Statements (19)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
probability weighting function
|
| gptkbp:author |
gptkb:Dražen_Prelec
|
| gptkbp:describes |
how people subjectively weight probabilities
|
| gptkbp:domain |
[0,1]
|
| gptkbp:firstDescribed |
1998
|
| gptkbp:form |
w(p) = exp(-(-ln p)^α)
|
| https://www.w3.org/2000/01/rdf-schema#label |
Prelec function
|
| gptkbp:namedAfter |
gptkb:Dražen_Prelec
|
| gptkbp:parameter |
α (alpha)
p (probability) |
| gptkbp:property |
captures probability distortion
inverse S-shaped curve |
| gptkbp:publishedIn |
Theoretical and Experimental Economics literature
|
| gptkbp:range |
[0,1]
|
| gptkbp:relatedTo |
gptkb:cumulative_prospect_theory
|
| gptkbp:usedIn |
behavioral economics
prospect theory |
| gptkbp:bfsParent |
gptkb:Drazen_Prelec
|
| gptkbp:bfsLayer |
7
|