An Empirical Test of Gain-Loss Separability in Prospect Theory
We investigate a basic premise of prospet theory: that the evaluation of gains and losses is separable. In prospect theory, gain-loss separability implies that a mixed gamble is valued by summing the valuations of the gain and loss portions of the gamble. Two experimental studies demonstrate a syste...
| Veröffentlicht in: | Management Science. - Institute for Operations Research and the Management Sciences, 1954. - 54(2008), 7, Seite 1322-1335 |
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| Format: | Online-Aufsatz |
| Sprache: | English |
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2008
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| Zugriff auf das übergeordnete Werk: | Management Science |
| Schlagworte: | risky choice prospect theory mixed gambles double matching probability weighting function Behavioral sciences Mathematics Applied sciences |
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