ComplexityA metropolitan area is a new form of urban development under the agglomeration effect and scale economy. The renewal and upgrading of urban spatial structures have brought new pressure to urban commuting.
Dai Xin, Tianshan Ma
doaj +2 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
doaj +2 more sources
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
doaj +2 more sources
Original and Cumulative Prospect Theory: A Discussion of Empirical Differences [PDF]
Journal of Behavioral Decision Making, 1997 This paper discusses di€erences between prospect theory and cumulative prospect theory. It shows that cumulative prospect theory is not merely a formal correction of some theoretical problems in prospect theory, but it also gives di€erent predictions ...
Fennema, H. (Hein), Wakker, P.P. (Peter)
core +5 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
doaj +2 more sources
Theory and DecisionAbstract We reconsider the foundations of expected utility without assuming the linearity of the independence axiom. We consider a decision-maker who cancels out common outcomes when comparing a pair of lotteries with the same probability tree.
Lasse Mononen
semanticscholar +3 more sources
Information Fusion, 2022 The risk assessment is one of the most significant procedures for identifying, preventing, and controlling Occupational Health and Safety (OHS) risks. One of many kinds of techniques for OHS risk assessment is based on the Fine-Kinney model.
Weizhong Wang +3 more
semanticscholar +3 more sources
Composite Prospect Theory: A proposal to combine ‘prospect theory’ and ‘cumulative prospect theory’ [PDF]
, 2010 Evidence shows that (i) people overweight low probabilities and underweight high probabilities, but (ii) ignore events of extremely low probability and treat extremely high probability events as certain.
Ali al-Nowaihi, Sanjit Dhami
core +1 more source
Explaining Managerial Incentives for Earnings Manipulation Using Cumulative Prospect Theory (Case Study: Companies Listed in Tehran Stock Exchange) [PDF]
مطالعات تجربی حسابداری مالی, 2021 Prospect theory explains how individuals’ feelings and preferences influence their decision-making. The purpose of this research was to investigate earnings manipulation incentives within companies listed in Tehran Stock Exchange using fourfold pattern ...
Fahime Ebrahimi +2 more
doaj +1 more source
Tests of Cumulative Prospect Theory with graphical displays of probability [PDF]
Judgment and Decision Making, 2008 Recent research reported evidence that contradicts cumulative prospect theory and the priority heuristic. The same body of research also violates two editing principles of original prospect theory: cancellation (the principle that people delete any ...
Michael H. Birnbaum +2 more
doaj +2 more sources