Berns, Gregory S.; Capra, C. Monica; Moore, Sara; … - In: Judgment and Decision Making 2 (2007) August, pp. 234-242
We study whether probability weighting is observed when individuals are presented with a series of choices between lotteries consisting of real non-monetary adverse outcomes, electric shocks. Our estimation of the parameters of the probability weighting function proposed by Tversky and Kahneman...