Powered by OpenAIRE graph
Found an issue? Give us feedback
 View all 5 versions
Claim

Violations of Cumulative Prospect Theory in Mixed Gambles with Moderate Probabilities

descriptionPublicationkeyboard_double_arrow_right Part of book or chapter of book , Article 01 Aug 2006 Netherlands Publisher:World Scientific Pub Co Pte LtdJournal:Management Science, volume 52, pages 1,288-1,290 (issn: 0025-1909, eissn: 1526-5501, Copyright policy )
Authors: Guido Baltussen; Thierry Post; Pim van Vliet;

doi: 10.1142/9789814417358_0010 , 10.1287/mnsc.1050.0544

Violations of Cumulative Prospect Theory in Mixed Gambles with Moderate Probabilities

Abstract

In a classroom choice experiment with mixed gambles and moderate probabilities, we find severe violations of cumulative prospect theory (CPT) and of Markowitz stochastic dominance. Our results shed new light on the exchange between Levy and Levy (2002) and Wakker (2003) in this journal.

Country
Netherlands
Related Organizations
Keywords

cumulative prospect theory, expected utility, mixed gambles, stochastic dominance, individual decision making under risk, EUR ESE 33

  • BIP!
    Impact byBIP!
    selected citations
    These citations are derived from selected sources.
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    		 52
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    		 Top 10%
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    		 Top 10%
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    		 Top 10%
Powered by OpenAIRE graph
Found an issue? Give us feedback
selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
52
Top 10%
Top 10%
Top 10%
Upload OA version
Are you the author of this publication? Upload your Open Access version to Zenodo!
It’s fast and easy, just two clicks!
uploadUpload now