A Review of Prospect Theory
نویسندگان
چکیده
منابع مشابه
a review of the implications of prospect theory for natural hazards and disaster planning
light is never being distributed homogeneously and it forms a gradient over biomass. the unidirectional nature of light gives rise to a vertical gradient of light intensity as a function of depth. the maximum depth of the light zone suitable for phytoplankton photosynthesis is designated as the euphotic depth. this study was designed to test the hypothesis of mixing depth of phytoplankton and i...
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We present a new theory of decision under uncertainty: third-generation prospect theory (PT). This retains the predictive power of previous versions of prospect theory, but extends that theory by allowing reference points to be uncertain while decision weights are specified in a rank-dependent way. We show that PT preferences respect a state-conditional form of stochastic dominance. The theory ...
متن کاملPrediction using Prospect Theory
In this report, we consider prediction of an agent’s preferences over risky monetary outcomes using Prospect Theory. We suppose that for a given agent we have data on previous prospects that the agent has accepted or declined. Based on this information, we would like to predict whether the agent will accept some new prospect X∗. This amounts to learning a value function v and probability weight...
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ژورنال
عنوان ژورنال: Journal of Human Resource and Sustainability Studies
سال: 2019
ISSN: 2328-4862,2328-4870
DOI: 10.4236/jhrss.2019.71007