Behavioral weather insurance: Applying cumulative prospect theory to agricultural insurance design under narrow framing. [PDF]
PLoS ONE, 2020 Experience across many countries shows that, without large premium subsidies, crop insurance uptake rates are generally low. In this article, we propose to use the cumulative prospect theory to design weather insurance products for situations in which ...
Tobias Dalhaus +2 more
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An axiomatization of cumulative prospect theory [PDF]
Journal of Risk and Uncertainty, 1993 This paper presents a method for axiomatizing a variety of models for decision making under uncertainty, including Expected Utility and Cumulative Prospect Theory.
Peter P. Wakker, Amos Tversky
core +8 more sources
An Extended FMEA Model Based on Cumulative Prospect Theory and Type-2 Intuitionistic Fuzzy VIKOR for the Railway Train Risk Prioritization [PDF]
Entropy, 2020 This paper aims toward the improvement of the limitations of traditional failure mode and effect analysis (FMEA) and examines the crucial failure modes and components for railway train operation.
Yong Fu +4 more
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A cumulative prospect theory approach to car owner mode choice behaviour prediction
Transport, 2014 The uncertain transportation environment makes travel’s mode choice decision-making behaviour become a complex and alterable process. Based on the cumulative prospect theory, this paper analysed the long-standing use of utility theory for the travel’s ...
Shi An, Xiaowei Hu, Jian Wang
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Evolutionary game model based on cumulative prospect theory for information management mechanism in SIoT [PDF]
Heliyon, 2023 As nodes in Social Internet of Things (SIoT) become more intelligent, malicious information occurs more frequently and spreads more widely. This problem can severely affect the trustworthiness of services and applications in SIoT.
Shuting Liu, Yinghua Ma, Xiuzhen Chen
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Trapezoidal Intuitionistic Fuzzy Multiattribute Decision Making Method Based on Cumulative Prospect Theory and Dempster-Shafer Theory [PDF]
Journal of Applied Mathematics, 2014 With respect to decision making problems under uncertainty, a trapezoidal intuitionistic fuzzy multiattribute decision making method based on cumulative prospect theory and Dempster-Shafer theory is developed.
Xihua Li, Fuqiang Wang, Xiaohong Chen
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Evolutionary Game Analysis of Government and Residents' Participation in Waste Separation Based on Cumulative Prospect Theory. [PDF]
Int J Environ Res Public Health, 2022 Zhang L, Jiang Y, Wu J.
europepmc +3 more sources
Decision-making of construction workers' waste reduction behavior: a study based on Cost-Benefit Theory and Cumulative Prospect Theory [PDF]
Frontiers in PsychologyThe rapid advancement of industrialization and urbanization has led to a significant generation of construction waste, causing serious resource wastage and environmental pollution. To promote the sustainable development of the construction industry, this
Shuitai Xu +7 more
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Selection of renewable energy development path for sustainable development using a fuzzy MCDM based on cumulative prospect theory: the case of Malaysia [PDF]
Scientific ReportsMalaysia's excessive energy consumption has led to the depletion of traditional energy reserves such as oil and natural gas. Although Malaysia has implemented multiple policies to achieve sustainable national energy development, the current results are ...
Taikun Li, Hong Wang, Yonghui Lin
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Loss aversion and ruinous optimal wagers in cumulative prospect theory [PDF]
, 2017 We demonstrate that extant parametric specifications of Cumulative Prospect Theory exhibit counterfactual implications for optimal wagers at actuarially unfair odds.
David Peel, David R. Law
openalex +3 more sources