An empirical evaluation of Prelec's compound invariant functions as models of probability weighting in prospect theory
Prospect theory, which proposes both reference-dependent utilityand probability weighting, has proved to be the most successful ofseveral approaches to generalising nonnative expected utility theory. It has been widely adopted in the social sciences to explain risk behaviour, with applications rangi...
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University of Leeds
2006
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| Online Access: | http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.486090 |