Results 31 to 40 of about 171,696 (334)
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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Conditioning and Updating Under Cumulative Prospect Theory [PDF]
SSRN Electronic Journal, 2010 Under expected utility theory, unconditional expected utility can be decomposed into a weighted sum of conditional expected utilities where the weights are marginal probabilities. We derive necessary and sufficient conditions for a similar decomposition in the framework of Cumulative Prospect Theory (CPT).
Stomper, Alex, Vierø, Marie-Louise
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The effects of losses and event splitting on the Allais paradox [PDF]
Judgment and Decision Making, 2007 The Allais Paradox, or common consequence effect, has been a standard challenge to normative theories of risky choice since its proposal over 60 years ago. However, neither its causes nor the conditions necessary to create the effect are well understood.
Bethany J. Weber
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A cumulative prospect theory approach to car owner mode choice behaviour prediction
Transport, 2014 The uncertain transportation environment makes travel’s mode choice decision-making behaviour become a complex and alterable process. Based on the cumulative prospect theory, this paper analysed the long-standing use of utility theory for the travel’s ...
Shi An, Xiaowei Hu, Jian Wang
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Financial market equilibria with cumulative prospect theory [PDF]
Journal of Mathematical Economics, 2009 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
De Giorgi, Enrico +2 more
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Pseudo-Analysis as a Tool of Information Processing
Proceedings, 2022 The theory of the pseudo-analysis is based on a special real semiring (called also tropical semiring). This theory enables a unified approach to three important problems as nonlinearity, uncertainty and optimization, with many applications.
Endre Pap
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Multi-Period Investment Strategies under Cumulative Prospect Theory [PDF]
Journal of Risk and Financial Management, 2019 In this article, inspired by Shi et al., we investigate the optimal portfolio selection with one risk-free asset and one risky asset in a multiple period setting under the cumulative prospect theory (CPT) risk criterion. Compared with their study, our novelty is that we consider a stochastic benchmark and portfolio constraints.
Liurui Deng, Traian Pirvu
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The prediction of exit choice using cumulative prospect value
Journal of Safety Science and Resilience, 2023 Exit choice is essential for pedestrian safety and evacuation efficiency during the context of an emergency. Cumulative prospect theory is a widespread realistic decision-making theory that can transform choice outcomes and probabilities into subjective ...
Dongli Gao +5 more
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Discrete Dynamics in Nature and Society, 2021 The cumulative prospect theory provides a better description for route choice behavior of the travelers in an uncertain road network environment. In this study, we proposed a multiclass cumulative prospect value- (CPV-) based cross-nested logit (CNL ...
Dongmei Yan, Yang Yang
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Bidding decision in land auction using prospect theory
International Journal of Strategic Property Management, 2015 Land auction is widely practiced in company and government decisions, especially in China. Bidders are always faced with two or more auctions in the period of a decision cycle. The outcome of the auction is under high risk. The bidder's risk attitude and
Yanyan Peng, Xinwang Liu
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