The correct formula of 1979 prospect theory for multiple outcomes

DOI10.1007/S11238-022-09885-WMaRDI QIDQ2689840zbMATH OpenOpenAlexWikidataFDO

Authors Peter P. Wakker

Publication date 14 March 2023

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/s11238-022-09885-w

zbMATH Keywords

stochastic dominancemultiple outcomesprospect theoryseparable prospect theory

Mathematics Subject Classification ID

Utility theory (91B16)

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Cites work

• scientific article; zbMATH DE number 3276288 (Why is no real title available?)
• Advances in prospect theory: cumulative representation of uncertainty
• Computational aspects of prospect theory with asset pricing applications
• Erratum to: ``Hierarchical Bayesian parameter estimation for cumulative prospect theory
• Evolutionary stability of prospect theory preferences
• Expected utility theory and prospect theory: One wedding and a decent funeral
• Hierarchical Bayesian parameter estimation for cumulative prospect theory
• Naturally Occurring Preferences and Exogenous Laboratory Experiments: A Case Study of Risk Aversion
• On the Empirical Validity of Cumulative Prospect Theory: Experimental Evidence of Rank‐Independent Probability Weighting
• Prospect Theory: An Analysis of Decision under Risk
• Prospect theory for continuous distributions
• Prospect theory-based portfolio optimization: an empirical study and analysis using intelligent algorithms
• Testing theories of choice under risk: Estimation of individual functionals
• The descriptive and predictive adequacy of theories of decision making under uncertainty/ambiguity
• The framing of decisions and the psychology of choice
• Violations of the betweenness axiom and nonlinearity in probability

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