Results 261 to 270 of about 171,696 (334)

Advances in prospect theory: Cumulative representation of uncertainty

Journal of Risk and Uncertainty, 1992
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
A. Tversky, D. Kahneman
semanticscholar   +5 more sources

Stochastic Dominance and Cumulative Prospect Theory

Management Science, 2006
We generalize and extend the second-order stochastic dominance condition for expected utility to cumulative prospect theory. The new definitions include preferences represented by S-shaped value functions, inverse S-shaped probability weighting functions, and loss aversion.
Manel Baucells, Franz H. Heukamp
openaire   +4 more sources

A simple model of cumulative prospect theory [PDF]

open access: possibleJournal of Mathematical Economics, 2009
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
U Schmidt, H Zank
openaire   +3 more sources

Decision Analysis with Cumulative Prospect Theory

Medical Decision Making, 2000
Background. Individuals sometimes express preferences that do not follow expected utility theory. Cumulative prospect theory adjusts for some phenomena by using decision weights rather than probabilities when analyzing a decision tree. Methods. The authors examined how probability transformations from cumulative prospect theory might alter a decision ...
A M, Bayoumi, D A, Redelmeier
openaire   +2 more sources

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