P.P. (Peter) Wakker

Personal website.

Peter Wakker is a professor of decisions under uncertainty at the Department of Econometrics of the Erasmus School of Economics (ESE). He works in behavioral economics, primarily on the differences between normative and descriptive decisions, and on decisions under risk and uncertainty.

Wakker has published in leading journals in economics, business, medicine, psychology, statistics, and mathematics. He was nominated the best-publishing Dutch economist in the years 1994, 1998, 2003, and 2007, and was ranked 90th in the world in the ISI's most cited scientists in economics and business in 2003. He received a Medical Decision Making Career Achievement Award in 2007.

Wakker regularly gives advices on insurance in the media.

Wakker is director, jointly with Professor Han Bleichrodt, of the research group Behavioral Economics.

• Articles (129)
  • Bleichrodt, H., Kothiyal, A., Prelec, D. & Wakker, P.P. (2013). Compound Invariance Implies Prospect Theory for Simple Prospects. Journal of Mathematical Psychology, in press.
  • Kothiyal, A., Spinu, V. & Wakker, P.P. (2013). An Experimental Test of Prospect Theory for Predicting Choice under Ambiguity. Journal of Risk and Uncertainty, in press.
  • Spinu, V. & Wakker, P.P. (2013). Expected Utility without Continuity: A Comment on Delbaen, Drapeau, and Kupper (2011). Journal of Mathematical Economics, 49, 28-30.
  • Wakker, P.P., Li, C. & Li, Z. (2013). If Nudge Cannot Be Applied: A Litmus Test of the Readers’ Stance on Paternalism. Theory and Decision, (in press).
  • Attema, A.E., Bleichrodt, H. & Wakker, P.P. (2012). A Direct Method for Measuring Discounting and QALYs more Easily and Reliably. Medical Decision Making, 32(4), 583-593.
  • Baillon, A., Driesen, B. & Wakker, P.P. (2012). Relative Concave Utility for Risk and Ambiguity. Games and Economic Behavior, 75, 481-489.
  • Baillon, A., Cabantous, L. & Wakker, P.P. (2012). Aggregating Imprecise or Conflicting Beliefs: An Experimental Investigation Using Modern Ambiguity Theories. Journal of Risk and Uncertainty, 44(2), 115-147.
  • Baltussen, G., Post, G.T., Assem, M.J. van den & Wakker, P.P. (2012). Random Incentive Systems in a Dynamic Choice Experiment. Experimental Economics, 15(3), 418-443.
  • Abdellaoui, M., Baillon, A., Placido, L. & Wakker, P.P. (2011). The Rich Domain of Uncertainty: Source Functions and Their Experimental Implementation. The American Economic Review, 101(2), 695-723.
  • Bleichrodt, H., Doctor, J.N., Filko, M. & Wakker, P.P. (2011). Utility Independence of Multiattribute Utility Theory is Equivalent to Standard Sequence Invariance of Conjoint Measurement. Journal of Mathematical Psychology, 55(6), 451-456.
  • Kothiyal, A., Spinu, V. & Wakker, P.P. (2011). Prospect Theory for Continuous Distributions: A Preference Foundation. Journal of Risk and Uncertainty, 42, 195-210.
  • Kothiyal, A., Spinu, V. & Wakker, P.P. (2011). Comonotonic Proper Scoring Rules to Measure Ambiguity and Subjective Beliefs. Journal of Multi-Criteria Decision Analysis, 17(3/4), 101-113.
  • Trautmann, S.T., Vieider, F.M. & Wakker, P.P. (2011). Preference Reversals for Ambiguity Aversion. Management Science, 57(7), 1320-1333.
  • van de Kuilen, G. & Wakker, P.P. (2011). The Midweight Method to Measure Attitudes towards Risk and Ambiguity. Management Science, 57(3), 582-598.
  • Wakker, P.P. (2011). Jaffray's Ideas on Ambiguity. Theory and Decision, 71(1), 11-22.
  • Attema, A.E., Bleichrodt, H., Rohde, K.I.M. & Wakker, P.P. (2010). Time-Tradeoff Sequences for Analyzing Discounting and Time Inconsistency. Management Science, 56(11), 2015-2030.
  • Trautmann, S.T. & Wakker, P.P. (2010). Process Fairness and Dynamic Consistency. Economics Letters, 109(3), 187-189.
  • Bleichrodt, H., Rohde, K.I.M. & Wakker, P.P. (2009). Non-Hyperbolic Time Inconsistency. Games and Economic Behavior, 66(1), 27-38.
  • Offerman, T., Sonnemans, J., van de Kuilen, G. & Wakker, P.P. (2009). A Truth-Serum for Non-Bayesians: Correcting Proper Scoring Rules for Risk Attitudes. Review of Economic Studies, 76(4), 1461-1489.
  • Sales, C. & Wakker, P.P. (2009). The Metric-Frequency Measure of Similarity for Ill-Structured Data Sets, with an Application to Family Therapy. British Journal of Mathematical and Statistical Psychology, 62, 663-682.
  • Bleichrodt, H., Rohde, K.I.M. & Wakker, P.P. (2008). Combining additive representations on subsets into an overall representation. Journal of Mathematical Psychology, 52(5), 304-310.
  • Bleichrodt, H., Rohde, K.I.M. & Wakker, P.P. (2008). Koopmans' Constant Discounting for Intertemporal Choice: A Simplification and a Generalization. Journal of Mathematical Psychology, 52(6), 341-347.
  • Palma, A. de, Ben-Akiva, M., Brownstone, D., Holt, C, Thierry, M., McFadden, D., Moffatt, P., Picard, N., Train, K., Wakker, P.P. & Walker, J. (2008). Risk, Uncertainty and Discrete Choice Models. Marketing Letters, 19(3/4), 269-285.
  • Trautmann, S.T., Vieider, F.M. & Wakker, P.P. (2008). Causes of Ambiguity Aversion: Known versus Unknown Preferences. Journal of Risk and Uncertainty, 36(3), 225-243.
  • Wakker, P.P. (2008). Explaining the Characteristics of the Power (CRRA) Utility Family. Health Economics, 17, 1329-1344.
  • Wakker, P.P. (2008). Lessons Learned by (from?) an Economists Working in Medical Decision Making. Medical Decision Making, 28, 690-698.
  • Abdellaoui, M., Barrios, C. & Wakker, P.P. (2007). Reconciling Introspective Utility with Revealed Preference: Experimental Arguments Based on Prospect Theory. Journal of Econometrics, 138(1), 336-378.
  • Diecidue, E., Wakker, P.P. & Zeelenberg, M. (2007). Eliciting Decision Weights by Adapting de Finetti's Betting-Odds Methods to Prospect Theory. Journal of Risk and Uncertainty, 34, 179-199.
  • Kobberling, V., Schwieren, C & Wakker, P.P. (2007). Prospect-Theory's Diminishing Sensitivity versus Economics' Intrinsic Utility of Money: How the Introduction of the of the Euro Can Be Used to Disentagle the Two Empirically. Theory and Decision, 63(3), 205-231.
  • Wakker, P.P., Timmermans, D.R.M. & Machielse, I.A. (2007). The Effects of Statistical Information on Risk and Ambiguity Attitudes, and on Rational Decisions. Management Science, 53(11), 1770-1784.
  • Kuilen, G.E. van de & Wakker, P.P. (2006). Learning in the Allais Paradox. Journal of Risk and Uncertainty, 33, 155-164.
  • Abdellaoui, M. & Wakker, P.P. (2005). The Likelihood Method for Decision under Uncertainty. Theory and Decision, 58, 3-76.
  • Kobberling, V. & Wakker, P.P. (2005). An Index of Loss Aversion. Journal of Economic Theory, 122, 119-131.
  • Wakker, P.P. (2005). Decision-Foundations for Properties of Nonadditive Measures for General State Spaces or for General Outcome Spaces. Games and Economic Behavior, 50, 107-125.
  • Diecidue, E., Schmidt, U. & Wakker, P.P. (2004). The Utility of Gambling Reconsidered. Journal of Risk and Uncertainty, 29, 241-259.
  • Kobberling, V. & Wakker, P.P. (2004). A Simple Tool for Qualitatively Testing, Quantitatively Measuring, and Normatively Justifying Savage's Subjective Expected Utility. Journal of Risk and Uncertainty, 28, 135-145.
  • van Osch, S.M.C., Wakker, P.P., van den Hout, W. & Stiggelbout, AM (2004). Correcting Biases in Standard Gamble and Time Tradeoff Utilities. Medical Decision Making, 24, 511-517.
  • Wakker, P.P., Jansen, S.J.T. & Stiggelbout, AM (2004). Anchor Levels as a New Tool for the Theory and Measurement of Multiattribute Utility. Decision Analysis, 1, 217-234.
  • Wakker, P.P. (2004). On the Composition of Risk Preference and Belief. Psychological Review, 111, 236-241.
  • Kobberling, V. & Wakker, P.P. (2003). Preference Foundations for Nonexpected Utility: A Generalized and Simplified Technique. Mathematics of Operations Research, 28, 395-423.
  • Wakker, P.P. (2003). The Data of Levy and Levy (2002) "Prospect Theory: Much Ado about Nothing?" Actually Support Prospect Theory. Management Science, 49, 979-981.
  • Diecidue, E. & Wakker, P.P. (2002). Dutch Books: Avoiding Strategic and Dynamic Complications, and a Comonotonic Extension. Mathematical Social Sciences, 43, 135-149.
  • Gilboa, I., Schmeidler, D. & Wakker, P.P. (2002). Utility in Case-Based Decision Theory. Journal of Economic Theory, 105, 483-502.
  • Wakker, P.P. & Zank, H. (2002). A Simple Preference-Foundation of Cumulative Prospect Theory with Power Utility. European Economic Review, 46, 1253-1271.
  • Wakker, P.P. (2002). Decision-Principles to Justify Carnap's Updating Method and to Suggest Corrections of Probability Judgments. In A Darwiche & N Friedman (Eds.), Uncertainty in Artificial Intelligence, Proceedings of the Eighteenth Conference (pp. 544-551). San Francisco, CA: Morgan Kaufmann.
  • Bleichrodt, H., Pinto, J.L. & Wakker, P.P. (2001). Making Descriptive Use of Prospect Theory to Improve the Prescriptive Use of Expected Utility. Management Science, 47(11), 1498-1514.
  • De Waegenaere, A. & Wakker, P.P. (2001). Nonmonotonic Choquet Integrals. Journal of Mathematical Economics, 36, 45-60.
  • Diecidue, E. & Wakker, P.P. (2001). On the Intuition of Rank-Dependent Utility. Journal of Risk and Uncertainty, 23, 281-298.
  • Post, P.N., Siggelbout, A.M. & Wakker, P.P. (2001). The Utility of Health States Following Stroke; a Systematic Review of the Literature. Stroke, 32, 1425-1429.
  • Wakker, P.P. (2001). Testing and Characterizing Properties of Nonadditive Measures through Violations of the Sure-Thing Principle. Econometrica, 69, 1039-1059.
  • Jansen, S.J.T., Stiggelbout, AM, Wakker, P.P., Nooij, A.N., Noordijk, E.M. & Kievit, J. (2000). Unstable Preferences: A Shift in Valuation or an Effect of the Elicitation Procedure? Medical Decision Making, 20, 62-71.
  • Sarin, R.K. & Wakker, P.P. (2000). Cumulative Dominance and Probabilistic Sophistication. Mathematical Social Sciences, 40, 191-196.
  • Wakker, P.P. (2000). Uncertainty Aversion: A Discussion of Critical Issues in Health Economics. Health Economics, 9, 261-263.
  • Wakker, P.P. (2000). Dempster Belief Functions Are Based on the Principle of Complete Ignorance. International Journal of Uncertainty Fuzziness and Knowledge-Based Systems, 8, 271-284.
  • Chateauneuf, A. & Wakker, P.P. (1999). An Axiomatization of Cumulative Prospect Theory for Decision under Risk. Journal of Risk and Uncertainty, 18, 137-145.
  • Wakker, P.P. & Zank, H. (1999). State Dependent Expected Utility for Savage's State Space. Mathematics of Operations Research, 24, 8-34.
  • Wakker, P.P. & Zank, H. (1999). A Unified Derivation of Classical Subjective Expected Utility Models through Cardinal Utility. Journal of Mathematical Economics, 32, 1-19.
  • Jansen, S.J.T., Siggelbout, A.M., Wakker, P.P., Vliet Vlieland, T.P.M., Leer, J.W.H., Nooy, M.A. & Kievit, J. (1998). Patient Utilities for Cancer Treatments: A Study of the Chained Procedure for the Standard Gamble and Time TradeOff. Medical Decision Making, 18, 391-399.
  • Miyamoto, J.M., Wakker, P.P., Bleichrodt, H. & Peters, H.J.M. (1998). The Zero-Condition: A Simplifying Assumption in QALY Measurement and Multiattribute Utility. Management Science, 44, 839-849.
  • Sarin, R.K. & Wakker, P.P. (1998). Dynamic Choice and Nonexpected Utility. Journal of Risk and Uncertainty, 17, 87-119.
  • Sarin, R.K. & Wakker, P.P. (1998). Revealed Likelihood and Knightian Uncertainty. Journal of Risk and Uncertainty, 16, 223-250.
  • Bleichrodt, H., Wakker, P.P. & Johannesson, M. (1997). Characterizing QALYs by Risk Neutrality. Journal of Risk and Uncertainty, 15(15), 107-114.
  • Fennema, H. & Wakker, P.P. (1997). Original and Cumulative Prospect Theory: A Discussion of Empirical Differences. Journal of Behavioral Decision Making, 10, 53-64.
  • Kahneman, D., Wakker, P.P. & Sarin, R.K. (1997). Back to Bentham? Explorations of Experienced Utility. The Quarterly Journal of Economics, 112, 375-405.
  • Sarin, R.K. & Wakker, P.P. (1997). A Single-Stage Approach to Anscombe and Aumann's Expected Utility. Review of Economic Studies, 64, 399-409.
  • Stalmeier, PFM, Wakker, P.P. & Bezembinder, Th.G.G. (1997). Preference Reversals: Violations of Unidimensional Procedure Invariance. Journal of Experimental Psychology-Human Perception and Performance, 23, 1196-1205.
  • Wakker, P.P., Thaler, R.H. & Tversky, A. (1997). Probabilistic Insurance. Journal of Risk and Uncertainty, 15, 7-28.
  • Chew, S.H. & Wakker, P.P. (1996). The Comonotonic Sure-Thing Principle. Journal of Risk and Uncertainty, 12, 5-27.
  • Deneffe, D. & Wakker, P.P. (1996). Mergers, Strategic Investments and Antitrust Policy. Managerial and Decision Economics, 17, 231-240.
  • Fennema, H. & Wakker, P.P. (1996). A Test of Rank-Dependent Utility in the Context of Ambiguity. Journal of Risk and Uncertainty, 13, 19-35.
  • Miyamoto, J. & Wakker, P.P. (1996). Multiattribute Utility Theory without Expected Utility Foundations. Operations Research, 44, 313-326.
  • Peters, H.J.M. & Wakker, P.P. (1996). Cycle-Preserving Extension of Demand Functions to New Commodities. Journal of Mathematical Economics, 25, 281-290.
  • Wakker, P.P. & Deneffe, D. (1996). Eliciting von Neumann-Morgenstern Utilities when Probabilities Are Distorted or Unknown. Management Science, 42, 1131-1150.
  • Wakker, P.P. (1996). The Sure-Thing Principle and the Comonotonic Sure-Thing Principle: An Axiomatic Analysis. Journal of Mathematical Economics, 25, 213-227.
  • Wakker, P.P. (1996). A Criticism of Healthy-Years Equivalents. Medical Decision Making, 16, 207-214.
  • Fishburn, P.C., & Wakker, P.P. (1995). The Invention of the Independence Condition for Preferences. Management Science, 41, 1130-1144.
  • Maas, A.I.R., Bezembinder, Th.G.G. & Wakker, P.P. (1995). On Solving Intransitivities in Repeated Pairwise Choices. Mathematical Social Sciences, 29, 83-101.
  • Timmermans, D.R.M., Politser, P. & Wakker, P.P. (1995). Aggregation, Rationality, and Risk Communication: Three Current Debates in Medical Decision Making. In J.P. Caverni, M. Bar-Hillel, F. Hutton Barron & H. Jungermann (Eds.), Contributions to Decision Making -I (pp. 111-117). Amsterdam: Elseviers Science.
  • Tversky, A. & Wakker, P.P. (1995). Risk Attitudes and Decision Weights. Econometrica, 63, 1255-1280.
  • Wakker, P.P. & Stiggelbout, AM (1995). Explaining Distortions in Utility Elicitation through the Rank-Dependent Model for Risky Choices. Medical Decision Making, 15, 180-186.
  • Wakker, P.P. & Klaassen, M.P. (1995). Confidence Intervals for Cost/Effectiveness Ratios. Health Economics, 4, 373-381.
  • Fennema, H. & Wakker, P.P. (). An Explanation and Characterization for the Buying of Lotteries. In S. Rios (Ed.), Decision Theory and Decision Analysis: Trends and Challenges (pp. 163-175). Dordrecht: Kluwer Academic Publishers.
  • Maas, A.I.R. & Wakker, P.P. (1994). Additive Conjoint Measurement for Multiattribute Utility. Journal of Mathematical Psychology, 38, 86-101.
  • Peters, H.J.M. & Wakker, P.P. (1994). WARP Does not Imply SARP for More Than Two Commodities. Journal of Economic Theory, 62, 152-160.
  • Quiggin, J. & Wakker, P.P. (1994). The Axiomatic Basis of Anticipated Utility; A Clarification. Journal of Economic Theory, 64, 486-499.
  • Sarin, R.K. & Wakker, P.P. (1994). A General Result for Quantifying Beliefs. Econometrica, 62, 683-685.
  • Sarin, R.K. & Wakker, P.P. (1994). Folding Back in Decision Tree Analysis. Management Science, 40, 625-628.
  • Sarin, R.K. & Wakker, P.P. (1994). Gains and Losses in Nonadditive Expected Utility. In M.J. Machina & B.R. Munier (Eds.), Models and Experiments on Risk and Rationality (pp. 157-172). Dordrecht: Kluwer Academic Publishers.
  • Wakker, P.P., Erev, I. & Weber, E.U. (1994). Comonotonic Independence: The Critical Test between Classical and Rank-Dependent Utility Theories. Journal of Risk and Uncertainty, 9, 195-230.
  • Wakker, P.P. (1994). Separating Marginal Utility and Probabilistic Risk Aversion. Theory and Decision, 36, 1-44.
  • Chateauneuf, A. & Wakker, P.P. (1993). From Local to Global Additive Representation. Journal of Mathematical Economics, 22, 523-545.
  • Chew, S.H., Epstein, L.G. & Wakker, P.P. (1993). A Unifying Approach to Axiomatic Non-Expected Utility Theories: Correction and Comment. Journal of Economic Theory, 59, 183-188.
  • Jaffray, J.Y. & Wakker, P.P. (1993). Decision Making with Belief Functions: Compatibility and Incompatibility with the Sure-Thing Principle. Journal of Risk and Uncertainty, 7, 255-271.
  • Wakker, P.P. (1993). Additive Representations on Rank-Ordered Sets II. The Topological Approach. Journal of Mathematical Economics, 22, 1-26.
  • Wakker, P.P. (1993). Unbounded Utility for Savage's Foundations of Statistics, and other Models. Mathematics of Operations Research, 18, 446-485.
  • Wakker, P.P. (1993). Savage's Axioms Usually Imply Violation of Strict Stochastic Dominance. Review of Economic Studies, 60, 487-493.
  • Wakker, P.P. & Tversky, A. (1993). An Axiomatization of Cumulative Prospect Theory. Journal of Risk and Uncertainty, 7, 147-176.
  • Wakker, P.P. (1993). Clarification of some Mathematical Misunderstandings about Savage's Foundations of Statistics, 1954. Mathematical Social Sciences, 25, 199-202.
  • Wakker, P.P. (1993). Counterexamples to Segal's Measure Representation Theorem. Journal of Risk and Uncertainty, 6, 91-98.
  • Sarin, R.K. & Wakker, P.P. (1992). A Simple Axiomatization of Nonadditive Expected Utility. Econometrica, 60, 1255-1272.
  • Wakker, P.P. (1992). Characterizing Stochastically Monotone Functions by Multi-Attribute Utility Theory. Economic Theory, 2, 565-566.
  • Peters, H.J.M. & Wakker, P.P. (1991). Independence of Irrelevant Alternatives and Revealed Group Preferences. Econometrica, 59, 1787-1801.
  • Wakker, P.P. (1991). Additive Representations on Rank-Ordered Sets. I. The Algebraic Approach. Journal of Mathematical Psychology, 35, 501-531.
  • Wakker, P.P. (1991). Continuity of Transformations. Journal of Mathematical Analysis and Applications, 162, 1-6.
  • Wakker, P.P. (1991). Additive Representation for Equally Spaced Structures. Journal of Mathematical Psychology, 260-266.
  • Wakker, P.P. (1991). Additive Representations of Preferences, A New Foundation of Decision Analysis; The Algebraic Approach. In J.P. Doignon & J.C. Falmagne (Eds.), Mathematical Psychology: Current Developments (pp. 71-87). Berlin: Springer.
  • Wakker, P.P. (1990). Under Stochastic Dominance Choquet-Expected Utility and Anticipated Utility are Identical. Theory and Decision, 29, 119-132.
  • Wakker, P.P. (1990). Characterizing Optimism and Pessimism Directly hrough Comonotonicity. Journal of Economic Theory, 52, 453-463.
  • Wakker, P.P. (1990). A Behavioral Foundation for Fuzzy Measures. Fuzzy Sets & Systems, 37, 327-350.
  • Wakker, P.P. (1989). Continuous Subjective Expected Utility with Nonadditive Probabilities. Journal of Mathematical Economics, 18, 1-27.
  • Wakker, P.P. (1989). A Graph-Theoretic Approach to Revealed Preference. Methodology and Science, 22, 53-66.
  • Wakker, P.P. (1989). Nonexpected Utility as Aversion of Information: A Discussion. Journal of Behavioral Decision Making, 2, 197-202.
  • Wakker, P.P. (1989). Subjective Expected Utility with Non-Increasing Risk Aversion. Annals of Operations Research, 19, 219-228.
  • Wakker, P.P. (1989). Transforming Probabilities without Violating Stochastic Dominance. In E.E.Ch.I. Roskam (Ed.), Mathematical Psychology in Progress (pp. 29-47). Berlin: Springer.
  • Wakker, P.P. (1988). Continuity of Preference Relations for Separable Topologies. International Economic Review, 29, 105-110.
  • Wakker, P.P. (1988). The Algebraic versus the Topological Approach to Additive Representations. Journal of Mathematical Psychology, 32, 421-435.
  • Wakker, P.P. (1988). Derived Strength of Preference Relations on Coordinates. Economics Letters, 28, 301-306.
  • Wakker, P.P. (1988). Nonexpected Utility as Aversion of Information. Journal of Behavioral Decision Making, 1, 169-175.
  • Wakker, P.P. (1988). Characterizations of Quasilinear Representing Functions, and Specified Forms of These. In W. Eichhorn (Ed.), Measurement in Economics (Theory and Applications of Economic Indices (pp. 311-326). Heidelberg: Physica-Verlag.
  • Peters, H.J.M. & Wakker, P.P. (1987). Convex Functions on Non-Convex Domains. Economics Letters, 22, 251-255.
  • Wakker, P.P. (1987). Subjective Probabilities for State-Dependent Continuous Utility. Mathematical Social Sciences, 14, 289-298.
  • Wakker, P.P. (1986). The Repetitions Approach to Characterize Cardinal Utility. Theory and Decision, 20, 33-40.
  • Wakker, P.P., Peters, H.J.M. & van Riel, T.B.P.L. (1986). Comparisons of Risk Aversion, with an Application to Bargaining. Methods of Operations Research, 54, 307-320.
  • Wakker, P.P. (1986). Concave Additively Decomposable Representing Functions and Risk Aversion. In L. Daboni, A. Montesano & M. Lines (Eds.), Recent Developments in the Foundations of Utility and Risk Theory (pp. 249-262). Dordrecht: Reidel.
  • Wakker, P.P. (1985). Extending Monotone and Non-Expansive Mappings by Optimization. Cahiers du C.E.R.O., 27, 141-149.
  • Wakker, P.P. (1985). Continuous Expected Utility for Arbitrary State Spaces. Methods of Operations Research, 50, 113-129.
  • Wakker, P.P. (1984). Cardinal Coordinate Independence for Expected Utility. Journal of Mathematical Psychology, 28, 110-117.
  • de Koster, R., Peters, H.J.M., Tijs, S.H. & Wakker, P.P. (1983). Risk Sensitivity, Independence of Irrelevant Alternatives and Continuity of Bargaining Solutions. Mathematical Social Sciences, 4, 295-300.
  • Wakker, P.P. (1981). Agreeing Probability Measures for Comparative Probability Structures. Annals of Statistics, 9, 658-662.

• Books (2)
  • Wakker, P.P. (2010). Prospect Theory: For Risk and Ambiguity. Cambridge, UK: Cambridge University Press.
  • Wakker, P.P. (1989). Additive Representations of Preferences, A New Foundation of Decision Analysis. Dordrecht: Kluwer Academic Publishers.

• Book contributions (5)
  • Peters, H.J.M. & Wakker, P.P. (2010). Independence of Irrelevant Alternatives and Revealed Group Preferences (Extended abstract). In T. Ichiishi & A. Neyman (Eds.), Game Theory and Applications (pp. 404-406). New York: Academic Press.
  • Wakker, P.P. (2008). Uncertainty. In L. Blume & S.N. Durlauf (Eds.), The New Palgrave: A Dictionary of Economics (8) (pp. 428-439). Basingstoke: Palgrave MacMillan.
  • Wakker, P.P. (2004). Preference Axiomatizations for Decision under Uncertainty. In I. Gilboa (Ed.), Uncertainty in Economic Theory: Essays in Honor of David Schmeidler's 65 birthday (pp. 20-35). London: Routledge.
  • Schmeidler, D. & Wakker, P.P. (1987). Expected Utility and Mathematical Expectation. In J. Eatwell, M. Murray & P. Newman (Eds.), The New Palgrave: A Dictionary of Economics (pp. 229-232). London: The MacMillan Press.
  • Wakker, P.P. (1987). From Decision Making under Uncertainty to Game Theory. In H.J.M. Peters & K.J. Vrieze (Eds.), Surveys of Game Theory and Related Topics (pp. 163-180). Amsterdam: Centre for Mathematics and Computer Science.

• Professional publications
  • Wakker, P.P. (1995). Keuze-Theorie: Die Verdraaide Preferenties! Economisch-Statistische Berichten, 80/4000, 231-231.

• Editorial position (4)

  Journal	Journal of Risk and Uncertainty
  Role	Editor
  Start date	01-01-1992
  Journal	Management Science
  Role	Co-Editor
  Start date	01-01-2009
  Additional information	Peter Wakker is department editor
  Journal	Theory and Decision
  Role	Associate Editor
  Journal	Journal of Mathematical Psychology
  Role	Editor
  Start date	01-01-2005
  End date	31-12-2010

• ERIM Awards (1)

  Name	ERIM Book Award
  Year	2011
  Website	http://www.erim.eur.nl/index.php?id=10022