Prospect

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چکیده

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In many theories of decision under risk (e.g., expected utility theory, rank dependent utility theory, and prospect theory) the utility or value of a prospect is independent of other prospects or options in the choice set. The experiments presented here show a large effect of the available options set, suggesting instead that prospects are valued relative to one another. The judged certainty eq...

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ژورنال

عنوان ژورنال: The Northern Review

سال: 2017

ISSN: 0835-3433,1929-6657

DOI: 10.22584/nr46.2017.032