Visualisation of multi-dimensional dataset can be very useful for data mining purposes. This paper describes a simple visualisation technique to reduce a high dimensional dataset into a 3D space. Our aim is to design a method that is simple, easy, computationally cost-e ective and able to give a reasonable visualisation of the dataset. The original dataset is projected to a lower dimensional sp...

In previous models of (cumulative) prospect theory reference-dependence of preferences is imposed beforehand and the location of the reference point is exogenously determined. This note provides a foundation of prospect theory, where reference-dependence is derived from preference conditions and a unique reference point arises endogenously.