Empirical evaluation of third-generation prospect theory

DOI10.1007/S11238-017-9607-YzbMATH Open1395.91178OpenAlexW2623568618MaRDI QIDQ683519FDOQ683519

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

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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)

Cites Work

• Prospect theory. For risk and ambiguity.
• Advances in prospect theory: cumulative representation of uncertainty
• Prospect Theory: An Analysis of Decision under Risk
• Third-generation prospect theory
• Title not available (Why is that?)
• A comparison of five models that predict violations of first-order stochastic dominance in risky decision making
• Rank- and sign-dependent linear utility models for finite first-order gambles
• Testing descriptive utility theories: Violations of stochastic dominance and cumulative independence
• Empirical evaluation of four models of buying and selling prices of gambles

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

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