Pavlo R. Blavatskyy

Montpellier Business School

2300 Avenue des Moulins

Montpellier, 34080

France

SCHOLARLY PAPERS

52

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57

CROSSREF CITATIONS

100

Scholarly Papers (52)

1.

A Probability Weighting Function for Cumulative Prospect Theory and Mean-Gini Approach to Optimal Portfolio Investment

Number of pages: 32 Posted: 18 Jan 2014 Last Revised: 10 Aug 2014
Pavlo R. Blavatskyy
Montpellier Business School
Downloads 476 (104,690)
Citation 6

Abstract:

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Decision under Risk, Probability Weighting Function, Cumulative Prospect Theory, Rank-Dependent Utility, Mean-Gini Approach, Theory of L-moments

2.

Geometric Utility Theory

Number of pages: 29 Posted: 03 Aug 2013
Pavlo R. Blavatskyy
Montpellier Business School
Downloads 382 (135,171)

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Decision under Risk/Uncertainty, Expected Utility, the Independence Axiom, Cobb-Douglas utility, the St. Petersburg paradox, (Comparative) Risk Aversion, Luce’s Choice Model

3.

Loss Aversion? Not With Half-a-Million on the Table!

University of Zurich Working Paper No. 274
Number of pages: 35 Posted: 17 Sep 2006
Pavlo R. Blavatskyy and Ganna Pogrebna
Montpellier Business School and University of Bonn - Institute of Business Administration I
Downloads 333 (156,948)
Citation 12

Abstract:

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loss aversion, expected utility theory, prospect theory, natural experiment

4.

Myopic Loss Aversion Revisited: the Effect of Probability Distortions in Choice Under Risk

IEW Working Paper No. 249
Number of pages: 21 Posted: 19 Feb 2007
Pavlo R. Blavatskyy and Ganna Pogrebna
Montpellier Business School and University of Bonn - Institute of Business Administration I
Downloads 283 (186,203)
Citation 4

Abstract:

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Myopic loss aversion, experiment, probability weight, prospect theory

5.

Betting on Own Knowledge: Experimental Test of Overconfidence

University of Zurich Institute for Empirical Research in Economics Working Paper No. 358
Number of pages: 23 Posted: 01 Feb 2008
Pavlo R. Blavatskyy
Montpellier Business School
Downloads 280 (188,243)
Citation 9

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Overconfidence, underconfidence, lottery, experiment, risk aversion

6.
Downloads 259 (203,630)
Citation 5

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Decision Theory, Risk, Expected Utility Theory, Allais paradox, Disappointment, Equity Premium Puzzle, Insurance, fourfold pattern of risk attitudes, common ratio effect, preference reversals

7.

Why Young Women Marry Old Men?

Number of pages: 19 Posted: 19 Sep 2015 Last Revised: 12 Nov 2015
Pavlo R. Blavatskyy
Montpellier Business School
Downloads 229 (229,705)

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Household models; OLG models; marriage market; gender wage gap; age gap at marriage

8.

A Stochastic Expected Utility Theory

IEW Working Paper No. 231
Number of pages: 46 Posted: 09 Feb 2005
Pavlo R. Blavatskyy
Montpellier Business School
Downloads 228 (230,652)
Citation 4

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decision theory, stochastic utility, expected utility theory, cumulative prospect theory

9.

Why the Olympics Have Three Prizes and Not Just One

IEW Working Paper No. 200
Number of pages: 26 Posted: 11 Aug 2004
Pavlo R. Blavatskyy
Montpellier Business School
Downloads 211 (248,012)
Citation 21

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Symmetric contest, imperfectly discriminating contest, logit, asymmetric equilibria, prize structure, sport

10.

Behavior in the Centipede Game: A Decision-Theoretical Perspective

Number of pages: 14 Posted: 09 Sep 2014
Pavlo R. Blavatskyy
Montpellier Business School
Downloads 207 (252,344)
Citation 1

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Game of perfect information, Subgame perfect Nash equilibrium, Centipede game, Probabilistic choice, Rank-dependent utility

11.

Models of Stochastic Choice and Decision Theories: Why Both are Important for Analyzing Decisions

Journal of Applied Econometrics, Forthcoming
Number of pages: 41 Posted: 19 Apr 2007 Last Revised: 03 Feb 2009
Pavlo R. Blavatskyy and Ganna Pogrebna
Montpellier Business School and University of Bonn - Institute of Business Administration I
Downloads 195 (266,358)
Citation 2

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Fechner model, random utility, tremble, expected utility theory, risk

12.

Risk Aversion

IEW Working Paper No. 370
Number of pages: 23 Posted: 04 May 2008
Pavlo R. Blavatskyy
Montpellier Business School
Downloads 176 (291,667)
Citation 2

Abstract:

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Risk aversion, more risk averse than, riskiness, probabilistic choice, expected utility theory, Fechner model, Luce choice model

13.

Testing the Predictions of Decision Theories in a Natural Experiment when Half a Million is at Stake

Zurich IEER Working Paper No. 291
Number of pages: 40 Posted: 16 Sep 2006
Pavlo R. Blavatskyy and Ganna Pogrebna
Montpellier Business School and University of Bonn - Institute of Business Administration I
Downloads 175 (293,155)
Citation 6

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decision theory, natural experiment, television show, expected utility, non-expected utility

14.

Efficient Elicitation of Utility and Probability Weighting Functions

IEW Working Paper No. 211
Number of pages: 34 Posted: 03 Dec 2004
Pavlo R. Blavatskyy
Montpellier Business School
Downloads 165 (308,258)
Citation 8

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Decision theory, rank-dependent expected utility, cumulative prospect theory, von Neumann-Morgenstern utility, probability weighting, elicitation

15.

Now You See It, Now You Don’t: How to Make the Allais Paradox Appear, Disappear, or Reverse

UNSW Business School Research Paper No. 2015-14
Number of pages: 25 Posted: 06 Jul 2015
Pavlo R. Blavatskyy, Andreas Ortmann and Valentyn Panchenko
Montpellier Business School, UNSW Australia Business School, School of Economics and UNSW Business School, Economics, University of New South Wales
Downloads 138 (356,819)
Citation 4

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Decision under risk, the Allais Paradox, Common Consequence Effect, Expected Utility, Fanning‐out, Experimental Practices

16.

A Model of Intertemporal Choice with Rank-Dependent Discounted Utility

Number of pages: 31 Posted: 06 May 2014 Last Revised: 16 May 2014
Pavlo R. Blavatskyy
Montpellier Business School
Downloads 129 (375,717)
Citation 4

Abstract:

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Intertemporal Choice, Discounted Utility, Time Preference, Dynamic Inconsistency, Expected Utility Theory, Rank-Dependent Utility, Choice under Risk/Uncertainty

17.

Risk Aversion When Gains are Likely and Unlikely: Evidence from a Natural Experiment With Large Stakes

Theory and Decision, Vol. 64, No. 2-3, pp. 395-420, March 2008
Number of pages: 23 Posted: 02 Apr 2006 Last Revised: 13 Apr 2009
Pavlo R. Blavatskyy and Ganna Pogrebna
Montpellier Business School and University of Bonn - Institute of Business Administration I
Downloads 125 (384,820)
Citation 1

Abstract:

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risk attitude, risk aversion, risk seeking, natural experiment

18.

A Measure of Ambiguity (Knightian Uncertainty)

Number of pages: 29 Posted: 19 Oct 2017 Last Revised: 06 Aug 2019
Pavlo R. Blavatskyy
Montpellier Business School
Downloads 121 (394,329)

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Knightian Uncertainty; Ambiguity; Left-Tail Ambiguity; Decomposability; Elementary Increase in Uncertainty

19.

Range Effects and Lottery Pricing

Number of pages: 41 Posted: 31 May 2007 Last Revised: 09 Apr 2008
Pavlo R. Blavatskyy and Wolfgang R. Koehler
Montpellier Business School and University of Zurich
Downloads 119 (399,077)
Citation 1

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certainty equivalent, experiment, stochastic, Becker-DeGroot-Marschak (BDM) method, elicitation procedure, range effects

20.

Loss Aversion

Number of pages: 25 Posted: 28 Jun 2008
Pavlo R. Blavatskyy
Montpellier Business School
Downloads 111 (419,902)

Abstract:

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loss aversion, more loss averse than, nonmonetary outcomes, probabilistic choice, rank-dependent utility theory

21.

Stochastic Choice Under Risk

Institute for Empirical Research in Economics Working Paper No. 272
Number of pages: 32 Posted: 24 Feb 2006
Pavlo R. Blavatskyy
Montpellier Business School
Downloads 110 (422,632)
Citation 4

Abstract:

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expected utility theory, stochastic utility, Fechner model, random error, risk

22.

Estimating Representations of Time Preferences and Models of Probabilistic Intertemporal Choice on Experimental Data

Number of pages: 35 Posted: 11 Feb 2017 Last Revised: 03 May 2017
Pavlo R. Blavatskyy and Hela Maafi
Montpellier Business School and University Paris 8
Downloads 101 (449,214)
Citation 2

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Intertemporal choice, Time preference, Discounted utility, Quasi-hyperbolic discounting, Rank-dependent discounted utility

23.

Predictably Intransitive Preferences

Number of pages: 49 Posted: 17 Apr 2016 Last Revised: 21 May 2016
David Butler, Ganna Pogrebna and Pavlo R. Blavatskyy
Murdoch University, University of Bonn - Institute of Business Administration I and Montpellier Business School
Downloads 100 (452,202)

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24.

Stochastic Utility Theorem

Number of pages: 18 Posted: 27 Jan 2007
Pavlo R. Blavatskyy
Montpellier Business School
Downloads 99 (455,191)
Citation 6

Abstract:

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Expected utility theory, stochastic utility, Fechner model, Luce choice model, tremble

25.

Econometric Model of Discrete Intertemporal Choice for Eliciting Time Preferences

Number of pages: 17 Posted: 28 Nov 2015
Pavlo R. Blavatskyy
Montpellier Business School
Downloads 90 (484,093)

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Intertemporal Choice, Time Preference, Discounted Utility, Dynamic Inconsistency, Hyperbolic Discounting, Probabilistic Choice

26.

Why Qualifications at the Olympics?

IEW Working Paper no. 204
Number of pages: 24 Posted: 05 Oct 2004
Pavlo R. Blavatskyy
Montpellier Business School
Downloads 88 (490,911)
Citation 14

Abstract:

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Symmetric contest, imperfectly discriminating contest, logit, asymmetric equilibria, contest architecture, sport

27.

A New Test of Convexity-Concavity of Discount Function

Number of pages: 18 Posted: 01 Jun 2018 Last Revised: 25 Sep 2019
Pavlo R. Blavatskyy and Hela Maafi
Montpellier Business School and University Paris 8
Downloads 84 (505,173)

Abstract:

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Intertemporal Choice, Time Preference, Discounted Utility, Quasi-hyperbolic Discounting, Discount Function

28.

Contest Success Function with the Possibility of a Draw: Axiomation

IEW Working Paper No. 208
Number of pages: 24 Posted: 01 Nov 2004
Pavlo R. Blavatskyy
Montpellier Business School
Downloads 84 (505,173)
Citation 15

Abstract:

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Contest success function, draw, logit, irrelevant alternatives, imperfectly discriminating

29.

Expected Discounted Utility

Number of pages: 21 Posted: 07 Aug 2019
Pavlo R. Blavatskyy
Montpellier Business School
Downloads 83 (508,764)

Abstract:

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Choice under risk; Lottery; Expected utility theory; Intertemporal choice; Discounted utility

30.

Probabilistic Choice and Stochastic Dominance

Number of pages: 36 Posted: 08 Apr 2008
Pavlo R. Blavatskyy
Montpellier Business School
Downloads 70 (560,836)
Citation 2

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Probabilistic choice, first-order stochastic dominance, expected utility theory, random utility model, risk

31.

Oligopolistic Price Competition with a Continuous Demand

Number of pages: 20 Posted: 11 May 2015
Pavlo R. Blavatskyy
Montpellier Business School
Downloads 68 (569,590)
Citation 1

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Oligopoly, Price competition, Bertrand model, Homogeneous products, Continuous demand

32.

Reverse Common Ratio Effect

Institute for Empirical Research in Economics, University of Zurich, Working Paper No. 478
Number of pages: 32 Posted: 19 Feb 2010
Pavlo R. Blavatskyy
Montpellier Business School
Downloads 66 (578,674)
Citation 5

Abstract:

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Expected utility theory, common ratio effect, Allais paradox, risk, experiment

33.

Intertemporal Choice with Subjective Timing

Number of pages: 20 Posted: 16 Dec 2015 Last Revised: 03 Mar 2017
Pavlo R. Blavatskyy
Montpellier Business School
Downloads 64 (587,748)

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Intertemporal Choice; Time Preference; Discounted Utility; Subjective Timing; Timing Risk

34.

Discounted Incremental Utility Model of Intertemporal Choice

Number of pages: 30 Posted: 27 Jun 2015
Pavlo R. Blavatskyy
Montpellier Business School
Downloads 63 (592,323)
Citation 2

Abstract:

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Intertemporal Choice, Discounted Utility, Time Preference, Dynamic Inconsistency

35.

Intertemporal Choice with Different Short-Term and Long-Term Discount Factors

Number of pages: 21 Posted: 03 Aug 2013 Last Revised: 25 Nov 2013
Pavlo R. Blavatskyy
Montpellier Business School
Downloads 59 (612,032)
Citation 1

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Discounted Utility, Time Preference, Dynamic Consistency, Stationarity, Discount Factor, Intertemporal Consumption

36.

Behavioral Characterization of Weighted (Separable) Utility

Number of pages: 11 Posted: 15 Jul 2013
Pavlo R. Blavatskyy
Montpellier Business School
Downloads 57 (622,356)

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Weighted (Separable) Utility, Expected Utility, Discounted Utility, Utilitarian Social Welfare Function, Thomsen Condition

37.

Preference Reversals and Probabilistic Choice

Number of pages: 21 Posted: 28 Aug 2008
Pavlo R. Blavatskyy
Montpellier Business School
Downloads 56 (627,612)
Citation 1

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Preference reversal, probabilistic choice, certainty equivalent, probability equivalent, valuation

38.

Income Inequality and Longevity

Number of pages: 14 Posted: 23 Nov 2016 Last Revised: 12 Apr 2017
Pavlo R. Blavatskyy
Montpellier Business School
Downloads 53 (643,806)

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Income Inequality, Longevity, Mortality, Egalitarianism, Longer Lifespan

39.

Axiomatization of a Preference for Most Probable Winner

IEW Working Paper No. 230
Number of pages: 21 Posted: 10 Feb 2005
Pavlo R. Blavatskyy
Montpellier Business School
Downloads 53 (643,806)
Citation 1

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expected utility theory, axiomatization, betweenness, fanning-in, skew-symmetric bilinear utility, regret theory

40.

Relative Patience in Intertemporal Choice

Number of pages: 17 Posted: 20 Jan 2016
Pavlo R. Blavatskyy
Montpellier Business School
Downloads 52 (649,371)

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Intertemporal Choice, Time Preference, Relative Patience, Relative impatience, Rank-Dependent Discounted Utility

41.

The Likelihood of the Referendum Paradox for a Given Referendum Result

Number of pages: 18 Posted: 16 Sep 2019
Pavlo R. Blavatskyy
Montpellier Business School
Downloads 51 (654,926)

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Social Choice, Voting, Referendum Paradox, Compound Majority Paradox, Impartial Anonymous Culture

42.

Comparative and Absolute Ambiguity Aversion

Number of pages: 10 Posted: 13 Aug 2019
Pavlo R. Blavatskyy
Montpellier Business School
Downloads 51 (654,926)

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Uncertainty; Ambiguity; Ambiguity Aversion; Probability Equivalent; Subjective Expected Utility

43.

Risk Preferences of Australian Academia: Where Retirement Funds are Invested Tells the Story

Number of pages: 17 Posted: 04 Mar 2014
Pavlo R. Blavatskyy
Montpellier Business School
Downloads 49 (666,256)

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Risk preference, Expected utility theory, Loss aversion, Rank-dependent utility, Optimal portfolio investment, Superannuation

44.

A Refinement of Logit Quantal Response Equillibrium

Number of pages: 20 Posted: 27 Jun 2015
Pavlo R. Blavatskyy
Montpellier Business School
Downloads 48 (672,197)

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Equilibrium Solution Concept, Nash Equilibrium, Quantal Response Equilibrium, Simultaneous-Move Noncooperative Game, Normal Form

45.

Temporal Dominance and Relative Patience in Intertemporal Choice with Monetary Outcomes

Number of pages: 30 Posted: 17 Apr 2016
Pavlo R. Blavatskyy
Montpellier Business School
Downloads 45 (690,563)
Citation 2

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Intertemporal Choice, Time Preference, Discounted Utility, Temporal Dominance, Relative Patience, Dynamic Inconsistency, Hyperbolic Discounting

46.

Lottery Pricing under Time Pressure

Univ. of Zurich Working Paper No. 422
Number of pages: 24 Posted: 13 Jul 2009
Pavlo R. Blavatskyy and Wolfgang R. Koehler
Montpellier Business School and University of Zurich
Downloads 45 (690,563)

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Time pressure, certainty equivalent, experiment, stochastic, Becker-DeGroot-Marschak (BDM) method

47.

Coordination, Focal Points and Voting in Strategic Situations: A Natural Experiment

Public Choice, Forthcoming
Number of pages: 33 Posted: 25 Feb 2009 Last Revised: 03 Mar 2009
Ganna Pogrebna and Pavlo R. Blavatskyy
University of Bonn - Institute of Business Administration I and Montpellier Business School
Downloads 40 (723,309)

Abstract:

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Coordination, focal point, voting in strategic situations

48.

How to Extend a Model of Probabilistic Choice from Binary Choices to Choices Among More than Two Alternatives

Institute for Empirical Research in Economics University of Zurich Working Paper Series
Number of pages: 10 Posted: 04 Sep 2009
Pavlo R. Blavatskyy
Montpellier Business School
Downloads 34 (766,114)

Abstract:

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probabilistic choice, binary choice, multiple alternatives

49.
Downloads 32 (781,326)
Citation 1

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Probabilistic Choice, Equilibrium Solution Concept, Nash Equilibrium, Quantal Response Equilibrium, Simultaneous-Move Noncooperative GameProbabilistic Choice, Equilibrium Solution Concept, Nash Equilibrium, Quantal Response Equilibrium, Simultaneous-Move Noncooperative Game

50.

Back to the St. Petersburg Paradox?

CERGE-EI Working Paper No. 227
Posted: 29 Apr 2005
Pavlo R. Blavatskyy
Montpellier Business School

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EUT, cumulative prospect theory, St. Petersburg paradox, power utility, probability weighting

51.

Note on Small Feedback-Based Decisions and Their Limited Correspondence to Description-Based Decisions

CERGE-EI Working Paper No. 218
Posted: 24 Apr 2005
Pavlo R. Blavatskyy
Montpellier Business School

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Heuristic of relative probability comparisons, feedback-based decisions

52.

Axiomatization of a Preference for Most Probably Winner

CERGE-EI Working Paper No. 226
Posted: 07 Apr 2005
Pavlo R. Blavatskyy
Montpellier Business School

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EUT, axiomatization, stochastic dominance, betweenness, weak