expected utility models such as cumulative prospect theory (CPT), but use information in a non-compensatory manner and ignore … Decisions Under Risk Based on Ignorance? An Empirical Test of the Priority Heuristic against Cumulative Prospect Theory … of the Priority Heuristic against Cumulative Prospect Theory ∗ Andreas Glöckner † / Tilmann Betsch ‡ Abstract …

sets of hypotheses concerning choices, decision times, and information search derived from cumulative prospect theory … indicate that individuals use compensatory strategies. Choice proportions are well predicted by a cumulative prospect theory … search derived from cumulative prospect theory, decision field the- ory, priority heuristic and parallel constraint …

Recent research reported evidence that contradicts cumulative prospect theory and the priority heuristic. The same body … previous results and to test whether the violations of cumulative prospect theory might be eliminated or reduced by using … idea that decision behavior contradicting cumulative prospect theory and the priority heuristic would be altered by use of …

Previous tests of cumulative prospect theory (CPT) and of the priority heuristic (PH) found evidence contradicting …

behaviour of investors. Cumulative prospect theory and mental accounting are two such approaches which are used in this paper to …

scenarios was investigated by adopting cumulative prospect theory. The methodology proposed in this paper is an extension of the …

Cumulative Prospect Theory is the modern version of Prospect Theory and it is nowadays considered a valid alternative … to the classical Expected Utility Theory. Cumulative Prospect theory implies Gain-Loss Separability, i.e., the separate …, proposing new paradoxes where the Gain-Loss Separability is violated. We present a generalization of Cumulative Prospect Theory …

(5):2066–2100, <CitationRef CitationID="CR2">2008</CitationRef>). Assuming homogeneous cumulative prospect theory decision makers, we show that …

We demonstrate that in simple 2×2 games (cumulative) prospect theory preferences can be (semi-)evolutionarily stable …