From Expected Utility Theory to Prospect Theory : Tracking Down the Experimental Path After Forty Years

• Autorzy: Sławomir Kalinowski
• Języki publikacji: EN

Abstrakty

EN

The expected utility theory axioms have been studied experimentally. Three of the experiments are a repetition of an earlier test in slightly changed circumstances, while the other two are original. The participants were incentivised with rewards, which did not happen in the replicated tests. The results confirmed the degeneration of the expected utility theory as a scientific research program. The evidence that resulted from the tests supported the hypothesis on the cumulative prospect theory predicting facts not forecasted by the EUT. (original abstract)

Słowa kluczowe

PL

Teoria oczekiwanej użyteczności; Teoria perspektywy; Ekonomia eksperymentalna

EN

Expected utility theory; Prospect theory; Experimental economics

• Czasopismo: Operations Research and Decisions
• Rocznik: 2020
• Tom: 30
• Numer: nr 4
• Strony: 39-56

Twórcy

autor

Sławomir Kalinowski

• Poznań University of Economics and Business, Poznań, Poland

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Identyfikatory

DOI

10.37190/ord200403