Empirical evaluation of third-generation prospect theory

DOI10.1007/s11238-017-9607-yzbMath1395.91178OpenAlexW2623568618MaRDI QIDQ683519

Michael H. Birnbaum

Publication date: 8 February 2018

Published in: Theory and Decision (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s11238-017-9607-y

zbMATH Keywords

loss aversionprospect theoryendowment effectcumulative prospect theorywillingness to pay (WTP)configural weightingwillingness to accept (WTA)

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16)

Related Items (4)

A one-line proof for complementary symmetry ⋮ On reference dependence and complementary symmetry ⋮ Three-way decision based on third-generation prospect theory with Z-numbers ⋮ A consequence of complementary symmetry

Cites Work

• Unnamed Item
• Empirical evaluation of four models of buying and selling prices of gambles
• A comparison of five models that predict violations of first-order stochastic dominance in risky decision making
• Third-generation prospect theory
• Rank- and sign-dependent linear utility models for finite first-order gambles
• Advances in prospect theory: cumulative representation of uncertainty
• Testing descriptive utility theories: Violations of stochastic dominance and cumulative independence
• Prospect Theory
• Prospect Theory: An Analysis of Decision under Risk

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