Violations of cumulative prospect theory in mixed gambles with moderate probabilities

DOI10.1287/MNSC.1050.0544zbMATH Open1232.91208OpenAlexW2027076581MaRDI QIDQ3115993FDOQ3115993

Thierry Post, Guido Baltussen, Pim van Vliet

Publication date: 21 February 2012

Published in: Management Science (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1287/mnsc.1050.0544

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zbMATH Keywords

expected utilitycumulative prospect theorymixed gambles

Mathematics Subject Classification ID

Utility theory (91B16) Experimental studies (91A90) Probabilistic games; gambling (91A60)

Cited In (8)

• Constraints on the representation of gambles in prospect theory
• The bipolar Choquet integral representation
• Basic Geometric Dispersion Theory of Decision Making Under Risk: Asymmetric Risk Relativity, New Predictions of Empirical Behaviors, and Risk Triad
• The valuation ``by-tranche of composite investment instruments
• Apportioning of risks via stochastic dominance
• Half-full or half-empty? A model of decision making under risk
• Risk behavior for gain, loss, and mixed prospects
• Loss aversion and the price of risk

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