Self-Distancing Reduces Probability-Weighting Biases
Frontiers in Psychology, 2018 We have abundant evidence that people exhibit biases in weighting probability information. The current study aims to examine whether self-distancing would reduce these biases.
Qingzhou Sun +3 more
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Probability weighting function in experiment using graphically represented probability information
Journal of Human Environmental Studies, 2014 A psychological experiment was conducted to estimate probability weighting function whose stimuli were graphically presented. We conducted a modified experiment of Wu and Gonzalez (1996) study by using graphical representation of lotteries.
Hajime Murakami +4 more
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A Testing Method of Probability Weighting Functions From an Axiomatic Perspective [PDF]
Frontiers in Applied Mathematics and Statistics, 2018 This study presents a testing approach to examine various models of probability weighting functions that are considered nonlinear functions of probability in behavioral decision theory, such as prospect theory.
Kazuhisa Takemura +2 more
doaj +2 more sources
Moderate or severe aortic valve disease in patients with successful rheumatic mitral and tricuspid valve repair: Efforts to repair valveCentral MessagePerspective [PDF]
JTCVS OpenObjective: The management of aortic valve (AV) disease in patients with rheumatic heart disease (RHD) undergoing multivalve surgery remains uncertain. This study aimed to compare the long-term outcomes of AV repair versus AV replacement in patients with ...
Zhou Liu, MD +9 more
doaj +2 more sources
Technological and Economic Development of Economy, 2023 Probability weighting function (PWF) is the psychological probability of a decision-maker for objective probability, which reflects and predicts the risk preferences of decision-maker in behavioral decisionmaking.
Sheng Wu +4 more
doaj +1 more source
Non‐Monotonicity of the Tversky‐Kahneman Probability‐Weighting Function: A Cautionary Note
European Financial Management, 2008 Jonathan E. Ingersoll
exaly +2 more sources
Option Pricing with Mixed Lévy Subordinated Price Process and Implied Probability Weighting Function [PDF]
Jurnal derivate, 2019 It is essential to incorporate the impact of investor behavior when modeling the dynamics of asset returns. In this article, the authors reconcile behavioral finance and rational finance by incorporating investor behavior within the framework of dynamic ...
Abootaleb Shirvani +3 more
semanticscholar +1 more source
Probability Weighting Functions [PDF]
SSRN Electronic Journal, 2015 Cumulative prospect theory (CPT) has been proposed as an alternative to expected utility theory to explain irregular behavior by economic agents. CPT comprises two key transformations: one of outcome values and the other of objective probabilities. Risk attitudes are derived from the shapes of these transformations as well as their interaction.
Martina Nardon, Paolo Pianca
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Insurance and Probability Weighting Functions [PDF]
SSRN Electronic Journal, 2006 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. Decision models, such as rank dependent utility (RDU) and cumulative prospect theory (CP), use probability weighting functions.
Ali al-Nowaihi, Sanjit Dhami
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The Effect of Behavioral Probability Weighting in a Simultaneous Multi-Target Attacker-Defender Game [PDF]
European Control Conference, 2021 We consider a security game in a setting consisting of two players (an attacker and a defender), each with a given budget to allocate towards attack and defense, respectively, of a set of nodes.
Mustafa Abdallah +3 more
semanticscholar +1 more source