Three New Tests of Independence That Differentiate Models of Risky Decision Making

This paper tests new "independence" properties to compare three models of risky decision making. According to the rank-affected multiplicative (RAM) weights model, all three properties should be satisfied; according to the transfer of attention exchange (TAX) model, two should be satisfied...

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Veröffentlicht in:	Management Science. - Institute for Operations Research and the Management Sciences, 1954. - 51(2005), 9, Seite 1346-1358
1. Verfasser:	Birnbaum, Michael H. (VerfasserIn)
Format:	Online-Aufsatz
Sprache:	English
Veröffentlicht:	2005
Zugriff auf das übergeordnete Werk:	Management Science
Schlagworte:	choice cumulative prospect theory decision making distribution independence expected utility paradoxes prospect theory rank-dependent utility Applied sciences Political science mehr... Mathematics Behavioral sciences Philosophy