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  1. Violations of coalescing in parametric utility measurement.Andreas Glöckner, Baiba Renerte & Ulrich Schmidt - 2020 - Theory and Decision 89 (4):471-501.
    The majority consensus in the empirical literature is that probability weighting functions are typically inverse-S shaped, that is, people tend to overweight small and underweight large probabilities. A separate stream of literature has reported event-splitting effects and shown that they can explain violations of expected utility. This leads to the questions whether the observed shape of weighting functions is a mere consequence of the coalesced presentation and, more generally, whether preference elicitation should rely on presenting lotteries in a canonical split (...)
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