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.
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container_title Organizational behavior and human decision processes
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creator Baucells, Manel
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description 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).
doi_str_mv 10.1016/j.obhdp.2004.01.003
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source Applied Social Sciences Index & Abstracts (ASSIA); RePEc; Elsevier ScienceDirect Journals
subjects 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
title Reevaluation of the results of Levy and Levy (2002a)
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