Psychophysics of the probability weighting function

Physica A: Statistical Mechanics and its Applications

Volumn 390, Issue 5, 2011, Pages 902-905

  Takahashi, Taiki ^a  

^a HOKKAIDO UNIVERSITY   (Japan)

Author keywords

Decision making; Econophysics; Neuroeconomics; Prospect theory; Tsallis statistics; Uncertainty

Indexed keywords

BEHAVIORAL RESEARCH; DECISION MAKING; DECISION THEORY;

ECONOPHYSICSS; NEUROECONOMICS; PROSPECT THEORY; TSALLIS STATISTICS; UNCERTAINTY;

PROBABILITY;

EID: 78650960265     PISSN: 03784371     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.physa.2010.10.004     Document Type: Article

References (15)

1. J. von Neumann, and O. Morgenstern Theory of Games and Economic Behavior 2nd ed. 1947 Princeton University Press Princeton
2. M. Allais Le comportement de l'homme rationnel devant le risque: critique des postulats et axiomes de l'cole amricaine Econometrica 21 1953 503 546
3. D. Kahneman, and A. Tversky Prospect theory: an analysis of decisions under risk Econometrica 47 2 1979 263 291
4. D. Prelec The probability weighting function Econometrica 66 3 1998 497 527
5. C. Anteneodo, C. Tsallis, and A.S. Martinez Risk aversion in economic transactions Europhys. Lett. 59 5 2002 635 641
6. M.P. Paulus, and L.R. Frank Anterior cingulate activity modulates nonlinear decision weight function of uncertain prospects Neuroimage 30 2 2006 668 677 1
7. M. Hsu, I. Krajbich, C. Zhao, and C.F. Camerer Neural response to reward anticipation under risk is nonlinear in probabilities J. Neurosci. 29 7 2009 2231 2237
8. H. Rachlin, A. Raineri, and D. Cross Subjective probability and delay J. Exp. Anal. Behav. 55 2 1991 233 244
9. D.O. Cajueiro A note on the relevance of the q-exponential function in the context of intertemporal choices Physica A 364 2006 385 388
10. T. Takahashi, H. Ono, and M.H.B. Radford Empirical estimation of consistency parameter in intertemporal choice based on Tsallis' statistics Physica A 381 2007 338 342
11. T. Takahashi A probabilistic choice model based on Tsallis' statistics Physica A 386 2007 335 338
12. T. Takahashi Loss of self-control in intertemporal choice may be attributable to logarithmic time-perception Med. Hypotheses 65 4 2005 691 693
13. G. Zauberman, B.K. Kim, S.A. Malkoc, and J.R. Bettman Discounting time and time discounting: subjective time perception and intertemporal preferences J. Mar. Res. 46 4 2009 543 556
14. T. Takahashi Time-estimation error following WeberFechner law may explain subadditive discounting Med. Hypotheses 67 6 2006 1372 1374
15. A. Al-Nowaihi, and S. Dhami A simple derivation of Prelec's probability weighting function J. Math. Psych. 50 6 2006 521 524