Composition rules in original and cumulative prospect theory

DOI10.1007/S11238-022-09873-0MaRDI QIDQ2125255zbMATH OpenOpenAlexFDO

Authors Richard Gonzalez, George Wu

Publication date 13 April 2022

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

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.1007/s11238-022-09873-0

zbMATH Keywords

composition rulesprobability weighting functionprospect theoryrank-dependent expected utility

Mathematics Subject Classification ID

Utility theory (91B16)

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Cites work

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• Separating marginal utility and probabilistic risk aversion
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• The data of Levy and Levy (2002) ``Prospect theory: much ado about nothing? actually support prospect theory
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Cited in

(1)

• The correct formula of 1979 prospect theory for multiple outcomes

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