Comment on A Model of Probabilistic Choice Satisfying First-Order Stochastic Dominance by Pavlo Blavatskyy

• 成果类型: Editorial Material
• 署名作者: Loomes, Graham; Rodriguez-Puerta, Inmaculada; Pinto-Prades, Jose-Luis
• 署名单位: University of Warwick; Universidad Pablo de Olavide; Glasgow Caledonian University
• 刊物名称: MANAGEMENT SCIENCE
• ISSN/ISSBN: 0025-1909
• DOI: 10.1287/mnsc.2013.1810
• 发表日期: 2014
• 页码: 1346-1350
• 关键词: decision analysis; RISK; ECONOMICS; microeconomic behavior; utility; probabilistic choice functions

摘要

We present examples of existing evidence that lead us to be cautious about claims made in the original paper [Blavatskyy PR (2011) A model of probabilistic choice satisfying first-order stochastic dominance. Management Sci. 57(3):542-548] that the proposed model provides a better fit to experimental data than do existing models. We raise concerns about the accuracy of this and other assertions and about the adequacy of the comparisons made with alternative models in the existing literature.