Compound invariance implies prospect theory for simple prospects

DOI10.1016/J.JMP.2013.04.002zbMATH Open1284.91114OpenAlexW1978736399MaRDI QIDQ2437250FDOQ2437250

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

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zbMATH Keywords

prospect theoryhyperbolic discountingdiscounted utilitycompound invariancehexagon condition

Mathematics Subject Classification ID

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

Cites Work

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Cited In (5)

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

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