A closer look at the Russian roulette problem: a re-examination of the nonlinearity of the prospect theory's decision weight \(\pi \)

DOI10.1016/j.ijar.2008.10.004zbMath1186.91068OpenAlexW2086737707WikidataQ58364670 ScholiaQ58364670MaRDI QIDQ962872

Shu Li, Li-Bo Li, Li-Lin Rao, Jie-Hong Xu, Shu-Hong He

Publication date: 7 April 2010

Published in: International Journal of Approximate Reasoning (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.ijar.2008.10.004

zbMATH Keywords

1979 version of prospect theory1992 version of prospect theorydecision weight \(\pi \)decision weight \(w\)Russian roulette problem

Mathematics Subject Classification ID

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

Related Items (1)

Extreme events and entropy: a multiple quantile utility model

Cites Work

• A behavioral choice model when computational ability matters
• A further critique of cumulative prospect theory and related approaches
• Similarity and decision-making under risk (Is there a utility theory resolution to the Allais paradox?)
• Advances in prospect theory: cumulative representation of uncertainty
• Generalized similarity judgements: An alternative explanation for choice anomalies
• Arrow-Pratt risk aversion, risk premium and decision weights
• Prospect Theory: An Analysis of Decision under Risk
• Curvature of the Probability Weighting Function
• Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine
• Exposition of a New Theory on the Measurement of Risk
• A further examination of cumulative prospect theory parameterizations

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