Bleichrodt, Han; Abellán-Perpiñan, José María; … - Department of Economics and Business, Universitat … - 2005
clear violations of expected utility. Of the theories studies, prospect theory was most consistent with our data. The main … improvement of prospect theory over expected utility was in comparisons between a riskless and a risky prospect … explanation why we found no improvement of prospect theory over expected utility in risk-risk methods may be that there was less …