A note on the utility function under prospect theory

DOI10.1016/j.econlet.2007.08.004zbMath1255.91103OpenAlexW3124323518MaRDI QIDQ1934768

Sanjit Dhami, Ian Bradley, Ali al-Nowaihi

Publication date: 29 January 2013

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.econlet.2007.08.004

zbMATH Keywords

functional equationsprospect theorypreference homogeneity

Mathematics Subject Classification ID

Applications of mathematical programming (90C90) Utility theory (91B16)

Related Items (9)

A DESCRIPTIVE DECISION-MAKING MODEL UNDER UNCERTAINTY: COMBINATION OF DEMPSTER-SHAFER THEORY AND PROSPECT THEORY ⋮ All at once! A comprehensive and tractable semi-parametric method to elicit prospect theory components ⋮ Multi-choice goal programming with utility functions ⋮ Smart routing of electric vehicles for load balancing in smart grids ⋮ Prospect theory and tax evasion: a reconsideration of the Yitzhaki puzzle ⋮ Segregation and integration: a study of the behaviors of investors with extended value functions ⋮ AN ITERATIVITY CONDITION FOR THE MEAN-VALUE PRINCIPLE UNDER CUMULATIVE PROSPECT THEORY ⋮ Some covariance inequalities for non-monotonic functions with applications to mean-variance indifference curves and bank hedging ⋮ Evolutionary dynamics of compliance in a two-population game of auditors and taxpayers

Cites Work

• Advances in prospect theory: cumulative representation of uncertainty
• Prospect Theory: An Analysis of Decision under Risk
• The Probability Weighting Function
• Unnamed Item

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