Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/67776 
Erscheinungsjahr: 
2009
Schriftenreihe/Nr.: 
Queen's Economics Department Working Paper No. 1228
Verlag: 
Queen's University, Department of Economics, Kingston (Ontario)
Zusammenfassung: 
This paper derives conditions under which the well-known decomposition of unconditional expected utility into marginal probabilities and conditional expected utility generalizes to Cumulative Prospect Theory, as well as updating rules for probability weighting functions. The results are, for example, of interest for empirical and experimental work, when available choice data is for situations where payoffs given the conditioning events are random.
Schlagwörter: 
Probability Weighting Functions
Cumulative Prospect Theory
Conditioning
Updating
Dokumentart: 
Working Paper

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