Article2005

Back to the St. Petersburg Paradox?

84 citations0/0 files storedManagement Science

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Decision-Making and Behavioral Economics Financial Literacy, Pension, Retirement Analysis Experimental Behavioral Economics Studies

Abstract

The conventional parameterizations of cumulative prospect theory do not explain the St. Petersburg paradox. To do so, the power coefficient of an individual’s utility function must be lower than the power coefficient of an individual’s probability weighting function.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 84 citations exist upstream.

References

1979Prospect Theory: An Analysis of Decision under Risk 1988Prospect theory: An analysis of decision under risk 1992Advances in prospect theory: Cumulative representation of uncertainty 1953Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine 1982A theory of anticipated utility 1954Exposition of a New Theory on the Measurement of Risk 1998The Probability Weighting Function 1999On the Shape of the Probability Weighting Function

Cited by

2018An analysis of the generalized TODIM method 2019Key to Effective Organizational Performance Management Lies at the Intersection of Paradox Theory and Stakeholder Theory 2014Prospect theory and the “forgotten” fourfold pattern of risk preferences 2005Three New Tests of Independence That Differentiate Models of Risky Decision Making 2009The mean, the median, and the St. Petersburg paradox 2018Quantum-like model of subjective expected utility

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.