From expected utility theory to prospect theory: tracking down the experimental path after forty years

IF 0.7 Q4 OPERATIONS RESEARCH & MANAGEMENT SCIENCE
S. Kalinowski
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引用次数: 0

Abstract

The expected utility theory axioms have been studied experimentally. Three of the experiments are a repetition of an earlier test in slightly changed circumstances, while the other two are original. The participants were incentivised with rewards, which did not happen in the replicated tests. The results confirmed the degeneration of the expected utility theory as a scientific research program. The evidence that resulted from the tests supported the hypothesis on the cumulative prospect theory predicting facts not forecasted by the EUT.
从期望效用理论到前景理论:四十年后的实验路径追寻
对期望效用理论公理进行了实验研究。其中三个实验是在略有变化的环境下重复先前的测试,而另外两个是原始的。参与者受到奖励的激励,这在重复测试中没有发生。结果证实了期望效用理论作为一种科学研究方案的退化。从测试中得到的证据支持了累积前景理论的假设,该理论预测了EUT无法预测的事实。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
Operations Research and Decisions
Operations Research and Decisions OPERATIONS RESEARCH & MANAGEMENT SCIENCE-
CiteScore
1.00
自引率
25.00%
发文量
16
审稿时长
15 weeks
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