Original and cumulative prospect theory: a discussion of empirical differences
| Authors |
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| Publication date | 1997 |
| Journal | Journal of Behavioral Decision Making |
| Volume | Issue number | 10 | 10 |
| Pages (from-to) | 53-64 |
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| Abstract | This note discusses differences between prospect theory and cumulative prospect theory. It shows that cumulative prospect theory is not merely a formal correction of some theoretical problems in prospect theory, but it also gives different predictions. Experiments are described that favor cumulative prospect theory. |
| Document type | Article |
| Published at |
https://doi.org/10.1002/(SICI)1099-0771(199703)10:1<53::AID-BDM245>3.0.CO;2-1
(Final published version)
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