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experiments. Contrary to the traditional view of expected utility theory, the choices can be explained in large part by previous … outcomes or surpassed by favorable outcomes. Our results point to reference-dependent choice theories such as prospect theory …
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The St. Petersburg paradox is one of the oldest challenges of expected value theory. Thus far, explanations of the …
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Psychological game theory can provide a rational choice explanation of framing effects; frames influence beliefs, and …
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Psychological game theory can provide a rational choice explanation of framing effects; frames influence beliefs, and …
Persistent link: https://www.econbiz.de/10003395754
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