- Author
- Year
- 1997
- Title
- Original and cumulative prospect theory: a discussion of empirical differences
- Journal
- Journal of Behavioral Decision Making
- Volume | Issue number
- 10 | 10
- Pages (from-to)
- 53-64
- Document type
- Article
- Faculty
- Faculty of Economics and Business (FEB)
- Institute
- Amsterdam School of Economics Research Institute (ASE-RI)
- Abstract
- This note discusses differences between prospect theory and cumulative prospect theory. It shows that cumulative prospect theory is not merely a formal correction of some theoretical problems in prospect theory, but it also gives different predictions. Experiments are described that favor cumulative prospect theory.
- URL
- go to publisher's site
- Language
- Undefined/Unknown
- Persistent Identifier
- https://hdl.handle.net/11245/1.419233
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