On the Empirical Validity of Cumulative Prospect Theory: Experimental Evidence of Rank‐Independent Probability Weighting

DOI10.3982/ECTA16646zbMath1466.91113OpenAlexW2997990222MaRDI QIDQ4992132

Charles Sprenger, B. Douglas Bernheim

Publication date: 7 June 2021

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.3982/ecta16646

zbMATH Keywords

prospect theoryrank dependencecumulative prospect theorycertainty equivalents

Mathematics Subject Classification ID

Utility theory (91B16)

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