Curvature of the Probability Weighting Function
When individuals choose among risky alternatives, the psychological weight attached to an outcome may not correspond to the probability of that outcome. In rank-dependent utility theories, including prospect theory, the probability weighting function permits probabilities to be weighted nonlinearly....
| Veröffentlicht in: | Management Science. - Institute for Operations Research and the Management Sciences, 1954. - 42(1996), 12, Seite 1676-1690 |
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| Format: | Online-Aufsatz |
| Sprache: | English |
| Veröffentlicht: |
1996
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| Zugriff auf das übergeordnete Werk: | Management Science |
| Schlagworte: | Decision Making Expected Utility Nonexpected Utility Theory Prospect Theory Risk Risk Aversion Mathematics Applied sciences Behavioral sciences Economics |
| Online verfügbar |
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