Arbeitspapier
Conditioning and updating under cumulative prospect theory
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.
- Language
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Englisch
- Bibliographic citation
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Series: Queen's Economics Department Working Paper ; No. 1228
- Classification
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Wirtschaft
- Subject
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Probability Weighting Functions
Cumulative Prospect Theory
Conditioning
Updating
Prospect Theory
Wahrscheinlichkeitsrechnung
Mathematische Ökonomie
- Event
-
Geistige Schöpfung
- (who)
-
Stomper, Alex
Vierø, Marie-Louise
- Event
-
Veröffentlichung
- (who)
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Queen's University, Department of Economics
- (where)
-
Kingston (Ontario)
- (when)
-
2009
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Stomper, Alex
- Vierø, Marie-Louise
- Queen's University, Department of Economics
Time of origin
- 2009
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