Results 291 to 300 of about 128,515 (336)

A simple model of cumulative prospect theory [PDF]

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

Some of the next articles are maybe not open access.

Related searches:

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   +2 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

Pricing insurance contracts under Cumulative Prospect Theory

Insurance: Mathematics and Economics, 2012
In the paper, a new premium principle is introduced. This premium principle is based on Cumulative Prospect Theory by \textit{D. Kahneman} and \textit{A. Tversky}, [Econometrica 47, 313--327 (1979; Zbl 0411.90012)]. The various properties of this new premium principle are examined in the text.
Kaluszka, Marek, Krzeszowiec, Michał
openaire   +1 more source

Reference dependence in cumulative prospect theory

Journal of Mathematical Psychology, 2003
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
openaire   +1 more source

On complementary symmetry under Cumulative Prospect Theory

Journal of Mathematical Psychology, 2020
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
openaire   +2 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.
Tversky, Amos, Kahneman, Daniel
openaire   +2 more sources

Cumulative Prospect Theory, Option Returns, and the Variance Premium

The Review of Financial Studies, 2018
Abstract We develop a tractable equilibrium asset pricing model with cumulative prospect theory (CPT) preferences. Using GMM on a sample of U.S. equity index option returns, we show that by introducing a single common probability weighting parameter for both tails of the return distribution, the CPT model can simultaneously generate the ...
Baele, Lieven, Driessen, Joost, Ebert, Sebastian, Londono, Juan M., Spalt, Oliver   +4 more
openaire   +4 more sources

Cumulative prospect theory's functional menagerie

Journal of Risk and Uncertainty, 2006
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
openaire   +2 more sources

Temporal Stability of Cumulative Prospect Theory

SSRN Electronic Journal, 2019
We evaluate the hypothesis of temporal stability in risk preferences using two recent data sets from longitudinal lab experiments. Both experiments included a combination of decision tasks that allows one to identify a full set of structural parameters characterizing risk preferences under Cumulative Prospect Theory (CPT), including loss aversion.
Lau, Morten I, Yoo, Hong Il, Zhao, Hongming   +2 more
openaire   +1 more source