On the predictions of cumulative prospect theory for third and fourth order risk preferences

DOI10.1007/s11238-022-09920-wzbMath1521.91112OpenAlexW4313400544MaRDI QIDQ6176322

Konstantinos Georgalos, David A. Peel, Ivan Paya

Publication date: 22 August 2023

Published in: Theory and Decision (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s11238-022-09920-w

zbMATH Keywords

experimentsreflection effectcumulative prospect theorydecision making under riskhigher-order risk preferences

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16)

Cites Work

• A tractable method to measure utility and loss aversion under prospect theory
• Apportioning of risks via stochastic dominance
• Advances in prospect theory: cumulative representation of uncertainty
• Risk apportionment: the dual story
• Gender, financial risk, and probability weights
• Exploring Higher Order Risk Effects
• Testing for Prudence and Skewness Seeking
• Higher Order Risk Attitudes, Demographics, and Financial Decisions
• Consistency of Higher Order Risk Preferences
• All over the map: A worldwide comparison of risk preferences
• The Dual Theory of Choice under Risk
• Risk Attitudes and Decision Weights

This page was built for publication: On the predictions of cumulative prospect theory for third and fourth order risk preferences