 2011. "Paradoxes and mechanisms for choice under risk," Kiel Working Papers 1712, Kiel Institute for the World Economy (IfW Kiel).
- James C. Cox & Vjollca Sadiraj & Ulrich Schmidt, 2011. "Paradoxes and Mechanisms for Choice under Risk," Experimental Economics Center Working Paper Series 2011-07, Experimental Economics Center, Andrew Young School of Policy Studies, Georgia State University, revised Mar 2014.
- Georgios Gerasimou, 2019. "Simple Preference Intensity Comparisons," Discussion Paper Series, School of Economics and Finance 201905, School of Economics and Finance, University of St Andrews, revised 27 Apr 2020.
- Klaus Wälde, 2016.
"Emotion Research in Economics,"
Working Papers
1611, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz.
- Klaus Wälde, 2016. "Emotion Research in Economics," CESifo Working Paper Series 5982, CESifo.
- Charles Bellemare & Alexander Sebald & Sigrid Suetens, 2018.
"Heterogeneous guilt sensitivities and incentive effects,"
Experimental Economics, Springer;Economic Science Association, vol. 21(2), pages 316-336, June.
- Charles Bellemare & Alexander Sebald & Sigrid Suetens, 2017. "Heterogeneous guilt sensitivities and incentive effects," Cahiers de recherche 1708, Centre de recherche sur les risques, les enjeux économiques, et les politiques publiques.
- Pavlo R. Blavatskyy & Ganna Pogrebna, 2010. "Models of stochastic choice and decision theories: why both are important for analyzing decisions," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 25(6), pages 963-986.
- Chateauneuf, A. & Grabisch, M. & Rico, A., 2008.
"Modeling attitudes toward uncertainty through the use of the Sugeno integral,"
Journal of Mathematical Economics, Elsevier, vol. 44(11), pages 1084-1099, December.
- Alain Chateauneuf & Michel Grabisch & Agnès Rico, 2008. "Modeling attitudes toward uncertainty through the use of the Sugeno integral," Post-Print halshs-00327700, HAL.
- Alain Chateauneuf & Michel Grabisch & Agnès Rico, 2008. "Modeling attitudes toward uncertainty through the use of the Sugeno integral," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00327700, HAL.
- David Alan Peel, 2013. "On the Implications of the Markowitz Model of Utility embodying Gain Seeking Preferences for Odds on Betting and Bookmakers choice of Spread or Odds Betting," Economics Bulletin, AccessEcon, vol. 33(2), pages 1420-1428.
- Mohammed Abdellaoui & Olivier L’Haridon & Horst Zank, 2010.
"Separating curvature and elevation: A parametric probability weighting function,"
Journal of Risk and Uncertainty, Springer, vol. 41(1), pages 39-65, August.
- Olivier L'Haridon & Mohammed Abdellaoui & Horst Zank, 2010. "Separating curvature and elevation: A parametric probability weighting function," Post-Print hal-00528381, HAL.
- Mohammed Abdellaoui & Han Bleichrodt & Corina Paraschiv, 2007.
"Loss Aversion Under Prospect Theory: A Parameter-Free Measurement,"
Management Science, INFORMS, vol. 53(10), pages 1659-1674, October.
- H. Bleichrodt & C. Paraschiv & Mohammed Abdellaoui, 2007. "Loss Aversion Under Prospect Theory: A Parameter-Free Measurement," Post-Print hal-00457047, HAL.
- Mohammed Abdellaoui & Olivier L'Haridon & Corina Paraschiv, 2011.
"Experienced vs. Described Uncertainty: Do We Need Two Prospect Theory Specifications?,"
Management Science, INFORMS, vol. 57(10), pages 1879-1895, October.
- Mohammed Abdellaoui & Olivier L'Haridon & Corina Paraschiv, 2011. "Experienced vs. Described Uncertainty: Do We Need Two Prospect Theory Specifications?," Post-Print hal-00638008, HAL.
- Hans-Martin von Gaudecker & Arthur van Soest & Erik Wengstrom, 2011.
"Heterogeneity in Risky Choice Behavior in a Broad Population,"
American Economic Review, American Economic Association, vol. 101(2), pages 664-694, April.
- Gaudecker, Hans-Martin von & van Soest, Arthur & Wengström, Erik, 2009. "Heterogeneity in Risky Choice Behaviour in a Broad Population," IZA Discussion Papers 4022, Institute of Labor Economics (IZA).
- von Gaudecker, H.M. & van Soest, A.H.O. & Wengstrom, E., 2009. "Heterogeneity in Risky Choice Behavior in a Broad Population," Discussion Paper 2009-12, Tilburg University, Center for Economic Research.
- von Gaudecker, H.M. & van Soest, A.H.O. & Wengstrom, E., 2009. "Heterogeneity in Risky Choice Behavior in a Broad Population," Other publications TiSEM 0a7cd309-3b66-441c-bf79-7, Tilburg University, School of Economics and Management.
- Thomas Epper & Helga Fehr-Duda, 2012.
"The missing link: unifying risk taking and time discounting,"
ECON - Working Papers
096, Department of Economics - University of Zurich, revised Oct 2018.
- Epper, Thomas & Fehr-Duda, Helga, 2018. "The Missing Link: Unifying Risk Taking and Time Discounting," Economics Working Paper Series 1812, University of St. Gallen, School of Economics and Political Science.
- Nathalie Etchart-Vincent, 2009.
"Probability weighting and the ‘level’ and ‘spacing’ of outcomes: An experimental study over losses,"
Journal of Risk and Uncertainty, Springer, vol. 39(1), pages 45-63, August.
- Nathalie Etchart-Vincent, 2009. "Probability weighting and the 'level' and 'spacing' of outcomes: An experimental study over losses," Post-Print hal-00395876, HAL.
- Konstantinos Georgalos & Ivan Paya & David Peel, 2023. "Higher order risk attitudes: new model insights and heterogeneity of preferences," Experimental Economics, Springer;Economic Science Association, vol. 26(1), pages 145-192, March.
- Robin Cubitt & Gijs Kuilen & Sujoy Mukerji, 2018.
"The strength of sensitivity to ambiguity,"
Theory and Decision, Springer, vol. 85(3), pages 275-302, October.
- Robin Cubitt & Gijs van de Kuilen & Sujoy Mukerji, "undated". "The Strength of Sensitivity to Ambiguity," Working Papers 851, Queen Mary University of London, School of Economics and Finance.
- Robin Cubitt & Gijs van de Kuilen & Sujoy Mukerji, 2017. "The Strength of Sensitivity to Ambiguity," Working Papers 836, Queen Mary University of London, School of Economics and Finance.
- Blavatskyy, Pavlo R., 2012. "Utility of a quarter-million," Economics Letters, Elsevier, vol. 117(3), pages 650-653.
- Jona Linde & Joep Sonnemans, 2012.
"Social comparison and risky choices,"
Journal of Risk and Uncertainty, Springer, vol. 44(1), pages 45-72, February.
- Jona Linde & Joep Sonnemans, 2009. "Social Comparison and Risky Choices," Tinbergen Institute Discussion Papers 09-097/1, Tinbergen Institute.
- Bleichrodt, Han & Doctor, Jason & Stolk, Elly, 2005. "A nonparametric elicitation of the equity-efficiency trade-off in cost-utility analysis," Journal of Health Economics, Elsevier, vol. 24(4), pages 655-678, July.
- Peel, D.A. & Zhang, Jie, 2012. "On the potential for observational equivalence in experiments on risky choice when a power value function is assumed," Economics Letters, Elsevier, vol. 116(1), pages 8-10.
- Dorian Jullien, 2018. "Under Risk, Over Time, Regarding Other People: Language and Rationality within Three Dimensions," Research in the History of Economic Thought and Methodology, in: Including a Symposium on Latin American Monetary Thought: Two Centuries in Search of Originality, volume 36, pages 119-155, Emerald Group Publishing Limited.
- Enrico G. De Giorgi & Thierry Post, 2011.
"Loss Aversion with a State-Dependent Reference Point,"
Management Science, INFORMS, vol. 57(6), pages 1094-1110, June.
- Enrico G. De Giorgi & Thierry Post, 2010. "Loss aversion with a state-dependent reference point," University of St. Gallen Department of Economics working paper series 2010 2010-23, Department of Economics, University of St. Gallen.
- Loic Berger & Valentina Bosetti, 2016.
"Ellsberg Re-revisited: An Experiment Disentangling Model Uncertainty and Risk Aversion,"
Working Papers
2016.37, Fondazione Eni Enrico Mattei.
- Berger, Loic & Bosetti, Valentina, 2016. "Ellsberg Re-revisited: An Experiment Disentangling Model Uncertainty and Risk Aversion," MITP: Mitigation, Innovation and Transformation Pathways 236239, Fondazione Eni Enrico Mattei (FEEM).
- Jose Mª Abellán Perpiñán & Fernando Ignacio Sánchez Martínez & Jorge Eduardo Martínez Pérez & Ildefonso Méndez Martínez, 2009. "The QALY model wich came in from a general population survey: roughly multiplicative, broadly nonlinear and sometimes contex-dependt," Economic Working Papers at Centro de Estudios Andaluces E2009/04, Centro de Estudios Andaluces.
- Peel, D.A., 2013. "Heterogeneous agents and the implications of the Markowitz model of utility for multi-prize lottery tickets," Economics Letters, Elsevier, vol. 119(3), pages 264-267.
- Mulligan, Karen & Baid, Drishti & Doctor, Jason N. & Phelps, Charles E. & Lakdawalla, Darius N., 2024. "Risk preferences over health: Empirical estimates and implications for medical decision-making," Journal of Health Economics, Elsevier, vol. 94(C).
- Attema, Arthur E. & Brouwer, Werner B.F., 2009. "The correction of TTO-scores for utility curvature using a risk-free utility elicitation method," Journal of Health Economics, Elsevier, vol. 28(1), pages 234-243, January.
- Trabelsi, Mohamed Ali, 2019. "The new models of decision in risk: A review of the critical literature," MPRA Paper 92693, University Library of Munich, Germany, revised 2019.
- Senderski, Marcin, 2014. "Ecumenical foundations? On the coexistence of Austrian and neoclassical views on utility," MPRA Paper 67024, University Library of Munich, Germany.
- Mohammed Abdellaoui & Enrico Diecidue & Ayse Öncüler, 2011.
"Risk Preferences at Different Time Periods: An Experimental Investigation,"
Management Science, INFORMS, vol. 57(5), pages 975-987, May.
- Mohammed Abdellaoui & Enrico Diecidue & Ayse Öncüler, 2011. "Risk Preferences at Different Time Periods: An Experimental Investigation," Post-Print hal-00609217, HAL.
- Booij, Adam S. & van de Kuilen, Gijs, 2009. "A parameter-free analysis of the utility of money for the general population under prospect theory," Journal of Economic Psychology, Elsevier, vol. 30(4), pages 651-666, August.
- Han Bleichrodt & José-Luis Pinto-Prades, 2004. "The Validity of QALYs Under Non-Expected Utility," Working Papers 113, Barcelona School of Economics.
- Mohammed Abdellaoui & Han Bleichrodt & Olivier l'Haridon & Corina Paraschiv, 2013.
"Is There One Unifying Concept of Utility?An Experimental Comparison of Utility Under Risk and Utility Over Time,"
Management Science, INFORMS, vol. 59(9), pages 2153-2169, September.
- Mohammed Abdellaoui & Han Bleichrodt & Olivier L’haridon & Corina Paraschiv, 2013. "Is There One Unifying Concept of Utility?An Experimental Comparison of Utility Under Risk and Utility Over Time," Post-Print halshs-00816056, HAL.
- Durbach, Ian N. & Stewart, Theodor J., 2012. "Modeling uncertainty in multi-criteria decision analysis," European Journal of Operational Research, Elsevier, vol. 223(1), pages 1-14.
- Abellan-Perpiñan, Jose Maria & Bleichrodt, Han & Pinto-Prades, Jose Luis, 2009. "The predictive validity of prospect theory versus expected utility in health utility measurement," Journal of Health Economics, Elsevier, vol. 28(6), pages 1039-1047, December.
- Stefan Zeisberger & Dennis Vrecko & Thomas Langer, 2012. "Measuring the time stability of Prospect Theory preferences," Theory and Decision, Springer, vol. 72(3), pages 359-386, March.
- Peter P. Wakker, 2008. "Lessons Learned by (from?) an Economist Working in Medical Decision Making," Medical Decision Making, , vol. 28(5), pages 690-698, September.
- Han Bleichrodt & Ulrich Schmidt & Horst Zank, 2009.
"Additive Utility in Prospect Theory,"
Management Science, INFORMS, vol. 55(5), pages 863-873, May.
- Han Bleichrodt & Ulrich Schmidt & Horst Zank, 2008. "Additive utility in prospect theory," Economics Discussion Paper Series 0811, Economics, The University of Manchester.
- Hans-Martin von Gaudecker & Arthur van Soest & Erik Wengstrom, 2011.
"Heterogeneity in Risky Choice Behavior in a Broad Population,"
American Economic Review,
American Economic Association, vol. 101(2), pages 664-694, April.
- Gaudecker, Hans-Martin von & van Soest, Arthur & Wengström, Erik, 2009. "Heterogeneity in Risky Choice Behaviour in a Broad Population," IZA Discussion Papers 4022, Institute of Labor Economics (IZA).
- von Gaudecker, H.M. & van Soest, A.H.O. & Wengstrom, E., 2011. "Heterogeneity in risky choice behavior in a broad population," Other publications TiSEM d4881c0f-4798-404d-b796-5, Tilburg University, School of Economics and Management.
- von Gaudecker, H.M. & van Soest, A.H.O. & Wengstrom, E., 2009. "Heterogeneity in Risky Choice Behavior in a Broad Population," Discussion Paper 2009-12, Tilburg University, Center for Economic Research.
- Loic Berger & Valentina Bosetti, 2016.
"Ellsberg Re-revisited: An Experiment Disentangling Model Uncertainty and Risk Aversion,"
Working Papers
2016.37, Fondazione Eni Enrico Mattei.
- Loic Berger & Valentina Bosetti, 2016. "Ellsberg re-revisited: An experiment disentangling model uncertainty and risk aversion," Working Papers 576, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Berger, Loic & Bosetti, Valentina, 2016. "Ellsberg Re-revisited: An Experiment Disentangling Model Uncertainty and Risk Aversion," MITP: Mitigation, Innovation and Transformation Pathways 236239, Fondazione Eni Enrico Mattei (FEEM).
- Felix Kubler & Larry Selden & Xiao Wei, 2014. "When Is a Risky Asset "Urgently Needed"?," American Economic Journal: Microeconomics, American Economic Association, vol. 6(2), pages 131-162, May.
- Kavitha Ranganathan, 2018. "Does Global Shapes Of Utility Functions Matter For Investment Decisions?," Bulletin of Economic Research, Wiley Blackwell, vol. 70(4), pages 341-361, October.
- Arthur E. Attema & Han Bleichrodt & Peter P. Wakker, 2012. "A Direct Method for Measuring Discounting and QALYs More Easily and Reliably," Medical Decision Making, , vol. 32(4), pages 583-593, July.
- Schmidt, Ulrich & Zank, Horst, 2010. "Endogenous Prospect Theory," Open Access Publications from Kiel Institute for the World Economy 37536, Kiel Institute for the World Economy (IfW Kiel).
- Han Bleichrodt & Alessandra Cillo & Enrico Diecidue, 2010. "A Quantitative Measurement of Regret Theory," Management Science, INFORMS, vol. 56(1), pages 161-175, January.
- Tanja Artiga González & Francesco Capozza & Georg D. Granic, 2022. "Can Cognitive Dissonance Theory Explain Action Induced Changes in Political Preferences?," CESifo Working Paper Series 9549, CESifo.
- Nathalie Etchart-Vincent, 2009.
"The shape of the utility function under risk in the loss domain and the "ruinous losses" hypothesis: some experimental results,"
Economics Bulletin, AccessEcon, vol. 29(2), pages 1393-1402.
- Nathalie Etchart-Vincent, 2009. "The shape of the utility function under risk in the loss domain and the 'ruinous losses' hypothesis: some experimental results," Post-Print hal-00395871, HAL.
- Edi Karni, 2009. "A theory of medical decision making under uncertainty," Journal of Risk and Uncertainty, Springer, vol. 39(1), pages 1-16, August.
- Mohammed Abdellaoui & Olivier l’Haridon & Horst Zank, 2009. "Separating Curvature and Elevation: A Parametric Weighting Function," Economics Discussion Paper Series 0901, Economics, The University of Manchester.
- Jaeyoung Jang & Beomsoo Kim, 2022. "The Impact of Potential Risks on the Use of Exploitable Online Communities: The Case of South Korean Cyber-Security Communities," Sustainability, MDPI, vol. 14(8), pages 1-16, April.
- Tomasz Potocki, 2012. "Cumulative Prospect Theory as a model of economic rationality," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 31.
- David Alan Peel & David Law, 2016. "Loss Aversion and Ruinous Optimal Wagering in the Markowitz Model of Non-Expected Utility," Economics Bulletin, AccessEcon, vol. 36(2), pages 688-695.
- Mohammed Abdellaoui & Han Bleichrodt & Olivier L’Haridon, 2008. "A tractable method to measure utility and loss aversion under prospect theory," Journal of Risk and Uncertainty, Springer, vol. 36(3), pages 245-266, June.
- Mohammed Abdellaoui & Han Bleichrodt & Hilda Kammoun, 2013.
"Do financial professionals behave according to prospect theory? An experimental study,"
Theory and Decision, Springer, vol. 74(3), pages 411-429, March.
- Mohammed Abdellaoui & Han Bleichrodt & Hilda Kammoun, 2013. "Do financial professionals behave according to prospect theory? An experimental study," Post-Print hal-01069185, HAL.
- Charles A. Holt & Susan K. Laury, 2002. "Risk Aversion and Incentive Effects," American Economic Review, American Economic Association, vol. 92(5), pages 1644-1655, December.
- Jason N. Doctor & Han Bleichrodt & H. Jill Lin, 2010. "Health Utility Bias: A Systematic Review and Meta-Analytic Evaluation," Medical Decision Making, , vol. 30(1), pages 58-67, January.
- Trautmann, Stefan T. & Kuilen, Gijs van de, 2018. "Higher order risk attitudes: A review of experimental evidence," European Economic Review, Elsevier, vol. 103(C), pages 108-124.
- Kvamme, Maria Knoph & Gyrd-Hansen, Dorte & Olsen, Jan Abel & Kristiansen, Ivar Sønbø, 2010. "Increasing marginal utility of small increases in life-expectancy?: Results from a population survey," Journal of Health Economics, Elsevier, vol. 29(4), pages 541-548, July.
- Argyris, Nikolaos & French, Simon, 2017. "Nuclear emergency decision support: A behavioural OR perspective," European Journal of Operational Research, Elsevier, vol. 262(1), pages 180-193.
- Peter J. Barry & Bruce J. Sherrick & Jianmei Zhao, 2009. "Integration of VaR and expected utility under departures from normality," Agricultural Economics, International Association of Agricultural Economists, vol. 40(6), pages 691-699, November.
- Yoshio Kamijo & Koji Yokote, 2022. "Behavioral bargaining theory: Equality bias, risk attitude, and reference-dependent utility," Working Papers 2208, Waseda University, Faculty of Political Science and Economics.
- Masako Ikefuji & Roger Laeven & Jan Magnus & Chris Muris, 2013. "Pareto utility," Theory and Decision, Springer, vol. 75(1), pages 43-57, July.
- Mitra, Atul & Jenkins, G. Douglas & Gupta, Nina & Shaw, Jason D., 2015. "The utility of pay raises/cuts: A simulation experimental study," Journal of Economic Psychology, Elsevier, vol. 49(C), pages 150-166.