Empirical evaluation of third-generation prospect theory

DOI10.1007/S11238-017-9607-YMaRDI QIDQ683519zbMATH OpenOpenAlexFDO

Authors 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

willingness to pay (WTP)cumulative prospect theoryloss aversionprospect theoryendowment effectconfigural weightingwillingness to accept (WTA)

Mathematics Subject Classification ID

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

Recommendations

• Third-generation prospect theory
• Empirical evaluation of four models of buying and selling prices of gambles
• Advances in prospect theory: cumulative representation of uncertainty
• Money matters: an axiomatic theory of the endowment effect
• The effects of uncertainty on the WTA-WTP gap

Cites work

• scientific article; zbMATH DE number 1510510 (Why is no real title available?)
• A comparison of five models that predict violations of first-order stochastic dominance in risky decision making
• Advances in prospect theory: cumulative representation of uncertainty
• Empirical evaluation of four models of buying and selling prices of gambles
• Prospect Theory: An Analysis of Decision under Risk
• Prospect theory. For risk and ambiguity.
• Rank- and sign-dependent linear utility models for finite first-order gambles
• Testing descriptive utility theories: Violations of stochastic dominance and cumulative independence
• Third-generation prospect theory

Cited in

(5)

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

This page was built for publication: Empirical evaluation of third-generation prospect theory

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q683519)