Certainty Equivalent Procedure

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Certainty Equivalent Procedure

The Certainty Equivalent Procedure suggest by Tversky and Kahneman (1992)
Duration: 5 minutes
(Requires Inquisit Lab)
(Run with Inquisit Web)
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Google ScholarSearch Google Scholar for peer-reviewed, published research using the Inquisit Certainty Equivalent Procedure.

Tversky, A., & Kahneman, D. (October 01, 1992). Advances in prospect theory: Cumulative representation of uncertainty. Journal of Risk and Uncertainty, 5, 4, 297-323.

Cho, Y., & Luce, R. D. (January 01, 1995). Tests of Hypotheses about Certainty Equivalents and Joint Receipt of Gambles. Organizational Behavior and Human Decision Processes, 64, 3, 229-248.

Budescu, D. V., Kuhn, K. M., Kramer, K. M., & Johnson, T. R. (January 01, 2002). Modeling certainty equivalents for imprecise gambles. Organizational Behavior and Human Decision Processes, 88, 2, 748-768.

Paulus, M. P., & Frank, L. R. (April 01, 2006). Anterior cingulate activity modulates nonlinear decision weight function of uncertain prospects. Neuroimage, 30, 2, 668-677.