Reevaluation of the results of Levy and Levy (2002a)

A reevaluation of the experimental results of Levy and Levy (2002a) shows that they are consistent with Cumulative Prospect Theory (CPT). The reevaluation is done by means of numerical estimation with a standard CPT formulation and a stochastic choice model based on experimental results by Baucells...

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Veröffentlicht in:	Organizational behavior and human decision processes 2004-05, Vol.94 (1), p.15-21
Hauptverfasser:	Baucells, Manel, Heukamp, Franz H.
Format:	Artikel
Sprache:	eng
Schlagworte:	Biological and medical sciences Cognition. Intelligence Cumulative prospect theory Decision making models Decision making. Choice Evaluation Experiments Fundamental and applied biological sciences. Psychology Human behaviour Organization theory Probability Psychology. Psychoanalysis. Psychiatry Psychology. Psychophysiology Stochastic dominance Stochastic models Stochastic processes Studies
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Beschreibung
Zusammenfassung:	A reevaluation of the experimental results of Levy and Levy (2002a) shows that they are consistent with Cumulative Prospect Theory (CPT). The reevaluation is done by means of numerical estimation with a standard CPT formulation and a stochastic choice model based on experimental results by Baucells and Heukamp (2003).
ISSN:	0749-5978 1095-9920
DOI:	10.1016/j.obhdp.2004.01.003