Testing prospect theories using probability tradeoff consistency

DOI10.1007/s11166-005-6561-9zbMath1124.91312OpenAlexW2024628047MaRDI QIDQ813044

George Wu, Jiao Zhang, Mohammed Abdellaoui

Publication date: 30 January 2006

Published in: Journal of Risk and Uncertainty (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s11166-005-6561-9

zbMATH Keywords

decision under riskprobability weighting function

Mathematics Subject Classification ID

Decision theory (91B06) Probabilistic games; gambling (91A60)

Related Items (9)

Composition rules in original and cumulative prospect theory ⋮ A further critique of cumulative prospect theory and related approaches ⋮ Mixture independence foundations for expected utility ⋮ Half-full or half-empty? A model of decision making under risk ⋮ Prospect and Markowitz stochastic dominance ⋮ Third-generation prospect theory ⋮ Prospect theory for continuous distributions ⋮ On probabilities and loss aversion ⋮ Eliciting decision weights by adapting de Finetti's betting-odds method to prospect theory

Cites Work

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• Choice by elimination
• Parameter-Free Elicitation of Utility and Probability Weighting Functions
• Prospect Theory: Much Ado About Nothing?
• The Data of Levy and Levy (2002) “Prospect Theory: Much Ado About Nothing?” Actually Support Prospect Theory
• An Empirical Test of Gain-Loss Separability in Prospect Theory
• Subjective Probability and Expected Utility without Additivity
• "Expected Utility" Analysis without the Independence Axiom
• Prospect Theory: An Analysis of Decision under Risk
• Curvature of the Probability Weighting Function
• The Probability Weighting Function
• Myopic Loss Aversion and the Equity Premium Puzzle
• A Genuine Rank-Dependent Generalization of the Von Neumann-Morgenstern Expected Utility Theorem

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