An axiomatization of cumulative prospect theory for decision under risk
From MaRDI portal
Publication:1962683
DOI10.1023/A:1007886529870zbMath0939.91024OpenAlexW2166201998MaRDI QIDQ1962683
Alain Chateauneuf, Peter P. Wakker
Publication date: 31 January 2000
Published in: Journal of Risk and Uncertainty (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1023/a:1007886529870
prospect theorycomonotonicitytradeoff consistencyrank-dependent utilityrank-dependencesign-dependence
Related Items
Causes of Allais common consequence paradoxes: an experimental dissection, Introduction to the special issue in honor of Peter Wakker, Expected utility with threshold disappointment sensitivity, Risk averse decision making under catastrophic risk, A simple model of cumulative prospect theory, A further critique of cumulative prospect theory and related approaches, Social welfare functions with a reference income, Characterizations of risk aversion in cumulative prospect theory, Reference dependence in cumulative prospect theory., Source and rank-dependent utility, On the Geometry of Nash and Correlated Equilibria with Cumulative Prospect Theoretic Preferences, A rank-dependent generalization of zero utility principle., Fuzzy logic-based generalized decision theory with imperfect information, Extreme events and entropy: a multiple quantile utility model, On the determination of strength of belief for decision support under uncertainty. I: Generating strengths of belief., What impacts the impact of rare events, Risk behavior for gain, loss, and mixed prospects, Prospect theory for continuous distributions: a preference foundation, On probabilities and loss aversion, An index of loss aversion, A new axiomatization of rank-dependent expected utility with tradeoff consistency for equally likely outcomes, An integrated operation module for individual risk management, A revealed reference point for prospect theory, A representation of a comonotone-\(\ovee\)-additive and monotone functional by two Sugeno integrals., BEHAVIORAL PORTFOLIO CHOICE UNDER HYPERBOLIC ABSOLUTE RISK AVERSION, Loss averse behavior, Choices under ambiguity with familiar and unfamiliar outcomes
