In this paper we investigate four hypotheses which are inconsistent with expected utility theory, but may well be … explained by prospect theory. It deals with framing, the non-linearity of subjective probabilities, the disposition effect, and …) found little correspondence between different experimental risk elicitation methods. -- Prospect Theory ; Framing …

world income distribution dynamics. Formal statistical hypothesis tests allow us to discriminate between two competing … contributes to the polarization of the world income distribution. -- economic growth ; neoclassical convergence ; technological …