Correction to: Reformulating prospect theory to become a von Neumann–Morgenstern theory
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چکیده
منابع مشابه
applying transitivity theory to gender analysis of efl textbook: : a comparative study.
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This paper presents a new approach to decision-making under risk. Preference over risky prospects is defined as a triadic reference-dependent relation in a sense similar to Sugden (2003). Characterized by a set of von Neumann-Morgenstern-style axioms, a new reference-dependent representation theory – called compound utility theory (CUT) – is obtained which accommodates nonlinear preferences (in...
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The correct control of security often depends on decisions under uncertainty. Using quantified information about risk, one may hope to achieve more precise control by making better decisions. We discuss and examine how Prospect Theory, the major descriptive theory of risky decisions, predicts such decisions will go wrong and if such problems may be corrected. 1 Can security decisions go wrong? ...
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The aim of this chapter is to revisit an experiment of Kahneman and Tversky (1992) to arrive at conclusions about Prospect theory and the ways of human thinking, but using a fuzzy approach, especially the compensatory one. New results shall be proved and others well-known shall be changed or confirmed. The study comprises the examination of logical predicates like those expressed by the followi...
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ژورنال
عنوان ژورنال: Review of Quantitative Finance and Accounting
سال: 2020
ISSN: 0924-865X,1573-7179
DOI: 10.1007/s11156-020-00932-7