Abstract: According to the target-oriented decision model (see Castagnoli and Li Calzi,1996 and Bordley and Li Calzi, 2000) the individual agent cardinal utility can be simply elicited by assessing the (random) goal the agent wishes to meet. The use of the target-oriented language to design risk preferences may improve the questionnaire usability. JEL Classification: G02, G11 working papers series

An User-Friendly Approach to Assess Preferences Under Risk: The Target-Oriented Model

TIBILETTI, Luisa;UBERTI, Mariacristina
2014

Abstract

Abstract: According to the target-oriented decision model (see Castagnoli and Li Calzi,1996 and Bordley and Li Calzi, 2000) the individual agent cardinal utility can be simply elicited by assessing the (random) goal the agent wishes to meet. The use of the target-oriented language to design risk preferences may improve the questionnaire usability. JEL Classification: G02, G11 working papers series
SSRN Electronic Journal
http://ssrn.com/abstract=2400878
Risk assessment; goal-oriented decision making; utility function assessment
Bordley Robert F; Tibiletti Luisa; Uberti Mariacristina
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/2318/147563
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