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Toward a cognitive neuroscience of decision under risk.
Our experiments support the relevance of so-called comparative optimism in decision under risk.
Kahneman, Daniel and Amos Tversky, "Prospect theory: An analysis of decision under risk," Econometrica, 47, 263-291.
* Kahneman, D., and Tversky, A. "Prospect Theory: An Analysis of Decision Under Risk," Econometrica, Vol. 47, pp. 263-292 (1979).
Data from the experiments do not support the CV as a descriptive criterion for decision under risk.
Of Higher Interest * Kahneman, D., and Tversky, A. "Prospect Theory: An Analysis of Decision Under Risk," Econometrica, Vol. 47, pp. 263-292 (1979).
Similar(51)
The contribution of this paper to a general theory of software engineering is twofold: it presents the model system concept, and it integrates the software engineering design process into a decision making theory and a value-based decision-under-risk process.
This book offers a framework for making decisions under risk and uncertainty.
A new laboratory experiment is designed to identify the best theories for describing decisions under risk.
Agent-based simulations may be a way to model human society behavior in decisions under risk.
Experimental studies have documented an affection effect in general decisions under risk as well as in insurance demand decisions.
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