Primate anterior insular cortex represents economic decision variables proposed by prospect theory [PDF]
Nature Communications, 2022 Prospect theory predicts irrational effects in human decision-making, but relies on ad-hoc assumptions. Here, authors provide a neural basis for this by showing that anterior insular cortex encodes key economic variables proposed by prospect theory.
You-Ping Yang, Xinjian Li, Veit Stuphorn
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Additive Utility in Prospect Theory [PDF]
Management Science, 2009 Prospect theory is currently the main descriptive theory of decision under uncertainty. It generalizes expected utility by introducing nonlinear decision weighting and loss aversion. A difficulty in the study of multiattribute utility under prospect theory is to determine when an attribute yields a gain or a loss.
Han Bleichrodt, Horst Zank
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Tests of Cumulative Prospect Theory with graphical displays of probability [PDF]
Judgment and Decision Making, 2008 Recent research reported evidence that contradicts cumulative prospect theory and the priority heuristic. The same body of research also violates two editing principles of original prospect theory: cancellation (the principle that people delete any ...
Michael H. Birnbaum +2 more
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Explaining Managerial Incentives for Earnings Manipulation Using Cumulative Prospect Theory (Case Study: Companies Listed in Tehran Stock Exchange) [PDF]
مطالعات تجربی حسابداری مالی, 2021 Prospect theory explains how individuals’ feelings and preferences influence their decision-making. The purpose of this research was to investigate earnings manipulation incentives within companies listed in Tehran Stock Exchange using fourfold pattern ...
Fahime Ebrahimi +2 more
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Separating response variability from structural inconsistency to test models of risky decision making [PDF]
Judgment and Decision Making, 2012 Individual true and error theory assumes that responses by the same person to the same choice problem within a block of trials are based on the same true preferences but may show preference reversals due to random error.
Michael H. Birnbaum, Jeffrey P. Bahra
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Narcissism, risk and uncertainties: analysis in the light of prospect and fuzzy-trace theories [PDF]
RAUSP Management Journal, 2021 Purpose – This study aims to analyze the relationship between the nonpathological traits of narcissism and decisions under conditions of uncertainty and risk in light of the prospect (PT) and fuzzy-trace theories (FTT). Design/methodology/approach – This
Márcia Figueredo D’Souza +1 more
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Safety state evaluation method of the highway tunnel structure
Heliyon, 2023 This study proposes an evaluation method for the structural safety of expressway tunnels utilizing possibility and prospect theories to address the influence of multiple indicators on the structural safety of expressway tunnels and the imprecision of ...
Hailin Liu
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The effect of prospect theory value on asset returns on the Borsa Istanbul
Borsa Istanbul Review, 2023 The goal of this study is to test the validity of the prospect theory in the Borsa Istanbul (BIST) over the sample period September 2009 to December 2019.
Ebubekir Mollaahmetoğlu, Erdinç Altay
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Digital Characteristics of Microstructure of Diamond—Silicon Carbide Composites
Ceramics, 2023 As an example of the implementation of digital materials science approaches based on statistical processing of electron micrographs with the analysis of fractal parameters, the digital characteristics of microstructure of diamond–silicon carbide ceramic ...
Andrey G. Chekuryaev +3 more
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Priorities and Prospect Theory [PDF]
The European Journal of Health Economics, 2002 Whose preferences are to be used for cost-effectiveness analysis? It has been recommended that community preferences for health states are the most appropriate ones for use in a reference case analysis. However, critics maintain that persons are not able properly to judge a health state if they have not experienced the condition themselves.
M, Happich, B, Mazurek
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