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2020 | 30 | nr 4 | 39--56
Tytuł artykułu

From Expected Utility Theory to Prospect Theory : Tracking Down the Experimental Path After Forty Years

Treść / Zawartość
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
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. (original abstract)
Rocznik
Tom
30
Numer
Strony
39--56
Opis fizyczny
Twórcy
  • Poznań University of Economics and Business, Poznań, Poland
Bibliografia
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Typ dokumentu
Bibliografia
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Identyfikator YADDA
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