Statements (31)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
behavioral economics theory
|
| gptkbp:application |
gptkb:insurance
gptkb:public_policy finance marketing |
| gptkbp:citation |
Tversky, A. & Kahneman, D. (1992). Advances in prospect theory: Cumulative representation of uncertainty. Journal of Risk and Uncertainty, 5(4), 297-323.
|
| gptkbp:contrastsWith |
expected utility theory
|
| gptkbp:describes |
decision making under risk
|
| gptkbp:feature |
gptkb:loss_aversion
diminishing sensitivity probability weighting reference dependence cumulative weighting of probabilities |
| gptkbp:field |
behavioral economics
psychology |
| gptkbp:form |
value function and weighting function
|
| https://www.w3.org/2000/01/rdf-schema#label |
cumulative prospect theory
|
| gptkbp:influencedBy |
gptkb:prospect_theory_(1979)
|
| gptkbp:predecessor |
prospect theory
|
| gptkbp:probabilityWeightingFunction |
overweights small probabilities
underweights large probabilities |
| gptkbp:proposedBy |
gptkb:Amos_Tversky
gptkb:Daniel_Kahneman |
| gptkbp:publishedIn |
gptkb:Journal_of_Risk_and_Uncertainty
|
| gptkbp:valueFunctionLossAversion |
steeper for losses than gains
|
| gptkbp:valueFunctionReferencePoint |
reference point
|
| gptkbp:valueFunctionShape |
S-shaped
|
| gptkbp:yearProposed |
1992
|
| gptkbp:bfsParent |
gptkb:Amos_Tversky
gptkb:Prospect_Theory |
| gptkbp:bfsLayer |
5
|