providing analytical formulas for certainty equivalents in each case. The solution is similar to the Expected Utility Theory … approach and does not use the probability weighting function – one of the key elements of Prospect Theory. Solutions to several … strong arguments against Prospect Theory as a model for describing human behavior and lays the foundations for Relative …

information sources. Exploratory analysis, however, revealed interesting effects related to self-reported gambling frequency …-reported gambling frequency was stronger for females. Decision modeling found a decreased weight placed on new evidence (over base rate … frequency of gambling to worse performance in the critical probability assessment skills that should benefit gambling success (i …