Keyword: prospect theory

Found 16 papers in total
Behavioral multi‐criteria decision analysis: the TODIM method with criteria interactions
Behavioral multi‐criteria decision analysis: the TODIM method with criteria interactions
2013,
In this paper a multi‐criteria decision aiding model is developed through the...
A Model of Casino Gambling
A Model of Casino Gambling
2012,
We show that prospect theory offers a rich theory of casino gambling, one that...
A Case‐Based Model of Probability and Pricing Judgments: Biases in Buying and Selling Uncertainty
A Case‐Based Model of Probability and Pricing Judgments: Biases in Buying and Selling Uncertainty
2012,
We integrate a case‐based model of probability judgment with prospect theory to...
Prospect Theory, Liquidation, and the Disposition Effect
Prospect Theory, Liquidation, and the Disposition Effect
2012,
There is a well‐known intuition linking prospect theory with the disposition...
Experienced vs. Described Uncertainty: Do We Need Two Prospect Theory Specifications?
Experienced vs. Described Uncertainty: Do We Need Two Prospect Theory Specifications?
2011,
This paper reports on the results of an experimental elicitation at the individual...
Portfolio Choice Under Cumulative Prospect Theory: An Analytical Treatment
Portfolio Choice Under Cumulative Prospect Theory: An Analytical Treatment
2011,
We formulate and carry out an analytical treatment of a single‐period portfolio...
Decision theory with prospect interference and entanglement
Decision theory with prospect interference and entanglement
2011,
We present a novel variant of decision making based on the mathematical theory of...
Additive utility in prospect theory
Additive utility in prospect theory
2009,
Prospect theory is currently the main descriptive theory of decision under...
Stochastic dominance and cumulative prospect theory
Stochastic dominance and cumulative prospect theory
2006,
We generalize and extend the second-order stochastic dominance condition for expected...
Violations of cumulative prospect theory in mixed gambles with moderate probabilities
Violations of cumulative prospect theory in mixed gambles with moderate probabilities
2006,
In a classroom choice experiment with mixed gambles and moderate probabilities, we...
New research into judgment and decision-making uncertainty – prospect theory
New research into judgment and decision-making uncertainty – prospect theory
2005,
For having integrated insights from psychological research into economic science,...
The data of Levy and Levy (2002) ‘Prospect theory: much ado about nothing?’ actually support prospect theory
The data of Levy and Levy (2002) ‘Prospect theory: much ado about nothing?’ actually support prospect theory
2003,
Levy and Levy present data that, according to their claims, violate prospect theory....
Prospect theory: Much ado about nothing?
Prospect theory: Much ado about nothing?
2002,
Prospect theory is a paradigm challenging the expected utility paradigm. One of the...
Prospect theory, mental accounting, and differences in aggregated and segregated evaluation of lottery portfolios
Prospect theory, mental accounting, and differences in aggregated and segregated evaluation of lottery portfolios
2001,
If individuals have to evaluate a sequence of lotteries, their judgment is influenced...
The impact of poor performance on risk-taking attitudes: A longitudinal study with a PLS causal modeling approach
The impact of poor performance on risk-taking attitudes: A longitudinal study with a PLS causal modeling approach
1997,
This article addresses some important issues in risk-return, or mean-variance,...
Solving the discrete multiple criteria problem using linear prospect theory
Solving the discrete multiple criteria problem using linear prospect theory
1994,
Prospect theory developed by Kahneman and Tversky is a popular model of choice in...
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