Prospect theory for continuous distributions

DOI10.1007/S11166-007-9029-2MaRDI QIDQ2481255zbMATH OpenOpenAlexFDO

Authors Marc Oliver Rieger, Mei Wang

Publication date 9 April 2008

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

Full work available at URL https://www.zora.uzh.ch/id/eprint/4268/3/PT-continuous.pdf

zbMATH Keywords

ContinuityCumulative prospect theoryFirst-order stochastic dominanceProbability weightingProspect theory

Mathematics Subject Classification ID

Stochastic models in economics (91B70)

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Cites work

• A comparison of five models that predict violations of first-order stochastic dominance in risky decision making
• Advances in prospect theory: cumulative representation of uncertainty
• Coalescing, event commutativity, and theories of utility
• Common consequence conditions in decision making under risk
• Cumulative prospect theory and the St. Petersburg paradox
• Curvature of the Probability Weighting Function
• Existence and uniqueness of monotone measure-preserving maps
• Prospect Theory: An Analysis of Decision under Risk
• Testing prospect theories using probability tradeoff consistency
• The framing of decisions and the psychology of choice
• Unbounded Utility for Savage's “Foundations of Statistics,” and Other Models
• Violations of the betweenness axiom and nonlinearity in probability

Cited in

(10)

• Comment on Cenci et al. (2015): ``Half-full or half-empty? A model of decision making under risk
• Optimal inequality behind the veil of ignorance
• European option pricing under cumulative prospect theory with constant relative sensitivity probability weighting functions
• Behavioral premium principles
• Non-cooperative games with prospect theory players and dominated strategies
• Evolutionary stability of prospect theory preferences
• The correct formula of 1979 prospect theory for multiple outcomes
• scientific article; zbMATH DE number 3965767 (Why is no real title available?)
• Prospect theory-based portfolio optimization: an empirical study and analysis using intelligent algorithms
• Prospect theory for continuous distributions: a preference foundation

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