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...
Veröffentlicht in: | Management Science. - Institute for Operations Research and the Management Sciences, 1954. - 51(2005), 9, Seite 1346-1358 |
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Format: | Online-Aufsatz |
Sprache: | English |
Veröffentlicht: |
2005
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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... |
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