메뉴 건너뛰기




Volumn 68, Issue 3, 2010, Pages 243-261

On probabilities and loss aversion

Author keywords

Choice behavior; Loss aversion; Probability weighting; Prospect theory; Utility

Indexed keywords

DECISION THEORY;

EID: 77954145202     PISSN: 00405833     EISSN: 15737187     Source Type: Journal    
DOI: 10.1007/s11238-008-9117-z     Document Type: Article
Times cited : (21)

References (93)
  • 1
    • 0000341006 scopus 로고    scopus 로고
    • Parameter-free elicitation of utility and probability weighting functions
    • Abdellaoui, M. (2000). Parameter-free elicitation of utility and probability weighting functions. Management Science, 46, 1497-1512.
    • (2000) Management Science , vol.46 , pp. 1497-1512
    • Abdellaoui, M.1
  • 2
    • 38549139136 scopus 로고    scopus 로고
    • Loss aversion under prospect theory: A parameter-free measurement
    • Abdellaoui, M., Bleichrodt, H., & Paraschiv, C. (2007). Loss aversion under prospect theory: A parameter-free measurement. Management Science, 53, 1659-1674.
    • (2007) Management Science , vol.53 , pp. 1659-1674
    • Abdellaoui, M.1    Bleichrodt, H.2    Paraschiv, C.3
  • 3
    • 25844486659 scopus 로고    scopus 로고
    • Choice-based elicitation and decomposition of decision weights for gains and losses under uncertainty
    • Abdellaoui,M., Vossmann, F.,&Weber, M. (2005). Choice-based elicitation and decomposition of decision weights for gains and losses under uncertainty. Management Science, 51, 1384-1399.
    • (2005) Management Science , Issue.51 , pp. 1384-1399
    • Abdellaoui, M.1    Vossmann, F.2    Weber, M.3
  • 4
    • 84897579228 scopus 로고    scopus 로고
    • A behavioral condition for prelec's weighting function on the positive line without assuming w(1)=1
    • Aczél, J., & Luce, R. D. (2006). A behavioral condition for Prelec's weighting function on the positive line without assuming W(1)=1. Journal of Mathematical Psychology (Forthcoming
    • (2006) Journal of Mathematical Psychology (Forthcoming
    • Aczél, J.1    Luce, R.D.2
  • 5
    • 0001322329 scopus 로고    scopus 로고
    • Buffer stocks and precautionary savings with loss aversion
    • Aizenman, J. (1998). Buffer stocks and precautionary savings with loss aversion. Journal of International Money and Finance, 17, 931-947.
    • (1998) Journal of International Money and Finance , vol.17 , pp. 931-947
    • Aizenman, J.1
  • 6
    • 0001248680 scopus 로고
    • Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Américaine.
    • Allais, M. (1953). Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Américaine. Econometrica, 21, 503-546.
    • (1953) Econometrica , vol.21 , pp. 503-546
    • Allais, M.1
  • 7
    • 33750512403 scopus 로고    scopus 로고
    • Asimple derivation of prelec's probability weighting function
    • al-Nowaihi, A.,&Dhami, S. (2006).Asimple derivation of Prelec's probability weighting function. Journal of Mathematical Psychology, 50, 521-524.
    • (2006) Journal of Mathematical Psychology , vol.50 , pp. 521-524
    • Al-Nowaihi, A.1    Dhami, S.2
  • 9
    • 0039739798 scopus 로고    scopus 로고
    • Mental accounting, loss aversion, and individual stock returns
    • Barberis, N., & Huang, M. (2001). Mental accounting, loss aversion, and individual stock returns. Journal of Finance, 56, 1247-1292.
    • (2001) Journal of Finance , vol.56 , pp. 1247-1292
    • Barberis, N.1    Huang, M.2
  • 11
    • 0042350815 scopus 로고    scopus 로고
    • A survey of behavioral finance
    • In G. M. Constantinides, M. Harris & R. Stulz (Eds.) Amsterdam: Elsevier
    • Barberis, N., & Thaler, R. H. (2003). A Survey of Behavioral Finance. In G. M. Constantinides, M. Harris & R. Stulz (Eds.), Handbook of the Economics of Finance. Amsterdam: Elsevier.
    • (2003) Handbook of the Economics of Finance.
    • Barberis, N.1    Thaler, R.H.2
  • 12
    • 0038458652 scopus 로고    scopus 로고
    • Small feedback-based decisions and their limited correspondence to description-based decisions
    • Barron, G., & Erev, I. (2003). Small feedback-based decisions and their limited correspondence to description-based decisions. Journal of Behavioral Decision Making, 16, 215-233.
    • (2003) Journal of Behavioral Decision Making , vol.16 , pp. 215-233
    • Barron, G.1    Erev, I.2
  • 13
    • 0003105343 scopus 로고
    • Testing between alternative models of choice under uncertainty: Some initial results
    • Battalio, R. C., Kagel, J. H., & Jiranyakul, K. (1990) Testing between alternative models of choice under uncertainty: Some initial results. Journal of Risk and Uncertainty, 3, 25-50.
    • (1990) Journal of Risk and Uncertainty , vol.3 , pp. 25-50
    • Battalio, R.C.1    Kagel, J.H.2    Jiranyakul, K.3
  • 14
    • 84906006114 scopus 로고
    • Myopic loss aversion and the equity premium puzzle
    • Benartzi, S., & Thaler, R. H. (1995). Myopic loss aversion and the equity premium puzzle. Quarterly Journal of Economics, 110, 73-92.
    • (1995) Quarterly Journal of Economics , vol.110 , pp. 73-92
    • Benartzi, S.1    Thaler, R.H.2
  • 16
    • 43449124990 scopus 로고    scopus 로고
    • New paradoxes of risky decision making
    • Birnbaum, M. H. (2008). New paradoxes of risky decision making. Psychological Review, 115, 463-501.
    • (2008) Psychological Review , vol.115 , pp. 463-501
    • Birnbaum, M.H.1
  • 17
    • 0000341005 scopus 로고    scopus 로고
    • A parameter-free elicitation of the probability weighting function in medical decision analysis
    • Bleichrodt, H., & Pinto, J. L. (2000). A parameter-free elicitation of the probability weighting function in medical decision analysis. Management Science, 46, 1485-1496.
    • (2000) Management Science , vol.46 , pp. 1485-1496
    • Bleichrodt, H.1    Pinto, J.L.2
  • 18
    • 34447265534 scopus 로고    scopus 로고
    • Reference-dependent utility with shifting reference points and incomplete preferences
    • Bleichrodt, H. (2007). Reference-dependent utility with shifting reference points and incomplete preferences. Journal of Mathematical Psychology, 51, 266-276.
    • (2007) Journal of Mathematical Psychology , vol.51 , pp. 266-276
    • Bleichrodt, H.1
  • 21
    • 38249036382 scopus 로고
    • Reflection of transitive and intransitive preferences: A test of prospect theory
    • Budescu, D. V., &Weiss,W. (1987). Reflection of transitive and intransitive preferences: A test of prospect theory. Organizational Behavior and Human Decision Processes, 39, 184-202.
    • (1987) Organizational Behavior and Human Decision Processes , vol.39 , pp. 184-202
    • Budescu, D.V.1    Weiss, W.2
  • 22
    • 0003139662 scopus 로고
    • An experimental test of several generalized utility theories
    • Camerer, C. F. (1989). An experimental test of several generalized utility theories. Journal of Risk and Uncertainty, 2, 61-104.
    • (1989) Journal of Risk and Uncertainty , vol.2 , pp. 61-104
    • Camerer, C.F.1
  • 23
    • 0000233556 scopus 로고    scopus 로고
    • Bounded rationality in individual decision making
    • Camerer, C. F. (1998). Bounded rationality in individual decision making. Experimental Economics, 1, 163-183.
    • (1998) Experimental Economics , vol.1 , pp. 163-183
    • Camerer, C.F.1
  • 24
    • 0000935059 scopus 로고
    • Violations of the betweenness axiom and nonlinearity in probability
    • Camerer, C. F., & Ho, T.-H. (1994). Violations of the betweenness axiom and nonlinearity in probability. Journal of Risk and Uncertainty, 8, 167-196.
    • (1994) Journal of Risk and Uncertainty , vol.8 , pp. 167-196
    • Camerer, C.F.1    Ho, T.-H.2
  • 26
    • 0033455867 scopus 로고    scopus 로고
    • An axiomatization of cumulative prospect theory for decision under risk
    • Chateauneuf, A., & Wakker, P. P. (1999). An axiomatization of cumulative prospect theory for decision under risk. Journal of Risk and Uncertainty, 18, 137-145.
    • (1999) Journal of Risk and Uncertainty , vol.18 , pp. 137-145
    • Chateauneuf, A.1    Wakker, P.P.2
  • 27
    • 0003012926 scopus 로고
    • Experimental comparisons of individual behavior under risk and under uncertainty for gains and for losses
    • Cohen, M., Jaffray, J.-Y., & Said, T. (1987). Experimental comparisons of individual behavior under risk and under uncertainty for gains and for losses. Organizational Behavior and Human Decision Processes, 39, 1-22.
    • (1987) Organizational Behavior and Human Decision Processes , vol.39 , pp. 1-22
    • Cohen, M.1    Jaffray, J.-Y.2    Said, T.3
  • 30
    • 0000044535 scopus 로고
    • The prediction of decisions among bets
    • Edwards, W. (1955). The prediction of decisions among bets. Journal of Experimental Psychology, 50, 201-214.
    • (1955) Journal of Experimental Psychology , vol.50 , pp. 201-214
    • Edwards, W.1
  • 31
    • 84934238032 scopus 로고
    • Utility, subjective probability, their interaction, and variance preferences
    • Edwards,W. (1962). Utility, subjective probability, their interaction, and variance preferences. The Journal of Conflict Resolution 6, 42-51.
    • (1962) The Journal of Conflict Resolution , vol.6 , pp. 42-51
    • Edwards, W.1
  • 32
    • 4243329450 scopus 로고
    • Ambiguity and uncertainty in probabilistic inference
    • Einhorn, H. J., & Hogarth, R. M. (1985). Ambiguity and uncertainty in probabilistic inference. Psychological Review, 92, 433-461.
    • (1985) Psychological Review , vol.92 , pp. 433-461
    • Einhorn, H.J.1    Hogarth, R.M.2
  • 34
    • 84957363402 scopus 로고
    • Risk, ambiguity and the savage axioms
    • Ellsberg, D. (1961). Risk, Ambiguity and the Savage Axioms. Quarterly Journal of Economics, 75, 643-669.
    • (1961) Quarterly Journal of Economics , vol.75 , pp. 643-669
    • Ellsberg, D.1
  • 36
    • 3543005398 scopus 로고    scopus 로고
    • Is probability weighting sensitive to the magnitude of consequences? An experimental investigation on losses
    • Etchart-Vincent, N. (2004). Is probability weighting sensitive to the magnitude of consequences? An experimental investigation on losses. Journal of Risk and Uncertainty, 28, 217-235.
    • (2004) Journal of Risk and Uncertainty , vol.28 , pp. 217-235
    • Etchart-Vincent, N.1
  • 37
    • 0032252483 scopus 로고    scopus 로고
    • Measuring the utility for losses by means of the tradeoff method
    • Fennema, H., & van Assen, M. (1999). Measuring the utility for losses by means of the tradeoff method. Journal of Risk and Uncertainty, 17, 277-295.
    • (1999) Journal of Risk and Uncertainty , vol.17 , pp. 277-295
    • Fennema, H.1    Van Assen, M.2
  • 38
    • 0039054523 scopus 로고    scopus 로고
    • An experiment on risk taking and evaluation periods
    • Gneezy, U., & Potters, J. (1997). An experiment on risk taking and evaluation periods. Quarterly Journal of Economics, 112, 631-645.
    • (1997) Quarterly Journal of Economics , vol.112 , pp. 631-645
    • Gneezy, U.1    Potters, J.2
  • 39
    • 58149372717 scopus 로고
    • Expression theory and the preference reversal phenomena
    • Goldstein, W. M., & Einhorn, H. J. (1987). Expression theory and the preference reversal phenomena. Psychological Review, 94, 236-254.
    • (1987) Psychological Review , vol.94 , pp. 236-254
    • Goldstein, W.M.1    Einhorn, H.J.2
  • 40
    • 11144301875 scopus 로고    scopus 로고
    • Portfolio choice and trading volume with loss-averse investors
    • Gomes, F. J. (2005). Portfolio choice and trading volume with loss-averse investors. Journal of Business, 78, 675-706.
    • (2005) Journal of Business , vol.78 , pp. 675-706
    • Gomes, F.J.1
  • 41
    • 0033071923 scopus 로고    scopus 로고
    • On the shape of the probability weighting function
    • Gonzalez, R., &Wu, G. (1999). On the shape of the probability weighting function. Cognitive Psychology, 38, 129-166.
    • (1999) Cognitive Psychology , vol.38 , pp. 129-166
    • Gonzalez, R.1    Wu, G.2
  • 43
    • 0000063149 scopus 로고
    • Probability versus certainty equivalence methods in utility measurement: Are they equivalent?
    • Hershey, J. C., & Schoemaker, P. J. H. (1985). Probability versus certainty equivalence methods in utility measurement: Are they equivalent? Management Science, 31, 1213-1231.
    • (1985) Management Science , vol.31 , pp. 1213-1231
    • Hershey, J.C.1    Schoemaker, P.J.H.2
  • 44
    • 0001185870 scopus 로고
    • Venture theory:Amodel of decisionweights
    • Hogarth, R. M.,&Einhorn, H. J. (1990).Venture theory:Amodel of decisionweights. Management Science, 36, 780-803.
    • (1990) Management Science , vol.36 , pp. 780-803
    • Hogarth, R.1    Einhorn, H.2
  • 45
    • 0037756148 scopus 로고    scopus 로고
    • Risk aversion and incentive effects
    • Holt, C. A., & Laury, S. K. (2002). Risk aversion and incentive effects. American Economic Review, 92, 1644-1655.
    • (2002) American Economic Review , vol.92 , pp. 1644-1655
    • Holt, C.A.1    Laury, S.K.2
  • 46
    • 0036173594 scopus 로고    scopus 로고
    • Expressing preference in a principal-agent task: A comparison of choice Rating, and matching
    • Huber, J., Ariely, D., & Fischer, G. (2002). Expressing preference in a principal-agent task: A comparison of choice, rating, and matching. Organizational Behavior and Human Decision Processes, 87, 66-90.
    • (2002) Organizational Behavior and Human Decision Processes , vol.87 , pp. 66-90
    • Huber, J.1    Ariely, D.2    Fischer, G.3
  • 47
    • 0033853199 scopus 로고    scopus 로고
    • Estimating preferences under risk: The case of racetrack bettors
    • Jullien, B., & Salanié, B. (2000). Estimating preferences under risk: The case of racetrack bettors. Journal of Political Economy, 108, 503-530.
    • (2000) Journal of Political Economy , vol.108 , pp. 503-530
    • Jullien, B.1    Salanié, B.2
  • 48
    • 0000125532 scopus 로고
    • Prospect theory: An analysis of decision under risk
    • Kahneman, D., & Tversky, A. (1979). Prospect theory: An analysis of decision under risk. Econometrica, 47, 263-291.
    • (1979) Econometrica , vol.47 , pp. 263-291
    • Kahneman, D.1    Tversky, A.2
  • 50
    • 0141517283 scopus 로고    scopus 로고
    • Preference foundations for nonexpected utility: A generalized and simplified technique
    • Köbberling, V., & Wakker, P. P. (2003). Preference foundations for nonexpected utility: A generalized and simplified technique. Mathematics of Operations Research, 28, 395-423.
    • (2003) Mathematics of Operations Research , vol.28 , pp. 395-423
    • Köbberling, V.1    Wakker, P.P.2
  • 53
    • 0002880855 scopus 로고    scopus 로고
    • Working Paper, The Andrew Young School of Political Studies, Georgia State University, Atlanta, USA.
    • Laury, S. K., & Holt, C. A. (2005). Further reflections on prospect theory. Working Paper, The Andrew Young School of Political Studies, Georgia State University, Atlanta, USA.
    • (2005) Further reflections on prospect theory.
    • Laury, S.K.1    Holt, C.A.2
  • 54
    • 0031617130 scopus 로고    scopus 로고
    • Testing risk aversion and nonexpected utility theories
    • Loehman, E. (1998). Testing risk aversion and nonexpected utility theories. Journal of Economic Behavior and Organization, 33, 285-302.
    • (1998) Journal of Economic Behavior and Organization , vol.33 , pp. 285-302
    • Loehman, E.1
  • 55
    • 0000349207 scopus 로고    scopus 로고
    • The role of aspiration level in risky choice: A comparison of cumulative prospect theory and sp/a theory
    • Lopes, L. L.,&Oden, G. C. (1999). The role of aspiration level in risky choice: A comparison of cumulative prospect theory and SP/A theory. Journal of Mathematical Psychology, 43, 286-313.
    • (1999) Journal of Mathematical Psychology , vol.43 , pp. 286-313
    • Lopes, L.L.1    Oden, G.2
  • 56
    • 0003138928 scopus 로고
    • Rank-and sign-dependent linear utility models for binary gambles
    • Luce, R. D. (1991).Rank-and sign-dependent linear utility models for binary gambles. Journal of Economic Theory, 53, 75-100.
    • (1991) Journal of Economic Theory , vol.53 , pp. 75-100
    • Luce, R.D.1
  • 58
    • 0000002532 scopus 로고    scopus 로고
    • Reduction invariance and prelec's weighting functions
    • Luce, R. D. (2001). Reduction invariance and Prelec's weighting functions. Journal of Mathematical Psychology, 45, 167-179.
    • (2001) Journal of Mathematical Psychology , vol.45 , pp. 167-179
    • Luce, R.1
  • 59
    • 0002408974 scopus 로고
    • Rank-and sign-dependent linear utility models for finite first-order gambles
    • Luce, R. D., & Fishburn, P. C. (1991). Rank-and sign-dependent linear utility models for finite first-order gambles. Journal of Risk and Uncertainty, 4, 29-59.
    • (1991) Journal of Risk and Uncertainty , vol.4 , pp. 29-59
    • Luce, R.D.1    Fishburn, P.C.2
  • 62
    • 21144464886 scopus 로고
    • Insurance for low-probability hazards: A bimodal response to unlikely events
    • McClelland, G. H., Schulze, W. D., & Coursey, D. L. (1993). Insurance for low-probability hazards: A bimodal response to unlikely events. Journal of Risk and Uncertainty, 7, 95-116.
    • (1993) Journal of Risk and Uncertainty , vol.7 , pp. 95-116
    • McClelland, G.H.1    Schulze, W.D.2    Coursey, D.L.3
  • 63
    • 0000082222 scopus 로고    scopus 로고
    • Exchange economies and loss exposure: Experiments exploring prospect theory and competitive equilibria in market environments
    • Myagkov, M., & Plott, C. R. (1997). Exchange economies and loss exposure: Experiments exploring prospect theory and competitive equilibria in market environments. American Economic Review, 87, 801-828.
    • (1997) American Economic Review , vol.87 , pp. 801-828
    • Myagkov, M.1    Plott, C.R.2
  • 64
    • 0036102895 scopus 로고    scopus 로고
    • Comparative risk sensitivity with reference-dependent preferences
    • Neilson, W. S. (2002). Comparative risk sensitivity with reference-dependent preferences. Journal of Risk and Uncertainty, 24, 131-142.
    • (2002) Journal of Risk and Uncertainty , vol.24 , pp. 131-142
    • Neilson, W.S.1
  • 65
    • 0001579697 scopus 로고
    • Risk aversion in the small and in the large
    • Pratt, J. W. (1964). Risk aversion in the small and in the large. Econometrica, 32, 122-136.
    • (1964) Econometrica , vol.32 , pp. 122-136
    • Pratt, J.W.1
  • 66
    • 0001750296 scopus 로고    scopus 로고
    • The probability weighting function
    • Prelec, D. (1998). The probability weighting function. Econometrica, 66, 497-527.
    • (1998) Econometrica , vol.66 , pp. 497-527
    • Prelec, D.1
  • 67
    • 84990101501 scopus 로고
    • Risk perception and risk aversion among australian farmers
    • Quiggin, J. (1981). Risk perception and risk aversion among Australian farmers. Australian Journal of Agricultural Economics, 25, 160-169.
    • (1981) Australian Journal of Agricultural Economics , vol.25 , pp. 160-169
    • Quiggin, J.1
  • 69
    • 0001006304 scopus 로고    scopus 로고
    • Risk aversion and expected-utility theory: A calibration theorem
    • Rabin, M. (2000). Risk aversion and expected-utility theory: A calibration theorem. Econometrica, 68, 1281-1292.
    • (2000) Econometrica , vol.68 , pp. 1281-1292
    • Rabin, M.1
  • 70
    • 0001333688 scopus 로고
    • Subjective probability and expected utility without additivity
    • Schmeidler, D. (1989). Subjective probability and expected utility without additivity. Econometrica, 57, 571-587.
    • (1989) Econometrica , vol.57 , pp. 571-587
    • Schmeidler, D.1
  • 71
    • 0037497060 scopus 로고    scopus 로고
    • Reference-dependence in cumulative prospect theory
    • Schmidt, U. (2003). Reference-dependence in cumulative prospect theory. Journal of Mathematical Psychology, 47, 122-131.
    • (2003) Journal of Mathematical Psychology , vol.47 , pp. 122-131
    • Schmidt, U.1
  • 74
    • 34447264275 scopus 로고    scopus 로고
    • Linear cumulative prospect theory with applications to portfolio selection and insurance demand
    • Schmidt, U., & Zank, H. (2006). Linear cumulative prospect theory with applications to portfolio selection and insurance demand. Decisions in Economics and Finance, 30, 1-18.
    • (2006) Decisions in Economics and Finance , vol.30 , pp. 1-18
    • Schmidt, U.1    Zank, H.2
  • 75
    • 38849152926 scopus 로고    scopus 로고
    • Risk aversion in cumulative prospect theory
    • Schmidt, U., & Zank, H. (2008). Risk aversion in cumulative prospect theory. Management Science, 54, 208-216.
    • (2008) Management Science , vol.54 , pp. 208-216
    • Schmidt, U.1    Zank, H.2
  • 78
    • 0036721854 scopus 로고    scopus 로고
    • Optimal saving rules for loss-averse agents under uncertainty
    • Siegmann, A. H. (2002). Optimal saving rules for loss-averse agents under uncertainty. Economics Letters, 77, 27-34.
    • (2002) Economics Letters , vol.77 , pp. 27-34
    • Siegmann, A.H.1
  • 79
    • 0036602466 scopus 로고    scopus 로고
    • Neuronal substrates for choice under ambiguity, risk certainty, gains and losses
    • Smith, K., Dickhaut, J. W., McCabe, K., & Pardo, J. V. (2002). Neuronal substrates for choice under ambiguity, risk certainty, gains and losses. Management Science, 48, 711-718.
    • (2002) Management Science , vol.48 , pp. 711-718
    • Smith, K.1    Dickhaut, J.W.2    McCabe, K.3    Pardo, J.V.4
  • 80
    • 0000268935 scopus 로고    scopus 로고
    • Developments in non-expected utility theory: The hunt for a descriptive theory of choice under risk
    • Starmer, C. (2000).Developments in non-expected utility theory: The hunt for a descriptive theory of choice under risk. Journal of Economic Literature, 38, 332-382.
    • (2000) Journal of Economic Literature , vol.38 , pp. 332-382
    • Starmer, C.1
  • 81
    • 0042730516 scopus 로고    scopus 로고
    • Reference-dependent subjective expected utility
    • Sugden, R. (2003). Reference-dependent subjective expected utility. Journal of Economic Theory, 111, 172-191.
    • (2003) Journal of Economic Theory , vol.111 , pp. 172-191
    • Sugden, R.1
  • 82
    • 11944257940 scopus 로고
    • Weighing risk and uncertainty
    • Tversky, A., & Fox, C. (1995). Weighing risk and uncertainty. Psychological Review, 102, 269-283.
    • (1995) Psychological Review , vol.102 , pp. 269-283
    • Tversky, A.1    Fox, C.2
  • 83
    • 0001076162 scopus 로고
    • Loss aversion in riskless choice: A reference dependent model
    • Tversky, A., & Kahneman, D. (1991). Loss aversion in riskless choice: A reference dependent model. Quarterly Journal of Economics, 106, 1039-1061.
    • (1991) Quarterly Journal of Economics , vol.106 , pp. 1039-1061
    • Tversky, A.1    Kahneman, D.2
  • 84
    • 31744450082 scopus 로고
    • Advances in prospect theory: Cumulative representation of uncertainty
    • Tversky, A., & Kahneman, D. (1992). Advances in prospect theory: cumulative representation of uncertainty. Journal of Risk and Uncertainty, 5, 297-323.
    • (1992) Journal of Risk and Uncertainty , vol.5 , pp. 297-323
    • Tversky, A.1    Kahneman, D.2
  • 85
    • 0003004346 scopus 로고
    • Separating marginal utility and probabilistic risk aversion
    • Wakker, P. P. (1994). Separating marginal utility and probabilistic risk aversion. Theory and Decision, 36, 1-44.
    • (1994) Theory and Decision , vol.36 , pp. 1-44
    • Wakker, P.P.1
  • 86
    • 0008746643 scopus 로고    scopus 로고
    • Testing and characterizing properties of nonadditive measures through violations of the sure-thing principle
    • Wakker, P. P. (2001). Testing and characterizing properties of nonadditive measures through violations of the sure-thing principle. Econometrica, 69, 1039-1059.
    • (2001) Econometrica , vol.69 , pp. 1039-1059
    • Wakker, P.P.1
  • 87
  • 88
    • 0036303028 scopus 로고    scopus 로고
    • A simple preference-foundation of cumulative prospect theory with power utility
    • Wakker, P. P.,&Zank, H. (2002).A simple preference-foundation of cumulative prospect theory with power utility. European Economic Review, 46, 1253-1271.
    • (2002) European Economic Review , vol.46 , pp. 1253-1271
    • Wakker, P.P.1    Zank, H.2
  • 89
    • 84980140469 scopus 로고
    • Axiomatic measures of perceived risk: Some tests and extensions
    • Weber, E. U., & Bottom, W. P. (1989). Axiomatic measures of perceived risk: Some tests and extensions. Journal of Behavioral Decision Making, 2, 113-131.
    • (1989) Journal of Behavioral Decision Making , vol.2 , pp. 113-131
    • Weber, E.U.1    Bottom, W.P.2
  • 90
    • 0001126729 scopus 로고    scopus 로고
    • Curvature of the probability weighting function
    • Wu, G., & Gonzalez, R. (1996). Curvature of the probability weighting function. Management Science, 42, 1676-1690.
    • (1996) Management Science , vol.42 , pp. 1676-1690
    • Wu, G.1    Gonzalez, R.2
  • 91
    • 0032379031 scopus 로고    scopus 로고
    • Common consequence conditions in decision making under risk
    • Wu, G., & Gonzalez, R. (1998). Common consequence conditions in decision making under risk. Journal of Risk and Uncertainty, 16, 115-139.
    • (1998) Journal of Risk and Uncertainty , vol.16 , pp. 115-139
    • Wu, G.1    Gonzalez, R.2
  • 92
  • 93
    • 0035261809 scopus 로고    scopus 로고
    • Cumulative prospect theory for parametric and multiattribute utilities
    • Zank, H. (2001). Cumulative prospect theory for parametric and multiattribute utilities. Mathematics of Operations Research, 26, 67-81.
    • (2001) Mathematics of Operations Research , vol.26 , pp. 67-81
    • Zank, H.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.