Advances in prospect theory: cumulative representation of uncertainty

DOI10.1007/BF00122574zbMath0775.90106WikidataQ29307544 ScholiaQ29307544MaRDI QIDQ1196177

Amos Tversky, Daniel Kahneman

Publication date: 17 December 1992

Published in: Journal of Risk and Uncertainty (Search for Journal in Brave)

Mathematics Subject Classification ID

Utility theory (91B16)

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A cumulative perceived value-based dynamic user equilibrium model considering the travelers' risk evaluation on arrival time ⋮ Risk preferences of Australian academics: where retirement funds are invested tells the story ⋮ Expected utility theory and inner and outer measures of loss aversion ⋮ When expectations become aspirations: reference-dependent preferences and liquidity constraints ⋮ Reconciling introspective utility with revealed preference: experimental arguments based on prospect theory ⋮ Discrete bipolar universal integrals ⋮ Marginal indemnification function formulation for optimal reinsurance ⋮ Inverse S-shaped probability weighting functions in first-price sealed-bid auctions ⋮ Risk averse decision making under catastrophic risk ⋮ Investment under duality risk measure ⋮ Modeling parking behavior under uncertainty: a static game theoretic versus a sequential neo-additive capacity modeling approach ⋮ Cumulative weighting optimization ⋮ On a decision rule supported by a forecasting stage based on the decision maker's coefficient of optimism ⋮ Risk pricing in a non-expected utility framework ⋮ Inverse portfolio problem with coherent risk measures ⋮ Do `big losses' in judgmental adjustments to statistical forecasts affect experts' behaviour? ⋮ Estimating risk preferences of bettors with different bet sizes ⋮ Upgrade auctions in build-to-order manufacturing with loss-averse customers ⋮ Portfolio optimization under loss aversion ⋮ Portfolio optimization with disutility-based risk measure ⋮ Optimal asset allocation: risk and information uncertainty ⋮ Probability weighting and L-moments ⋮ Allocation of tasks for reliability growth using multi-attribute utility ⋮ Comparing human behavior models in repeated Stackelberg security games: an extended study ⋮ From ambiguity aversion to a generalized expected utility. Modeling preferences in a quantum probabilistic framework ⋮ Risk decision analysis in emergency response: a method based on cumulative prospect theory ⋮ A monotone model of intertemporal choice ⋮ The leverage effect puzzle: the case of European sovereign credit default swap market ⋮ Power or loss aversion? Reinterpreting the bargaining weights in search and matching models ⋮ Emotional balance and probability weighting ⋮ Financial market equilibria with heterogeneous agents: CAPM and market segmentation ⋮ Utility maximization with a given pricing measure when the utility is not necessarily concave ⋮ Is there a plausible theory for decision under risk? A dual calibration critique ⋮ The foundations of probability with black swans ⋮ Consistent probability attitudes ⋮ Scale-free memory model for multiagent reinforcement learning. Mean field approximation and rock-paper-scissors dynamics ⋮ Loss aversion ⋮ On lottery sales, jackpot sizes and irrationality: a cautionary note ⋮ Financial market equilibria with cumulative prospect theory ⋮ Consumption paths under prospect utility in an optimal growth model ⋮ Optimistic and pessimistic decision making with dissonance reduction using interval-valued fuzzy sets ⋮ Sugeno integral based on absolutely monotone real set functions ⋮ Asymmetric integral as a limit of generated Choquet integrals based on absolutely monotone real set functions ⋮ Ambiguity aversion and the propensities for self-insurance and self-protection ⋮ Risk-neutral firms can extract unbounded profits from consumers with prospect theory preferences ⋮ Gradualness, uncertainty and bipolarity: making sense of fuzzy sets ⋮ Behavioral assumptions for a class of utility theories: a program of experiments ⋮ Separating curvature and elevation: a parametric probability weighting function ⋮ Fuzzy linear programming under interval uncertainty based on IFS representation ⋮ Hierarchical Bayesian parameter estimation for cumulative prospect theory ⋮ Dynamic portfolio choice and asset pricing with narrow framing and probability weighting ⋮ When normative and descriptive diverge: how to bridge the difference ⋮ Reconciling normative and behavioural economics: the problems to be solved ⋮ Optimal financial investments for non-concave utility functions ⋮ The role of fuzzy sets in decision sciences: old techniques and new directions ⋮ A characterization of the 2-additive Choquet integral through cardinal information ⋮ Parametric multi-attribute utility functions for optimal profit under risk constraints ⋮ Measuring the time stability of prospect theory preferences ⋮ Asset pricing in a Lucas fruit-tree economy with the best and worst in mind ⋮ A choice for `me' or for `us'? 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