Greco, Salvatore; Rindone, Fabio - In: Theory and Decision 77 (2014) 1, pp. 1-29
Cumulative Prospect Theory is the modern version of Prospect Theory and it is nowadays considered a valid alternative to the classical Expected Utility Theory. Cumulative Prospect theory implies Gain-Loss Separability, i.e., the separate evaluation of losses and gains within a mixed gamble....