- Tytuł:
- From expected utility theory to prospect theory: tracking down the experimental path after forty years
- Autorzy:
- Kalinowski, Sławomir
- Powiązania:
- https://bibliotekanauki.pl/articles/1181934.pdf
- Data publikacji:
- 2020
- Wydawca:
- Politechnika Wrocławska. Oficyna Wydawnicza Politechniki Wrocławskiej
- Tematy:
-
economic decisions under risk
expected utility theory
cumulative prospect theory
experimental economics - Opis:
- The expected utility theory axioms have been studied experimentally. Three of the experiments are a repetition of an earlier test in slightly changed circumstances, while the other two are original. The participants were incentivised with rewards, which did not happen in the replicated tests. The results confirmed the degeneration of the expected utility theory as a scientific research program. The evidence that resulted from the tests supported the hypothesis on the cumulative prospect theory predicting facts not forecasted by the EUT.
- Źródło:
-
Operations Research and Decisions; 2020, 30, 4; 39-56
2081-8858
2391-6060 - Pojawia się w:
- Operations Research and Decisions
- Dostawca treści:
- Biblioteka Nauki
Artykuł