Compound invariance implies prospect theory for simple prospects

DOI10.1016/J.JMP.2013.04.002MaRDI QIDQ2437250zbMATH OpenOpenAlexFDO

Authors Han Bleichrodt, Amit Kothiyal, Drazen Prelec, Peter P. Wakker

Publication date 3 March 2014

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

Full work available at URL http://hdl.handle.net/1721.1/99122

zbMATH Keywords

prospect theoryhyperbolic discountingdiscounted utilitycompound invariancehexagon condition

Mathematics Subject Classification ID

Decision theory (91B06) Measurement and performance in psychology (91E45)

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Cited in

(5)

• Composition rules in original and cumulative prospect theory
• Scalar utility theory and proportional processing: what does it actually imply?
• An experimental test of reduction invariance
• An extension of quasi-hyperbolic discounting to continuous time
• The correct formula of 1979 prospect theory for multiple outcomes

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