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A further critique of cumulative prospect theory and related approaches
16 references·14 citing·32 second hop
A further critique of cumulative prospect theory and related approaches (2006)A further critique of cumulative prospect…Risk Aversion and Incentive Effects (2002)Risk Aversion and Incentive E…Conditional value-at-risk for general loss distributions (2002)Conditional value-at-risk for…In Search of Homo Economicus: Behavioral Experiments in 15 Small-Scale Societies (2001)In Search of Homo Economicus:…Behavioral Portfolio Theory (2000)Behavioral Portfolio TheoryThe Effects of Financial Incentives in Experiments: A Review and Capital-Labor-Production Framework (1999)The Effects of Financial Ince…The Effects of Financial Incentives in Experiments: A Review and Capital-Labor-Production Framework \n (1999)The Effects of Financial Ince…The Probability Weighting Function (1998)The Probability Weighting Fun…A Behavioral Agency Model of Managerial Risk Taking (1998)A Behavioral Agency Model of …Gender differences in risk behaviour in financial decision-making: An experimental analysis (1997)Gender differences in risk be…Investigating Generalizations of Expected Utility Theory Using Experimental Data (1994)Investigating Generalizations…Advances in prospect theory: Cumulative representation of uncertainty (1992)Advances in prospect theory: …Loss Aversion in Riskless Choice: A Reference-Dependent Model (1991)Loss Aversion in Riskless Cho…Gambling with the House Money and Trying to Break Even: The Effects of Prior Outcomes on Risky Choice (1990)Gambling with the House Money…Prospect theory: An analysis of decision under risk (1988)Prospect theory: An analysis …Prospect Theory: An Analysis of Decision under Risk (1979)Prospect Theory: An Analysis …Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine (1953)Le Comportement de l'Homme Ra…Artificial intelligence and dynamic pricing: a systematic literature review (2025)Artificial intelligence and d…Death-related anxiety associated with riskier decision-making irrespective of framing: A Bayesian model comparison (2021)Death-related anxiety associa…SMAA-based model for decision aiding using regret theory in discrete Z-number context (2018)SMAA-based model for decision…Financial Indices, Joint Ventures and Strategic Alliances Invalidate Cumulative Prospect Theory, Third-Generation Prospect Theory, Related Approaches and Intertemporal Asset Pricing Theory: HCI and Three New Decision Models (2018)Financial Indices, Joint Vent…Anomalies in Net Present Value, Returns and Polynomials, and Regret Theory in Decision-Making (2016)Anomalies in Net Present Valu…Regret theory-based group decision-making with multidimensional preference and incomplete weight information (2015)Regret theory-based group dec…A prospect theory-based interval dynamic reference point method for emergency decision making (2015)A prospect theory-based inter…Risk averse decision making under catastrophic risk (2014)Risk averse decision making u…Toward a mental arithmetic process in risky choices (2013)Toward a mental arithmetic pr…Skumulowana teoria perspektywy jako model pomiaru racjonalności ekonomicznej (2012)Skumulowana teoria perspektyw…On mental transformations. (2011)On mental transformations.MCDM Methodologies and Applications: A Literature Review from 1999 to 2009 (2011)MCDM Methodologies and Applic…On Mental Transformations (2009)On Mental TransformationsA closer look at the Russian roulette problem: A re-examination of the nonlinearity of the prospect theory’s decision weight π (2008)A closer look at the Russian …Status quo bias in decision making (1988)A Theory of Fairness, Competition, and Cooperation (1999)Time Discounting and Time Preference: A Critical Review (2002)Judgment under Uncertainty: Heuristics and Biases (1975)Individual differences in reasoning: Implications for the rationality debate? (2000)A perspective on judgment and choice: Mapping bounded rationality. (2003)Risk Aversion in the Small and in the Large (1976)On the Shape of the Probability Weighting Function (1999)Developments in Non-Expected Utility Theory: The Hunt for a Descriptive Theory of Choice under Risk (2000)Risk as feelings. 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(2006)Risk, Ambiguity, and the Savage Axioms (1961)The Framing of Decisions and the Psychology of Choice (1981)Exploration and Exploitation in Organizational Learning (1991)Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance (2007)Theory of games and economic behavior (2019)PORTFOLIO SELECTION* (1952)Coherent Measures of Risk (1999)Optimization of conditional value-at-risk (2000)On the coherence of expected shortfall (2002)Spectral measures of risk: A coherent representation of subjective risk aversion (2002)Making and Evaluating Point Forecasts (2011)Risk Aversion in the Small and in the Large (1964)Oxytocin increases trust in humans (2005)Gender Differences in Preferences (2009)INDIVIDUAL RISK ATTITUDES: MEASUREMENT, DETERMINANTS, AND BEHAVIORAL CONSEQUENCES (2011)Mental accounting matters (1999)Experimental Tests of the Endowment Effect and the Coase Theorem (2000)Mental Accounting and Consumer Choice (2008)
this work references cited by second hop

References

  • 1979Prospect Theory: An Analysis of Decision under Risk48,459 cited
  • 1988Prospect theory: An analysis of decision under risk32,475 cited
  • 1992Advances in prospect theory: Cumulative representation of uncertainty15,457 cited
  • 1991Loss Aversion in Riskless Choice: A Reference-Dependent Model6,428 cited
  • 2002Risk Aversion and Incentive Effects5,973 cited
  • 1953Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine4,117 cited
  • 2002Conditional value-at-risk for general loss distributions3,847 cited
  • 2001In Search of Homo Economicus: Behavioral Experiments in 15 Small-Scale Societies2,615 cited
  • 1990Gambling with the House Money and Trying to Break Even: The Effects of Prior Outcomes on Risky Choice2,378 cited
  • 1998The Probability Weighting Function1,998 cited
  • 1998A Behavioral Agency Model of Managerial Risk Taking1,591 cited
  • 1999The Effects of Financial Incentives in Experiments: A Review and Capital-Labor-Production Framework1,547 cited
  • 1999The Effects of Financial Incentives in Experiments: A Review and Capital-Labor-Production Framework \n1,428 cited
  • 1997Gender differences in risk behaviour in financial decision-making: An experimental analysis1,340 cited

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1994
Investigating Generalizations of Expected Utility Theory Using Experimental Data
1,100 cited
  • 2000Behavioral Portfolio Theory1,040 cited
  • Cited by

    • 2015Regret theory-based group decision-making with multidimensional preference and incomplete weight information184 cited
    • 2015A prospect theory-based interval dynamic reference point method for emergency decision making122 cited
    • 2011MCDM Methodologies and Applications: A Literature Review from 1999 to 200980 cited
    • 2018SMAA-based model for decision aiding using regret theory in discrete Z-number context76 cited
    • 2014Risk averse decision making under catastrophic risk31 cited
    • 2025Artificial intelligence and dynamic pricing: a systematic literature review31 cited
    • 2016Anomalies in Net Present Value, Returns and Polynomials, and Regret Theory in Decision-Making29 cited
    • 2011On mental transformations.14 cited
    • 2008A closer look at the Russian roulette problem: A re-examination of the nonlinearity of the prospect theory’s decision weight π12 cited
    • 2013Toward a mental arithmetic process in risky choices11 cited
    • 2009On Mental Transformations4 cited
    • 2021Death-related anxiety associated with riskier decision-making irrespective of framing: A Bayesian model comparison3 cited
    • 2012Skumulowana teoria perspektywy jako model pomiaru racjonalności ekonomicznej2 cited
    • 2018Financial Indices, Joint Ventures and Strategic Alliances Invalidate Cumulative Prospect Theory, Third-Generation Prospect Theory, Related Approaches and Intertemporal Asset Pricing Theory: HCI and Three New Decision Models2 cited