Prospect Theory: For Risk and Ambiguity

By Peter P. Wakker. 2010

1,100 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/10ae1cdc6ac523e3446a5bf5351495741dbe0e63

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Citations in the corpus

Asset pricing and ambiguity: Empirical evidence (2018, unknown): “In general, irrespective of the decision-theoretic framework, f2 encompasses not only 6The function V puts more structure on the functional representation proposed by Wakker (2010) and Kothiyal et al. (2011) for Tversky and Kahneman’s (1992) cumulative prospect theory.”
Quantum Models of Cognition and Decision (2012, background): “Decision science is a highly developed field that has produced a variety of sophisticated mathematical theories (Gilboa, 2009; Wakker, 2010).”
Variation in risk seeking behaviour following large losses: A natural experiment (2014, background): “Indeed, the literature on ambiguity aversion, although not unanimous, tends to find that individuals are ambiguity averse in the gains and ambiguity seeking in the losses (Wakker 2010, p. 354).”
Prospect theory for continuous distributions: A preference foundation (2011, background): “6.1 and Section 8.4; Davies and Satchell 2003; Wakker 2010, Eqs.”
Expected Utility with Uncertain Probabilities Theory (2017, unknown): “4 Electronic copy available at: https://ssrn.com/abstract=2017944 EUUP employs the axiomatic foundations proposed by Kopylov (2010) and Wakker (2010) for modeling ambiguity and risk preferences.”
A genuine foundation for prospect theory (2012, background): “Prospect theory (PT) is currently one of the most well known and very influential models of decision making under uncertainty (Wakker, 2010).”
Risk Preferences Around the World (2015, background): “…are in the gain or loss domain, consistent with prospect theory (Kahneman and Tversky 1979, Tversky and Kahneman 1992), whereas expected utility theory has been found to be insufficient for describing the risk attitudes of most people (see Wakker 2010 for a comprehensive review of prospect theory).”
Measuring Loss Aversion under Ambiguity: A Method to Make Prospect Theory Completely Observable (2016, unknown): “The trade-off method is commonly used in decision theory (Wakker 2010), but thus far it could only be used to measure utility for gains and utility for losses separately.”
The Worst, the Best, Ignoring All the Rest: The Rank Effect and Trading Behavior (2015, background): “Investors typically hold multiple stocks and see their performance presented together, for example online or in a brokerage statement.”