Kirchler, Erich; Maciejovsky, Boris; Weber, Martin - Sonderforschungsbereich 504 "Rationalitätskonzepte, …; …
This paper investigates 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 the correspondence of different experimental risk...