Prospect Theory: Much Ado about Nothing?
Prospect theory is a paradigm challenging the expected utility paradigm. One of the fundamental components of prospect theory is the S-shaped value function. The value function is mainly justified by experimental investigation of the certainty equivalents of prospects confined either to the negative...
| Veröffentlicht in: | Management Science. - Institute for Operations Research and the Management Sciences, 1954. - 48(2002), 10, Seite 1334-1349 |
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| Format: | Online-Aufsatz |
| Sprache: | English |
| Veröffentlicht: |
2002
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| Zugriff auf das übergeordnete Werk: | Management Science |
| Schlagworte: | Prospect Theory Prospect Stochastic Dominance Markowitz Stochastic Dominance Behavioral sciences Economics Mathematics |
| Online verfügbar |
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