Reference dependence in cumulative prospect theory.

DOI10.1016/S0022-2496(02)00015-9MaRDI QIDQ1398446zbMATH OpenOpenAlexFDO

Authors Ulrich Schmidt

Publication date 29 July 2003

Published in Journal of Mathematical Psychology (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/s0022-2496(02)00015-9

zbMATH Keywords

Cumulative prospect theoryReference dependenceRisk aversion

Mathematics Subject Classification ID

Decision theory (91B06)

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Cites work

• A Genuine Rank-Dependent Generalization of the Von Neumann-Morgenstern Expected Utility Theorem
• A note on deriving rank-dependent utility using additive joint receipts
• Advances in prospect theory: cumulative representation of uncertainty
• An axiomatization of cumulative prospect theory
• An axiomatization of cumulative prospect theory for decision under risk
• Curvature of the Probability Weighting Function
• scientific article; zbMATH DE number 41812 (Why is no real title available?)
• scientific article; zbMATH DE number 1510510 (Why is no real title available?)
• Nonlinear Decision Weights in Choice Under Uncertainty
• Prospect Theory: An Analysis of Decision under Risk
• Rank- and sign-dependent linear utility models for finite first-order gambles
• Risk Attitudes and Decision Weights
• Separating marginal utility and probabilistic risk aversion
• Violations of the independence axiom in common ratio problems: An experimental test of some competing hypotheses

Cited in

(15)

• An index of loss aversion
• Decision-foundations for properties of nonadditive measures: general state spaces or general outcome spaces
• On probabilities and loss aversion
• A revealed reference point for prospect theory
• Aspirations as reference points: an experimental investigation of risk behavior over time
• A preference foundation for constant loss aversion
• Reference-dependent utility with shifting reference points and incomplete preferences
• An axiomatic characterization of value judgments relative to a reference point
• Loss aversion and perceptual risk aversion
• Axiomatic reference-dependence in behavior toward others and toward risk
• Shifts of reference points for framing of strategic decisions and changing risk-return associations
• Money matters: an axiomatic theory of the endowment effect
• Utility independence of multiattribute utility theory is equivalent to standard sequence invariance of conjoint measurement
• Reference-dependent expected utility with incomplete preferences
• A simple model of cumulative prospect theory

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