In the paper Cenci et al. [3] an intuitive and parsimonious descriptive model of decision making under risk that can explain the Kahneman and Tversky’s [6] paradoxes has been proposed for non-negative lotteries. In this paper it is shown that a straightforward extension of the value function proposed in [3] explains the Kahneman and Tversky’s [6] paradoxes also for negative lotteries.
Corradini, M. (2022). Half-full half-empty functional: an extension to negative lotteries. APPLIED MATHEMATICAL SCIENCES, 16(12), 645-648 [10.12988/ams.2022.917265].
Half-full half-empty functional: an extension to negative lotteries
Corradini, Massimiliano
2022-01-01
Abstract
In the paper Cenci et al. [3] an intuitive and parsimonious descriptive model of decision making under risk that can explain the Kahneman and Tversky’s [6] paradoxes has been proposed for non-negative lotteries. In this paper it is shown that a straightforward extension of the value function proposed in [3] explains the Kahneman and Tversky’s [6] paradoxes also for negative lotteries.File in questo prodotto:
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