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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
exaly   +3 more sources

Advances in prospect theory: Cumulative representation of uncertainty

Journal of Risk and Uncertainty, 1992
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Amos Tversky, Daniel Kahneman
exaly   +3 more sources

On complementary symmetry under Cumulative Prospect Theory

Journal of Mathematical Psychology, 2020
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Jacek Chudziak
exaly   +3 more sources

Cumulative prospect theory's functional menagerie

Journal of Risk and Uncertainty, 2006
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
exaly   +3 more sources

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