𝔖 Bobbio Scriptorium
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Experimental tests of prospective reference theory

✍ Scribed by David Harless


Book ID
116101735
Publisher
Elsevier Science
Year
1993
Tongue
English
Weight
430 KB
Volume
43
Category
Article
ISSN
0165-1765

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πŸ“œ SIMILAR VOLUMES


A test of prospect theory
✍ Anne Toland; Patrick O’Neill πŸ“‚ Article πŸ“… 1983 πŸ› Elsevier Science 🌐 English βš– 180 KB
Reference dependence in cumulative prosp
✍ Ulrich Schmidt πŸ“‚ Article πŸ“… 2003 πŸ› Elsevier Science 🌐 English βš– 198 KB

A central feature of (cumulative) prospect theory is reference dependence, i.e. the value function depends on gains and losses relative to a status quo and not on final wealth positions as in expected utility theory. Until now, all theoretical work on prospect theory only considered a fixed status q