A note on the utility function under prospect theory

DOI10.1016/J.ECONLET.2007.08.004MaRDI QIDQ1934768zbMATH OpenOpenAlexFDO

Authors Ian Bradley, Sanjit Dhami, Ali al-Nowaihi

Publication date 29 January 2013

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2007.08.004

zbMATH Keywords

functional equationsprospect theorypreference homogeneity

Mathematics Subject Classification ID

Applications of mathematical programming (90C90) Utility theory (91B16)

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Cites work

• scientific article; zbMATH DE number 3617833 (Why is no real title available?)
• Advances in prospect theory: cumulative representation of uncertainty
• Prospect Theory: An Analysis of Decision under Risk
• The Probability Weighting Function

Cited in

(16)

• A descriptive decision-making model under uncertainty: combination of Dempster-Shafer theory and prospect theory
• Multi-choice goal programming with utility functions
• Prospect theory and tax evasion: a reconsideration of the Yitzhaki puzzle
• A parametric analysis of prospect theory's functionals for the general population
• AN ITERATIVITY CONDITION FOR THE MEAN-VALUE PRINCIPLE UNDER CUMULATIVE PROSPECT THEORY
• Characterization of positive homogeneity for the principle of equivalent utility
• Optimizing hedonic editing for multiple outcomes: an algorithm
• On the potential for observational equivalence in experiments on risky choice when a power value function is assumed
• Evolutionary dynamics of compliance in a two-population game of auditors and taxpayers
• Proposing a Normative Basis for the S-Shaped Value Function
• The expo-power value function as a candidate for the work-horse specification in parametric versions of cumulative prospect theory
• The domain and interpretation of utility functions: An exploration
• All at once! A comprehensive and tractable semi-parametric method to elicit prospect theory components
• Segregation and integration: a study of the behaviors of investors with extended value functions
• Smart routing of electric vehicles for load balancing in smart grids
• Some covariance inequalities for non-monotonic functions with applications to mean-variance indifference curves and bank hedging

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