The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.
Choice Under Uncertainty: Problems Solved and Unsolved
Open accessAbstract
Fifteen years ago, the theory of choice under uncertainty could be considered one of the “success stories” of economic analysis: it rested on solid axiomatic foundations, it had seen important breakthroughs in the analytics of risk, risk aversion, and their applications to economic issues, and it stood ready to provide the theoretical underpinnings for the newly emerging “information revolution” in economics. Today choice under uncertainty is a field in flux: the standard theory is being challenged on several grounds from both within and outside economics. The nature of these challenges, and of our profession's responses to them, is the topic of this paper.
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Citations
Cites
Prospect Theory: An Analysis of Decision under Risk
Kahneman, D., & Tversky, A. (1979) · Econometrica · doi:10.2307/1914185 · Cited by 48,524
The Market for "Lemons": Quality Uncertainty and the Market Mechanism
Akerlof, G. A. (1970) · The Quarterly Journal of Economics · doi:10.2307/1879431 · Cited by 23,016
“Risk, Ambiguity, and the Savage Axioms.”
Ellsberg, D. (1961) · The Quarterly Journal of Economics · doi:10.2307/1884324 · Cited by 7,891
On the psychology of prediction.
Kahneman, D., & Tversky, A. (1973) · Psychological Review · doi:10.1037/h0034747 · Cited by 6,202
Cited by
Advances in prospect theory: Cumulative representation of uncertainty
Tversky, A., & Kahneman, D. (1992) · Journal of Risk and Uncertainty · doi:10.1007/bf00122574 · Cited by 15,467
Developments in Non-Expected Utility Theory: The Hunt for a Descriptive Theory of Choice under Risk
Starmer, C. (2000) · Journal of Economic Literature · doi:10.1257/jel.38.2.332 · Cited by 1,899
Recent developments in modeling preferences: Uncertainty and ambiguity
Camerer, C., & Weber, M. (1992) · Journal of Risk and Uncertainty · doi:10.1007/bf00122575 · Cited by 1,795
Risk Aversion and Expected-utility Theory: A Calibration Theorem
Rabin, M. (2000) · Econometrica · doi:10.1111/1468-0262.00158 · Cited by 1,624
Dopamine reward prediction-error signalling: A two-component response
Schultz, W. (2016) · Nature Reviews Neuroscience · doi:10.1038/nrn.2015.26 · Cited by 1,036
Metadata
- Authors
- Machina, M. J.
- Venue
- Journal of Economic Perspectives
- Publisher
- American Economic Association
- Published
- 1987-08-01
- Volume
- 1
- Issue
- 1
- Pages
- 121-154
- ISSN
- 0895-3309 (ISSN-L)
- OpenAlex
- W4235007239
- Cited by
- 878
- References
- 4
- FWCI
- 17.18
- Type
- journal article
- Language
- en
- Open access
- bronze
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Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
