From Expected Utility Theory to Prospect Theory : Tracking Down the Experimental Path After Forty Years

Autor:	Sławomir Kalinowski
Jazyk:	angličtina
Rok vydání:	2020
Předmět:	Management. Industrial management HD28-70 Economic growth development planning HD72-88
Zdroj:	Operations Research and Decisions, Vol vol. 30, Iss no. 4, Pp 39-56 (2020)
Druh dokumentu:	article
ISSN:	2081-8858 2391-6060 84853875
Popis:	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. (original abstract)
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/c84853875f62418eae95e4c0f9851a69 Zobrazit plný text záznamu View record in DOAJ Plný text ve formátu PDF