Work

Modeling Probability Weighting Functions in Prospect Theory using a Class of Modifier Operators of Continuous-valued Logic

Year: 2019

Type: conference-paper

Abstract: In this study, it is demonstrated that applying the Dombi modifier operator can be turned into a general approach for modeling probability weighting functions of prospect theory including the well-known ones. Furthermore, a two-phase regression method for fitting a probability weighting function generated by the modifier operator to empirical data is also presented.

Source: IEEE International Symposium on Computational Intelligence and Informatics (CINTI)

DOI: 10.1109/cinti-macro49179.2019.9105298

Authors: József Dombi, Tamás Jónás

Institutions: University of Szeged, Eötvös Loránd University

Language: English

Topic: Decision-Making and Behavioral Economics

Subfield: General Decision Sciences

Field: Decision Sciences

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W3033673189

FWCI:

Cites: 22

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Related to: 10