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Cumulative prospect theory and the St. Petersburg paradox [PDF]
Economic Theory, 2006 Economic Theory, 28 (3)
Rieger, M, Wang, M
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Axioms, 2023 Addressing the complex issue of multi-attribute decision-making within a probabilistic dual hesitant fuzzy context, where attribute weights are unknown, a novel decision-making method based on cumulative prospect theory is proposed, named the ...
Wenyu Zhang, Yuting Zhu
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An axiomatization of cumulative prospect theory [PDF]
Journal of Risk and Uncertainty, 1993 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Wakker, P.P., Tversky, A.
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Cumulative Prospect Theory Version with Fuzzy Values of Outcome Estimates
Risks, 2021 Choosing solutions under risk and uncertainty requires the consideration of several factors. One of the main factors in choosing a solution is modeling the decision maker’s attitude to risk. The expected utility theory was the first approach that allowed
Oleg Uzhga-Rebrov, Peter Grabusts
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Cumulative prospect theory and deferred annuities [PDF]
Review of Behavioral Finance, 2019 Purpose Although it has been proved theoretically that annuities can provide optimal consumption during one’s retirement period, retirees’ reluctance to purchase annuities is a long-standing puzzle. The purpose of this paper is to use behavioral model to analyze the low demand for immediate annuities.
Chen, A., Haberman, S., Thomas, S.
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Study on the Optimal Strategy of Missile Interception
IEEE Access, 2021 Missiles have been playing an important role in modern wars. In order to gain advantage in missile contests, the technology of missile interception have been developed for many years. However, constrained by current technology, it is still very difficult
Kaiye Gao, Xiangbin Yan
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The Use of Prospect Theory for Energy Sustainable Industry 4.0
Energies, 2021 Industry 4.0 challenges facilities entrepreneurs to be competitive in the market in terms of energy by rational decision making. The goal of the paper is aimed at introducing Prospect Theory (PT) in Industry 4.0 for making decisions in order to select an
Aldona Kluczek +2 more
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Identification of cumulative prospect theory parameters for mode choice model [PDF]
MATEC Web of Conferences, 2019 The use of Cumulative Prospect Theory (CPT) in decision making related to transportation risk is still much debated. Mainly because of the travel and socio-economic characteristics of the traveller it possible for different responses to the specified ...
Indriany Sylvia +3 more
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An Interval-Valued Three-Way Decision Model Based on Cumulative Prospect Theory
AppliedMath, 2023 In interval-valued three-way decision, the reflection of decision-makers’ preference under the full consideration of interval-valued characteristics is particularly important. In this paper, we propose an interval-valued three-way decision model based on
Hongli Zhou, Xiao Tang, Rongle Zhao
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Shanghai Jiaotong Daxue xuebao, 2022 General uninhabited aerial vehicle (UAV) situation assessment methods do not consider the influence of complex external environment on the decision-maker, and usually only get the ranking results of the evaluation.
LI Weiwei, GAO Peixue, CHEN Jin, LU Yuqing
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