semanticscholar.org

[PDF] Advances in prospect theory: Cumulative representation of uncertainty | Semantic Scholar

Behavioral premium principles

We define a premium principle under the continuous cumulative prospect theory which extends the equivalent utility principle. In prospect theory, risk attitude and loss aversion are shaped via a…

The Dual Theory of Choice under Risk

This paper investigates the consequences of the following modification of Expected Utility theory: instead of requiring independence with respect to probability mixtures of risky prospects, require…

Risk Perception in Psychology and Economics

Abstract : The concept of rationality has been basic to most economic analysis. Its content has been successively refined over the generations. As applied to the static world of certainty, it has…