Papers & Books by Peter P. Wakker;
Appeared/in Press
1. Papers in Press

2. Published Academic Papers & Books
All articles below are the sole copyright of the respective publishers. Materials are provided for educational use only.
2019
Li, Chen, Uyanga Turmunkh, & Peter P. Wakker (2019)
“Trust as a Decision under Ambiguity,” Experimental Economics 22, 5175.
Abstracts & Online appendix
Wakker, Peter P. & Jingni Yang (2019)
“A powerful Tool for Analyzing Concave/Convex Utility and Weighting Functions,” Journal of Eonomic Theory 181, 143159.
Abstracts
2018
[18.1]
Aurélien Baillon, Zhenxing Huang, Asli Selim, & Peter P. Wakker (2018)
“Measuring Ambiguity Attitudes for All (Natural) Events,” Econometrica 86, 18391858.
Abstracts & Online appendix ("Supplementary Material") & data set
[18.2]
Li, Zhihua, Julia Müller, Peter P. Wakker, & Tong V. Wang (2018)
“The Rich Domain of Ambiguity Explored,” Management Science 64, 32273240.
Abstracts & Online appendix & data set
[18.3]
Trautmann, Stefan & Peter P. Wakker (2018)
“Making the
AnscombeAumann Approach to Ambiguity Suitable for Descriptive Applications,” Journal of Risk and Uncertainty 56,
83116.
Abstracts & Online appendix & data set
2017
[17.1]
Bleichrodt, Han, Martin Filko, Amit Kothiyal, & Peter P. Wakker (2017)
“Making CaseBased Decision Theory Directly Observable,” American Economic Journal: Microeconomics 9, 123151.
Abstracts & data set
[17.2]
Li, Zhihua, Kirsten Rohde, & Peter P. Wakker (2017)
“Improving One's Choices by Putting Oneself in Others'
ShoesAn Experimental Analysis,”
Journal of Risk and Uncertainty 54, 113.
Abstracts & data set
2016
[16.1]
Attema, Arthur E., Han Bleichrodt, Yu Gao, Zhenxing Huang, & Peter P. Wakker (2016)
“Measuring Discounting without Measuring Utility,” American Economic Review 106, 14761494.
Abstracts & Online Appendix & data set.
This paper was on the shortlist for the Exeter 2017 prize.
[16.2]
Baillon, Aurélien, Han Bleichrodt, Ning Liu, & Peter P. Wakker (2016)
“Group Decision Rules and Group Rationality under Risk,”
Journal of Risk and Uncertainty 52, 99116.
Abstracts & Online Appendix & data set
[16.3]
Bleichrodt, Han, Chen Li, Ivan Moscati, & Peter P. Wakker (2016)
“Nash Was a First to Axiomatize Expected Utility,” Theory and Decision 81,
309312.
Abstracts
[16.4]
Chai, Junyi, Chen Li, Peter P. Wakker, Tong V. Wang, & Jingni Yang (2016)
“Reconciling Savage’s and Luce’s Modeling of Uncertainty: The Best of Both Worlds,”
Journal of Mathematical Psychology 75,
1018.
Abstracts
[16.5]
Dimmock, Stephen G., Roy Kouwenberg, & Peter P. Wakker (2016)
“Ambiguity Attitudes in a Large Representative Sample,”
Management Science 62, 13631380.
Abstracts & web appendix & data set
2015
[15.1]
Bleichrodt, Han, Umut Keskin, Kirsten I.M. Rohde, Vitalie Spinu, & Peter P. Wakker (2015)
“Discounted Utility and Present Value—A Close Relation,”
Operations Research 63, 14201430.
Abstracts
[15.2]
Bleichrodt, Han & Peter P. Wakker (2015)
“Regret Theory: A Bold Alternative to the Alternatives,”
Economic Journal 125, 493532.
Abstracts
[15.3]
Sales, Célia M. D., Peter P. Wakker, Paula C. G. Alves, & Luís Faísca (2015)
“MF Calculator: A
Webbased Application for Analyzing Similarity,”
Journal of Statistical Software 65, May 2015, code snippet 2.
Abstracts
2014
[14.1]
de Palma, André, Mohammed Abdellaoui, Giuseppe Attanasi, Moshe BenAkiva, Ido Erev, Helga FehrDuda, Dennis Fok, Craig R. Fox, Ralph Hertwig, Nathalie Picard, Peter P. Wakker, Joan L. Walker, & Martin Weber (2014)
“Beware of Black Swans,”
Marketing Letters 25,
269280.
Abstracts
[14.2]
Kothiyal, Amit, Vitalie Spinu, & Peter P. Wakker (2014)
“Average Utility Maximization: A Preference Foundation,”
Operations Research 62,
207218.
Abstracts
[14.3]
Kothiyal, Amit, Vitalie Spinu, & Peter P. Wakker (2014)
“An Experimental Test of Prospect Theory for Predicting Choice under Ambiguity,”
Journal of Risk and Uncertainty 48, 117.
Abstracts, web appendix, & data set
[14.4]
Li, Chen, Zhihua Li, & Peter P. Wakker (2014)
“If Nudge Cannot Be Applied: A Litmus Test of the
Readers’ Stance on Paternalism,”
Theory and Decision 76, 297315.
Abstracts
2013
[13.1]
Bleichrodt, Han, Amit Kothiyal, Drazen Prelec, & Peter P. Wakker (2013)
“Compound Invariance Implies Prospect Theory for Simple Prospects,”
Journal of Mathematical Psychology 57, 6877.
Abstracts
[13.2]
Bleichrodt, Han, Rogier J.D. Potter van Loon, Kirsten I.M. Rohde, & Peter P. Wakker (2013)
“A Criticism of Doyle's Survey of Time Preference: A Correction Regarding the CRDI and CADI Families,”
Judgment and Decision Making 8, 630631.
Abstracts & web appendix.
[13.3]
Spinu, Vitalie & Peter P. Wakker (2013)
“Expected Utility without Continuity: A
Comment on Delbaen, Drapeau, and
Kupper (2011),”
Journal of Mathematical Economics 49, 2830.
Abstracts
2012
[12.1]
Attema, Arthur E., Han Bleichrodt, & Peter P. Wakker (2012)
“A Direct Method for Measuring Discounting and QALYs more Easily and Reliably,”
Medical Decision Making 32, 583593.
Abstracts & data set
[12.2]
Baillon, Aurélien, Laure Cabantous, & Peter P. Wakker (2012)
“Aggregating Imprecise or Conflicting Beliefs: An Experimental Investigation Using Modern Ambiguity Theories,”
Journal of Risk and Uncertainty 44, 115147.
Abstracts, web appendix, & data set
[12.3]
Baillon, Aurélien, Bram Driesen, & Peter P. Wakker (2012)
“Relative Concave Utility for Risk and Ambiguity,”
Games and Economic Behavior 75, 481489.
Abstracts
[12.4]
Baltussen, Guido, Thierry Post, Martijn J. van den Assem, &
Peter P. Wakker (2012)
“Random Incentive Systems in a Dynamic Choice Experiment,”
Experimental Economics 15, 418–443.
Abstracts & data set
2011
[11.1]
Abdellaoui, Mohammed, Aurélien Baillon, Laetitia Placido, & Peter P. Wakker (2011)
“The Rich Domain of Uncertainty: Source Functions and Their Experimental Implementation,”
American Economic Review 101, 695723.
Abstracts, web appendix, & data set
[11.2]
Bleichrodt, Han, Jason N. Doctor, Martin Filko, & Peter P. Wakker (2011)
“Utility Independence of Multiattribute Utility Theory is Equivalent to Standard Sequence Invariance of Conjoint Measurement,”
Journal of Mathematical Psychology 55, 451456.
Abstracts
[11.3]
Kothiyal, Amit, Vitalie Spinu, & Peter P. Wakker (2011)
“Comonotonic Proper Scoring Rules to Measure Ambiguity and Subjective Beliefs,”
Journal of MultiCriteria Decision Analysis 17, 101113.
Abstracts
[11.4]
Kothiyal, Amit, Vitalie Spinu, & Peter P. Wakker (2011)
“Prospect Theory for Continuous Distributions: A Preference Foundation,”
Journal of Risk and Uncertainty 42, 195210.
Abstracts
[11.5]
Trautmann, Stefan T., Ferdinand M. Vieider, & Peter P. Wakker (2011)
“Preference Reversals for Ambiguity Aversion,”
Management Science 57, 13201333.
Abstracts & data set
[11.6]
van de Kuilen, Gijs, & Peter P. Wakker (2011)
“The Midweight Method to Measure Attitudes toward Risk and Ambiguity,”
Management Science 57, 582598.
Abstracts, web appendix, & data set
[11.7]
Wakker, Peter P. (2011)
“Jaffray's Ideas on Ambiguity,”
Theory and Decision 71, 1122.
Abstracts
2010
[10.1]
Attema, Arthur E., Han Bleichrodt, Kirsten I.M. Rohde,
Peter P. Wakker (2010)
“TimeTradeoff Sequences for Analyzing Discounting and Time Inconsistency,”
Management Science 56, 20152030.
Abstracts & data set & typo.
[10.2]
Trautmann, Stefan T. & Peter P. Wakker (2010)
“Process Fairness and Dynamic Consistency,”
Economics Letters 109, 187189.
Abstracts
[10.3] Wakker, Peter P. (2010)
“Prospect Theory for Risk and Ambiguity.”
Cambridge University Press, Cambridge, UK.
Abstracts & comments.
How to buy.
2009
[09.1]
Bleichrodt, Han, Kirsten I.M. Rohde, & Peter P. Wakker (2009)
“NonHyperbolic Time Inconsistency,”
Games and Economic Behavior 66, 2738.
Abstracts & comment.
[09.2]
Offerman, Theo, Joep Sonnemans, Gijs van de Kuilen, & Peter P. Wakker (2009)
“A Truth Serum for NonBayesians: Correcting Proper Scoring Rules for Risk Attitudes,”
Review of Economic Studies 76, 14611489.
Abstracts, background material (data etc.), & comments.
[09.3]
Sales, Célia M.D. & Peter P. Wakker (2009)
“The MetricFrequency Measure of Similarity for IllStructured Data Sets,
with an Application to Family Therapy,”
British Journal of Mathematical and Statistical Psychology 62, 663682.
Data, and software for calculating the similarity index.
Abstracts
2008
[08.1]
Bleichrodt, Han, Kirsten I.M. Rohde, & Peter P. Wakker (2008)
“Combining Additive Representations on Subsets into an Overall Representation,”
Journal of Mathematical Psychology 52, 304310.
Abstracts & comments
[08.2]
Bleichrodt, Han, Kirsten I.M. Rohde, & Peter P. Wakker (2008)
“Koopmans' Constant
Discounting for Intertemporal Choice: A Simplification and a Generalization,”
Journal of Mathematical Psychology 52, 341347.
Abstracts
[08.3]
de Palma, André, Moshe BenAkiva, David Brownstone, Charles Holt, Thierry Magnac, Daniel McFadden, Peter Moffatt, Nathalie Picard, Kenneth Train, Peter P. Wakker, & Joan Walker (2008)
“Risk, Uncertainty and Discrete Choice Models,”
Marketing Letters 19, 269285.
Abstracts
[08.4]
Trautmann, Stefan T., Ferdinand M. Vieider, & Peter P. Wakker (2008)
“Causes of Ambiguity Aversion: Known versus Unknown Preferences,”
Journal of Risk and Uncertainty 36, 225243.
Abstracts & data set
[08.5]
Wakker, Peter P. (2008)
“Lessons Learned by (from?) an Economist Working in Medical Decision Making,”
Medical Decision Making 28, 690698.
Abstracts
[08.6]
Wakker, Peter P. (2008)
“Explaining the Characteristics of the Power (CRRA) Utility Family,”
Health Economics 17, 13291344.
Abstracts & comments
[08.7]
Wakker, Peter P. (2008)
“Uncertainty,”
In Lawrence Blume & Steven N. Durlauf (Eds.)
The New Palgrave: A Dictionary of Economics 8, 428439,
The MacMillan Press, London.
Abstracts & comments
2007
[07.1]
Abdellaoui, Mohammed, Carolina Barrios,
& Peter P. Wakker (2007)
“Reconciling Introspective Utility with Revealed Preference:
Experimental Arguments Based on Prospect Theory,”
Journal of Econometrics 138, 356378.
Abstracts, comments, & data set
[07.2]
Diecidue, Enrico, Peter P. Wakker, & Marcel Zeelenberg (2007)
“Eliciting Decision Weights by Adapting
de Finetti's BettingOdds Method to Prospect Theory,”
Journal of Risk and Uncertainty 34, 179199.
Abstracts & data.
[07.3]
Köbberling, Veronika, Christiane Schwieren, & Peter P. Wakker (2007)
“ProspectTheory's Diminishing Sensitivity versus Economics' Intrinsic
Utility of Money: How the Introduction of the Euro Can Be Used to Disentangle the Two
Empirically,”
Theory and Decision 63, 205231.
Abstracts & data set
[07.4]
Wakker, Peter P., Danielle R.M. Timmermans, & Irma A. Machielse (2007)
“The Effects of Statistical Information on Risk and
Ambiguity Attitudes, and on Rational Insurance Decisions,”
Management Science 53, 17701784.
Abstracts & data set
2006
[06.1]
van de Kuilen, Gijs & Peter P. Wakker (2006)
“Learning in the Allais Paradox,”
Journal of Risk and Uncertainty 33, 155164.
Abstracts & data set
2005
[05.1]
Abdellaoui, Mohammed & Peter P. Wakker (2005)
“The Likelihood Method for Decision under Uncertainty,”
Theory and Decision 58, 376.
Abstracts & comments
[05.2]
Köbberling, Veronika & Peter P. Wakker (2005)
“An Index of Loss Aversion,”
Journal of Economic Theory 122, 119131.
Abstracts
[05.3]
Wakker, Peter P. (2005)
“DecisionFoundations for Properties of Nonadditive Measures; General State Spaces or General Outcome Spaces,”
Games and Economic Behavior 50, 107125.
Abstracts & comments
2004
[04.1]
Diecidue, Enrico, Ulrich Schmidt, & Peter P. Wakker (2004)
“The Utility of Gambling Reconsidered,”
Journal of Risk and Uncertainty 29, 241259.
Abstracts & comments
[04.2]
Köbberling, Veronika & Peter P. Wakker (2004)
“A Simple Tool for Qualitatively Testing, Quantitatively Measuring, and Normatively Justifying Savage's Subjective Expected Utility,”
Journal of Risk and Uncertainty 28, 135145.
Abstracts
[04.3]
van Osch, Sylvie M.C., Peter P. Wakker, Wilbert B. van den Hout, & Anne M. Stiggelbout (2004)
“Correcting Biases in Standard Gamble and Time Tradeoff Utilities,”
Medical Decision Making 24, 511517.
Abstracts
[04.4]
Wakker, Peter P. (2004)
“On the Composition of Risk Preference and
Belief,”
Psychological Review 111, 236241.
Abstracts;
Role of Amos Tversky.
[04.5]
Wakker, Peter P. (2004)
“Preference Axiomatizations for Decision under
Uncertainty.”
In Itzhak Gilboa (Ed.) Uncertainty in Economic Theory:
Essays in Honor of David Schmeidler's 65th Birthday,
2035,
Routledge, London.
Abstracts
[04.6]
Wakker, Peter P., Sylvia J.T. Jansen, & Anne M. Stiggelbout (2004)
“Anchor Levels as a New Tool for the Theory and Measurement of Multiattribute Utility,”
Decision Analysis 1, 217234.
Abstracts
2003
[03.1]
Wakker, Peter P. (2003)
“The Data of Levy and Levy (2002) “Prospect Theory: Much Ado about Nothing?” Actually Support Prospect Theory,”
Management Science 49, 979981.
Abstracts & comments
[03.2]
Köbberling, Veronika & Peter P. Wakker (2003)
“Preference Foundations for Nonexpected Utility: A Generalized and Simplified Technique,”
Mathematics of Operations Research 28,
395423.
Abstracts (and a background paper)
2002
[02.1]
Diecidue, Enrico & Peter P. Wakker (2002)
“Dutch Books: Avoiding Strategic and
Dynamic Complications, and a Comonotonic Extension,”
Mathematical Social Sciences 43,
135149.
Abstracts
[02.2]
Gilboa, Itzhak, David Schmeidler, & Peter P. Wakker (2002)
“Utility in CaseBased Decision Theory,”
Journal of Economic Theory 105, 483502.
Abstracts & comments
[02.3]
Wakker, Peter P. & Horst Zank (2002)
“A Simple
PreferenceFoundation of
Cumulative Prospect Theory with Power Utility,”
European Economic Review 46,
12531271.
Abstracts
[02.4]
Wakker, Peter P. (2002)
“DecisionPrinciples to Justify
Carnap's Updating Method and to
Suggest Corrections of Probability Judgments.”
In
Adnam Darwiche & Nir Friedman (Eds.)
Uncertainty in Artificial Intelligence, Proceedings of the
Eighteenth Conference, 544551,
Morgan Kaufmann, San Francisco, CA.
Abstracts
2001
[01.1]
Bleichrodt, Han, Jose Luis Pinto, & Peter P. Wakker (2001)
“Making Descriptive Use of Prospect Theory to Improve the Prescriptive Use of Expected Utility,”
Management Science 47, 14981514.
Abstracts & comments, data set, & additional analyses that were alluded to, but not given, in the paper)
[01.2]
Wakker, Peter P. (2001)
“Testing and Characterizing
Properties of Nonadditive Measures through Violations
of the
SureThing Principle,”
Econometrica 69,
10391059.
Abstracts
[01.3]
Diecidue, Enrico & Peter P. Wakker (2001)
“On the Intuition of RankDependent Utility,”
Journal of Risk and Uncertainty 23,
281298.
Abstracts
[01.4]
De Waegenaere, Anja & Peter P. Wakker (2001)
“Nonmonotonic Choquet Integrals,”
Journal of Mathematical Economics 36,
4560.
Abstracts
[01.5]
Post, Piet N., Anne M. Stiggelbout, & Peter P. Wakker (2001)
“The Utility of Health States Following Stroke; a Systematic Review of the
Literature,”
Stroke 32, 14251429.
Abstracts
2000
[00.1]
Jansen, Sylvia J.T., Anne M. Stiggelbout, Peter P. Wakker,
Marianne A. Nooij, E.M. Noordijk, & Job Kievit (2000)
“Unstable Preferences: A Shift in Valuation or an Effect
of the Elicitation Procedure?,”
Medical Decision Making 20,
6271.
Abstracts
Awards:
Poster1999 award of ISOQOL, Dutch
MTA publication award of 2001, and
INFORMS DecisionAnalysis Society Publication Award of 2002.
[00.2]
Wakker, Peter P. (2000)
“Dempster Belief Functions Are Based on the
Principle of Complete Ignorance,”
International Journal of Uncertainty, Fuzziness
and KnowledgeBased Systems 8,
271284.
Abstracts
[00.3]
Sarin, Rakesh H. & Peter P.
Wakker (2000)
“Cumulative Dominance and Probabilistic Sophistication,”
Mathematical Social Sciences 40, 191196.
Abstracts
[00.4]
Wakker, Peter P. (2000)
“Uncertainty Aversion: A Discussion of Critical Issues in
Health Economics,”
Health Economics 9,
261263.
[00.5]
Wakker, Peter P. (2000)
“Luce's Paradigm for Decision under Uncertainty,”
Book Review of:
R. Duncan Luce (2000) “Utility of Gains and Losses:
MeasurementTheoretical and Experimental Approaches,”
Lawrence Erlbaum Publishers, London;
Journal of Mathematical Psychology 44,
488493.
[00.6]
Wakker, Peter P. (2000)
Book Review of:
Barberà, Salvador, Peter J. Hammond, &
Christian Seidl (1998) “Handbook of Utility Theory,
Vol. 1, Principles,”
Kluwer Academic Publishers, Dordrecht;
Journal of Economic Literature 38,
638639.
1999
[99.1]
Wakker, Peter P. & Horst Zank (1999)
“State Dependent Expected Utility for Savage's State Space,”
Mathematics of Operations Research 24,
834.
Abstracts
[99.2]
Wakker, Peter P. & Horst Zank (1999)
“A Unified Derivation of Classical Subjective Expected Utility Models through
Cardinal Utility,”
Journal of Mathematical Economics 32,
119.
Abstracts
[99.3]
Chateauneuf, Alain & Peter P. Wakker (1999)
“An Axiomatization of Cumulative Prospect Theory for Decision under Risk,”
Journal of Risk and Uncertainty 18,
137145.
Abstracts
1998
[98.1]
Jansen, Sylvia J.T., Anne M. Stiggelbout, Peter P. Wakker, Thea P.M.
Vliet Vlieland,
JanWillem H. Leer, Marianne A. Nooy, & Job Kievit (1998)
“Patient
Utilities for Cancer Treatments: A Study of the Chained Procedure for the
Standard Gamble and Time
TradeOff,” Medical Decision Making 18,
391399.
Abstracts
[98.2]
Sarin, Rakesh K. & Peter P. Wakker (1998)
“Revealed Likelihood and Knightian Uncertainty,”
Journal of Risk and Uncertainty 16,
223250.
Abstracts
[98.3]
Sarin, Rakesh K. & Peter P. Wakker (1998) “Dynamic Choice and Nonexpected Utility,”
Journal of Risk and Uncertainty 17,
87119.
Abstracts
[98.4]
Miyamoto, John M., Peter P. Wakker, Han Bleichrodt, & Hans J.M. Peters
(1998)
“The
ZeroCondition: A Simplifying Assumption in QALY Measurement and Multiattribute
Utility,”
Management Science 44,
839849.
Abstracts
[98.5]
Wakker, Peter P. (1998)
“NonEU and Insurance,”
Book Review of:
Christian Gollier & Mark J. Machina (Eds., 1995)
“NonExpected Utility and Risk Management,”
Kluwer Academic Publishers;
Journal of Behavioral Decision Making 11,
151160.
Abstracts
1997
[97.1]
Kahneman, Daniel, Peter P. Wakker, & Rakesh
K. Sarin (1997)
“Back to Bentham? Explorations of
Experienced Utility,”
Quarterly Journal of Economics 112,
375405.
Abstracts
[97.2]
Sarin, Rakesh K. & Peter P. Wakker (1997)
“A
SingleStage Approach to Anscombe and Aumann's Expected
Utility,”
Review of Economic Studies 64,
399409.
Abstracts & comments
[97.3]
Fennema, Hein & Peter P. Wakker (1997)
“Original and
Cumulative Prospect Theory: A Discussion of Empirical
Differences,”
Journal of Behavioral Decision Making 10,
5364.
Abstracts
[97.4]
Bleichrodt, Han, Peter P. Wakker, & Magnus
Johannesson (1997)
“Characterizing QALYs by Risk Neutrality,”
Journal of Risk and Uncertainty 15,
107114.
Abstracts
[97.5]
Stalmeier, Peep F.M., Peter P. Wakker, &
Thom G.G. Bezembinder (1997)
“Preference Reversals:
Violations of Unidimensional Procedure Invariance,”
Journal of Experimental Psychology, Human Perception
and Performance 23,
11961205.
Abstracts & data set
[97.6]
Wakker, Peter P., Richard H. Thaler, & Amos Tversky (1997)
“Probabilistic Insurance,”
Journal of Risk and Uncertainty
15,
728.
Abstracts
1996
[96.1]
Wakker, Peter P. & Daniel Deneffe (1996)
“Eliciting von
NeumannMorgenstern Utilities when Probabilities Are Distorted or Unknown,”
Management Science 42,
11311150.
Abstracts, typos, & data set
[96.2]
Chew, Soo Hong & Peter P. Wakker (1996)
“The Comonotonic
SureThing Principle,”
Journal of Risk and
Uncertainty 12,
527.
Abstracts
[96.3]
Miyamoto, John & Peter P. Wakker (1996)
“Multiattribute Utility Theory
without Expected Utility Foundations,”
Operations Research 44,
313326.
Abstracts & comments
[96.4]
Peters, Hans J.M. & Peter P. Wakker (1996)
“CyclePreserving Extension of Demand Functions to New Commodities,”
Journal of Mathematical Economics 25,
281290.
Abstracts
[96.5]
Fennema, Hein & Peter P. Wakker (1996)
“A Test of
RankDependent Utility in the Context of
Ambiguity,”
Journal of Risk and Uncertainty 13,
1935.
Abstracts
& data set
[96.6]
Wakker, Peter P. (1996)
“A Criticism of
HealthyYears Equivalents,”
Medical Decision Making 16,
207214.
Abstracts
Rejoinder
[96.7]
Deneffe, Daniel & Peter P. Wakker (1996)
“Mergers, Strategic Investments and Antitrust Policy,”
Managerial and Decision Economics 17,
231240.
Abstracts
[96.8]
Wakker, Peter P. (1996)
“The
SureThing Principle and the Comonotonic
SureThing Principle: An Axiomatic
Analysis,”
Journal of Mathematical Economics 25,
213227.
Abstracts
[96.9]
Wakker, Peter P. (1996)
“Time Preference,”
Book Review of:
George F. Loewenstein & John Elster (1992) “Choice over Time,”
Russell Sage Foundation, New York;
Journal of Behavioral Decision Making 9,
297303.
[96.10]
Wakker, Peter P. (1996)
Book Review of:
Patrick Rivett (1994) “The Craft of Decision Modelling,”
Wiley, New York;
Journal of Behavioral Decision Making 9,
150151.
1995
[95.1]
Fishburn, Peter C. & Peter P. Wakker (1995)
“The
Invention of the Independence Condition for Preferences,”
Management Science 41,
11301144.
Abstracts & comments
[95.2]
Maas, Arne, Thom G.G. Bezembinder & Peter P. Wakker
(1995)
“On Solving Intransitivities in Repeated Pairwise Choices,”
Mathematical Social Sciences 29,
83101.
Abstracts
[95.3]
Wakker, Peter P. & Anne M. Stiggelbout (1995)
“Explaining Distortions in Utility Elicitation through the
RankDependent Model for Risky Choices,”
Medical Decision Making 15,
180186.
Abstracts
[95.4]
Wakker, Peter P. & Marc P. Klaassen (1995)
“Confidence Intervals for Cost/Effectiveness Ratios,”
Health
Economics 4,
373381.
Abstracts
[95.5]
Tversky, Amos & Peter P. Wakker (1995)
“Risk
Attitudes and Decision Weights,”
Econometrica 63,
12551280.
Abstracts & comment
[95.6]
Timmermans, Danielle R.M., Peter Politser, & Peter P.
Wakker (1995)
“Aggregation, Rationality, and Risk
Communication: Three Current Debates in Medical Decision
Making.”
In
JeanPaul Caverni, Maya
BarHillel, Francis Hutton Barron, & Helmut
Jungermann (Eds.) Contributions to Decision Making
I, 111117,
Elseviers Science, Amsterdam.
1994
[94.1]
Wakker, Peter P. (1994)
“Separating Marginal Utility and Probabilistic Risk Aversion,”
Theory and Decision 36,
144.
Abstracts
[94.2]
Wakker, Peter P., Ido Erev, & Elke U. Weber (1994)
“Comonotonic Independence: The Critical Test between Classical and
RankDependent Utility Theories,”
Journal of Risk and Uncertainty 9,
195230.
Abstracts & data set
[94.3]
Sarin, Rakesh K. & Peter P. Wakker (1994)
“Folding Back in Decision Tree Analysis,”
Management Science 40,
625628.
Abstracts
[94.4]
Sarin, Rakesh K. & Peter P. Wakker (1994)
“A General
Result for Quantifying Beliefs,”
Econometrica 62,
683685.
Abstracts & extended version
[94.5]
Peters, Hans J.M. & Peter P. Wakker (1994)
“WARP Does not Imply SARP for More Than Two Commodities,”
Journal of Economic Theory 62,
152160.
Abstracts
[94.6]
Maas, Arne & Peter P. Wakker (1994)
“Additive Conjoint Measurement for Multiattribute Utility,”
Journal of Mathematical Psychology 38,
86101.
Abstracts
[94.7]
Quiggin, John & Peter P. Wakker (1994)
“The Axiomatic Basis of Anticipated Utility; A Clarification,”
Journal of Economic Theory 64,
486499.
Abstracts
[94.8]
Sarin, Rakesh K. & Peter P. Wakker (1994)
“Gains and Losses in
Nonadditive Expected Utility,”
In Mark J. Machina &
Bertrand R. Munier (Eds.)
Models and Experiments on Risk and Rationality,
157172,
Kluwer Academic Publishers, Dordrecht.
Abstracts
[94.9]
Fennema, Hein & Peter P. Wakker (1994)
“An Explanation and Characterization for the Buying of Lotteries.”
In Sixto Rios (Ed.)
Decision Theory and Decision Analysis: Trends and Challenges,
163175,
Kluwer Academic Publishers, Dordrecht.
Abstracts
[94.10]
Wakker, Peter P. (1994)
“Expected versus Nonexpected Utility: The State of the Art,”
Book Review of: Ward Edwards (ed., 1992) “Utility measurements and Applications,” Kluwer Academic Publishers, Dordrecht;
Journal of Mathematical Psychology 38,
521524.
[94.11]
Wakker, Peter P. (1994)
“Quiggin's
RankDependent Model,”.
Book Review of:
John Quiggin (1993)
“Generalized Expected Utility Theory: The
RankDependent Model,”
Kluwer Academic Press, Dordrecht;
Journal of Mathematical Psychology 38,
525526.
1993
[93.1]
Wakker, Peter P. (1993)
“Additive
Representations on
RankOrdered Sets II. The Topological
Approach,”
Journal of Mathematical Economics 22,
126.
Abstracts
[93.2]
Wakker, Peter P. (1993)
“Counterexamples
to Segal's Measure Representation Theorem,”
Journal of Risk and Uncertainty 6,
9198.
Abstracts
[93.3]
Chew, Soo Hong, Larry G. Epstein, & Peter P. Wakker
(1993)
“A Unifying Approach to Axiomatic
NonExpected Utility Theories: Correction and Comment,”
Journal of Economic Theory 59,
183188.
Abstracts
[93.4]
Wakker, Peter P. (1993)
“Clarification of some
Mathematical Misunderstandings about Savage's Foundations
of Statistics, 1954,”
Mathematical Social Sciences 25,
199202.
Abstracts
[93.5]
Wakker, Peter P. (1993)
“Unbounded Utility for
Savage's “Foundations of Statistics,” and other Models,”
Mathematics of Operations Research 18,
446485.
Abstracts
[93.6]
Wakker, Peter P. (1993)
“Savage's Axioms Usually Imply Violation of Strict Stochastic Dominance,”
Review of Economic Studies 60,
487493.
Abstracts & comment
[93.7]
Wakker, Peter P. & Amos Tversky (1993)
“An Axiomatization of Cumulative Prospect Theory,”
Journal of Risk and Uncertainty 7,
147176.
Abstracts;
typos
[93.8]
Chateauneuf, Alain & Peter P. Wakker (1993)
“From Local to Global Additive Representation,”
Journal of
Mathematical Economics 22,
523545.
Abstracts
[93.9]
Jaffray, JeanYves & Peter P. Wakker (1993)
“Decision Making with Belief Functions: Compatibility and Incompatibility with the
SureThing Principle,”
Journal of Risk
and Uncertainty 7,
255271.
Abstracts
1992
[92.1]
Sarin, Rakesh K. & Peter P. Wakker (1992)
“A Simple Axiomatization of Nonadditive Expected Utility,”
Econometrica
60,
12551272.
Abstracts
[92.2]
Wakker, Peter P. (1992)
“Characterizing Stochastically Monotone Functions by
MultiAttribute Utility Theory,”
Economic Theory 2,
565566.
Abstracts
1991
[91.1]
Wakker, Peter P. (1991)
“Additive Representation for Equally Spaced Structures,”
Journal of Mathematical Psychology 35,
260266.
Abstracts
[91.2]
Wakker, Peter P. (1991)
“Continuity of Transformations,”
Journal of Mathematical Analysis and Applications 162,
16.
Abstracts
[91.3]
Wakker, Peter P. (1991)
“Additive
Representations on
RankOrdered Sets. I. The Algebraic
Approach,”
Journal of Mathematical Psychology 35,
501531.
Abstracts
[91.4]
Peters, Hans J.M. & Peter P. Wakker (1991)
“Independence of Irrelevant Alternatives and Revealed Group Preferences,”
Econometrica 59,
17871801.
Reprinted in William Thomson (2010, ed.) “Bargaining and the Theory of Cooperative Games: John Nash and Beyond,” Ch. 4, Edward Elgar Publisher, Northampton, MA.
Abstracts
[91.5]
Wakker, Peter P. (1991)
“Additive Representations of Preferences, A New Foundation of Decision Analysis; The
Algebraic Approach.”
In
JeanPaul Doignon &
JeanClaude Falmagne (Eds.) Mathematical Psychology: Current
Developments, 7187, Springer, Berlin.
Abstracts
1990
[90.1]
Wakker, Peter P. (1990)
“A Behavioral Foundation for Fuzzy Measures,”
Fuzzy Sets and Systems 37,
327350.
Abstracts
[90.2]
Wakker, Peter P. (1990)
“Characterizing Optimism and Pessimism Directly through Comonotonicity,”
Journal of Economic Theory 52,
453463.
Abstracts
[90.3]
Wakker, Peter P. (1990)
“Under Stochastic Dominance
ChoquetExpected Utility and Anticipated Utility
are Identical,”
Theory and Decision 29,
119132.
Abstracts
[90.4]
Bezembinder, Thom G.G. & Peter P. Wakker
(1990)
Review of Chapter 2.10 of Richard C. Atkinson, R.J. Hernnstein,
Gardner E. Lindzey, & R. Duncan Luce (1988, Eds.),
“Stevens Handbook of Experimental Psychology” (Wiley, New York),
Acta Psychologica 75, 193194.
[90.5]
Peters, Hans J.M. & Peter P. Wakker (1990)
“Independence of
Irrelevant Alternatives and Revealed Group Preferences” (Extended
abstract).
In Tatsuro Ichiishi, Abraham Neyman,
& Yair Tauman (Eds.) Game Theory and Applications,
404406, Academic Press, New York.
Abstracts
1989
[89.1]
Wakker, Peter P. (1989)
“Continuous Subjective Expected Utility with Nonadditive Probabilities,”
Journal of Mathematical Economics 18,
127.
Abstracts
[89.2]
Wakker, Peter P. (1989)
“A
GraphTheoretic Approach to Revealed Preference,”
Methodology and Science 22,
5366.
Abstracts
[89.3]
Wakker, Peter P. (1989)
“Subjective Expected
Utility with
NonIncreasing Risk Aversion,”
Annals of Operations Research 19,
219228.
Abstracts
[89.4]
Wakker, Peter P. (1989)
“Transforming
Probabilities without Violating Stochastic Dominance.”
In Edward E.Ch.I. Roskam (Ed.)
Mathematical Psychology in Progress, 2947, Springer, Berlin.
Abstracts
[89.5] Wakker, Peter P. (1989)
“Additive Representations of Preferences, A New Foundation of Decision Analysis.” Kluwer Academic Publishers, Dordrecht.
Abstracts & comments
Pdf file(s) of the book (if you have legal access to Springer)
1988
[88.1]
Wakker, Peter P. (1988)
“Nonexpected Utility as Aversion of Information,”
Journal of Behavioral Decision Making 1,
169175.
(Discussion in
Journal of Behavioral Decision Making 2, 1989,
197202.)
Abstracts
[88.2]
Wakker, Peter P. (1988)
“Continuity of Preference Relations for Separable Topologies,”
International Economic Review 29,
105110.
Abstracts
[88.3]
Wakker, Peter P. (1988)
“The Algebraic versus the Topological Approach to Additive Representations,”
Journal of Mathematical Psychology 32,
421435.
Abstracts & typos
[88.4]
Wakker, Peter P. (1988)
“Derived Strength of Preference Relations on Coordinates,”
Economics Letters 28,
301306.
Abstracts
[88.5]
Wakker, Peter P. (1988)
“Characterizations of Quasilinear Representing Functions, and Specified Forms of These.”
In Wolfgang Eichhorn (Ed.) Measurement in
Economics (Theory and Applications of Economic Indices),
311326,
PhysicaVerlag, Heidelberg.
Abstracts
1987
[87.1]
Peters, Hans J.M. & Peter P. Wakker (1987)
“Convex Functions on
NonConvex Domains,”
Economics Letters 22,
251255.
Abstracts
[87.2]
Wakker, Peter P. (1987)
“Subjective Probabilities for
StateDependent Continuous Utility,”
Mathematical Social Sciences 14,
289298.
Abstracts
[87.3]
Schmeidler, David & Peter P. Wakker (1987)
“Expected Utility and Mathematical Expectation.”
In John Eatwell, Murray Milgate,
& Peter Newman (Eds.) The New Palgrave: A
Dictionary of Economics,
229232, The MacMillan Press, London. Alternative printing and pagination of the same text of “Expected Utility and Mathematical Expectation.”
Abstracts
[87.4]
Wakker, Peter P. (1987)
“From Decision Making under Uncertainty to Game Theory.”
In Hans J.M. Peters & Koos J.
Vrieze (Eds.) Surveys of Game Theory and Related Topics,
163180, CWI
Tract 39, Centre for Mathematics and Computer Science,
Amsterdam.
Abstracts
1986
[86.1]
Wakker, Peter P., Hans J.M. Peters, & Tom B.P.L. van
Riel (1986)
“Comparisons of Risk Aversion, with an Application to Bargaining,”
Methods of Operations Research 54,
307320.
Abstracts
[86.2]
Wakker, Peter P. (1986)
“The Repetitions Approach to Characterize Cardinal Utility,”
Theory and Decision 20,
3340.
Abstracts
[86.3]
Wakker, Peter P. (1986)
“Concave Additively Decomposable Representing Functions and Risk Aversion.”
In Luciano
Daboni, Aldo Montesano, & Marji Lines (Eds.) Recent Developments
in the Foundations of Utility and Risk Theory,
249262,
Reidel, Dordrecht.
Abstracts
[86.4]
Wakker, Peter P. (1986)
Review of Dennis V. Lindley (1985) “Making Decisions.” Wiley, New York,
Kwantitatieve Methoden 20,
144145.
1985
[85.1]
Wakker, Peter P. (1985)
“Continuous Expected Utility for Arbitrary State Spaces,”
Methods of Operations Research 50, 113129.
Abstracts
[85.2]
Wakker, Peter P. (1985)
“Extending Monotone and
NonExpansive Mappings by Optimization,”
Cahiers du C.E.R.O. 27,
141149.
Abstracts
1984
[84.1]
Wakker, Peter P. (1984)
“Cardinal Coordinate Independence for Expected Utility,”
Journal of Mathematical Psychology 28,
110117.
Abstracts
1983
[83.1]
Koster, Rene de, Hans J.M. Peters, Stef H. Tijs, &
Peter P. Wakker (1983)
“Risk Sensitivity, Independence of Irrelevant Alternatives and Continuity of Bargaining Solutions,”
Mathematical Social Sciences 4,
295300.
Abstracts
1982

1981
[81.1]
Wakker, Peter P. (1981)
“Agreeing Probability
Measures for Comparative Probability Structures,”
Annals of Statistics 9,
658662.
Abstracts
3. NonAcademic Papers
2019
Wakker, Peter P. (2019)
“Rational vs. Irrational,” New in Chess 2019.1, 10.
(New in Chess is the leading journal in chess, with subscribers in 116 countries.)
2017
[17.3]
Heilmann, Conrad & Peter P. Wakker (2017)
“Interview,” The Observer 11, 2629.
[17.4] In Dutch:
Awwad, Tamara, Sandra de Jong, & Peter P. Wakker (2017)
“De Zin en Onzin van Reisverzekeringen,”
NU.NL 19 May 2017, Sanomia Media.
(NU.NL is a Dutch newswebsite (http://www.nu.nl/). It opened 1999 and then was the first Dutch website with continuously updated news.)
[17.5] In Dutch:
Bruinsma, Gea & Peter P. Wakker (2017)
“Ook naar het Strand Neem Ik Werk mee,”
Algemeen Dagblad 8 August 2017, Beurs 17.
(Algemeen Dagblad is a daily newspaper, with 300,000 copies per day, and is the 2nd largest newspaper in the Netherlands.)
2014
[14.5] In Dutch:
de Raat, Friederike, Erik Hordijk, & Peter P. Wakker (2014)
“Laat het Los, Al Die Verzekeringen,”
NRC Handelsblads 8 February 2014, E18E19.
(NRC Handelsblad is a daily newspaper, with 200,000 copies per day, and is the 4th largest newspaper in the Netherlands.)
[14.6] In Dutch:
Wakker Peter P. (2014)
“Verliesangst,”
NRC Handelsblads (Delta Lloyd Magazine) 27 June, p. 9.
(NRC Handelsblad is a daily newspaper, with 200,000 copies per day, and is the 4th largest newspaper in the Netherlands.)
[14.7] In Dutch:
Vrieselaar, Nic, Ralph Koijen, & Peter P. Wakker (2014)
“Sparen voor de Dood,”
Elsevier 70 (47), p. 73.
(Elsevier is a weekly magazine with 100,000 subscriptions.)
2013
[13.4] In Dutch:
Stallinga, Rob & Peter P. Wakker (2013)
“Wie nooit wil verliezen, mist veel kansen,”
Safe 2013#02, p. 26.
(Safe is a journal for clients of Robeco investment Engineers and the Rabobank.)
[13.5] In Dutch:
Wijers, Suzanne, Guus de Jonge, & Peter P. Wakker (2013)
“Effectieve Dekking zonder Oververzekering,”
Spits 11 June 2013, Personal Finance p. 6.
(Spits is a free daily newspaper, with 500,000 copies per day distributed over the Netherlands, estimated to have 2,000,000 readers per day.)
2012
[12.5] In Dutch:
Brinks, Mirjam & Wakker, Peter P. (2012)
“Risico is geen Nederlands Woord,”
Interview in Het Parool 09 Aug. 2012.
(National Dutch newspaper)
[12.6] In Dutch:
Wester, Jeroen & Peter P. Wakker (2012)
“Heffen op Nationale Hobby: Verzekeren,”
Interview in NRC Handelsblad 04 Oct 2012.
(National Dutch newspaper)
[12.7] In Dutch:
Boere, Raymond & Peter P. Wakker (2012)
“Honderd Euro Polisgeld Is Snel Terugverdiend,”
Interview in Algemeen Dagblad 04 Oct 2012.
(National Dutch newspaper)
2009
[09.4] In Dutch:
Boogaards, Erik & Peter P. Wakker (2009)
“Doe de PolisCheck (en Bespaar Geld),”
Interview in Plus Magazine 20 no 11, 2829.
2008
[08.8] In Dutch:
Paul Steenhoff & Peter P. Wakker, Peter P. (2008)
“Verliesangst is Drijfveer voor Afsluiten Verzekeren,”
Interview in Postbank NL 10 no. 1, 2729.
(Popular magazine of the Dutch national bank called “Postbank,” with
1.3 million readers.)
[08.9] In Dutch:
Bremmer, David & Peter P. Wakker, Peter P. (2008)
“Verzeker vooral niet Alles,”
Interview in Algemeen Dagblad, Thema, 26 September 2008, p. 23.
(Algemeen Dagblad is a daily newspaper in the Netherlands, with 110,000 copies per day.)
1995
[95.7] In Dutch:
Wakker, Peter P. (1995)
“Keuzetheorie: Die Verdraaide Preferenties!,”
Economisch Statistische Berichten 80/4000, 231.
Last updated: 7 May, 2019
(back to Peter Wakker's homepage)