
This experiment is a slightly modified replication of the experiment in Kahnemann's 1979 paper "Prospect Theory: An Analysis of Decision under Risk". In this paper, mainly three effects were tested and theoretically explained: Certainty Effect,Isolation Effect and the Reflection Effect. We simulate these in a similar form with a self-generated which were modified closely to the original questionnaire.
Risaversion, Business, Riskaversion, Arts and Humanities, Kahnemann replication, Valuefunction, Probability
Risaversion, Business, Riskaversion, Arts and Humanities, Kahnemann replication, Valuefunction, Probability
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