Prospect Theory Versus Expected Utility Theory: Assumptions, Predictions, Intuition and Modelling of Risk Attitudes
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- Kulawik, Jacek, 2023. "Expected Utility and Prospect Theories Versus Agricultural Insurance," Problems of Agricultural Economics / Zagadnienia Ekonomiki Rolnej 333731, Institute of Agricultural and Food Economics - National Research Institute (IAFE-NRI).
- Mesly, Olivier, 2023. "Irrational exuberance and deception — Why markets spin out of control," Journal of Behavioral and Experimental Finance, Elsevier, vol. 37(C).
- Levi Ng’ang’a Mbugua & John Odhiambo Magambo, 2022. "Repositioning Health Microinsurance Products for the Informal Sector Groups," Businesses, MDPI, vol. 3(1), pages 1-17, December.
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More about this item
Keywords
rank-dependence; independence; loss aversion; prospect stochastic dominance; pessimism and optimism;All these keywords.
JEL classification:
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
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