A Note on the Utility Function Under Prospect Theory

We show that preference-homogeneity and loss-aversion are necessary and sufficient for the value function to have the power form with identical powers for gains and losses and for the probability weighting functions for gains and losses to be identical

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Year of publication:	[2008]
Authors:	Al-Nowaihi, Ali
Other Persons:	Dhami, Sanjit S. (contributor) ; Bradley, Ian G. (contributor)
Publisher:	[2008]: [S.l.] : SSRN

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Extent:	1 Online-Ressource (7 p)
Type of publication:	Book / Working Paper
Notes:	In: Economics Letters, Vol. 99, 2008 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 12, 2007 erstellt
Classification:	C60 - Mathematical Methods and Programming. General ; D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012771989