Prospect Theory: An Analysis of Decision Under Risk (Kahneman and Tversky, 1979)

By A. Young. 2011

1,248 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/a82162e4e0cbce6bfb8510071a3340d2323bb971

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Citations in the corpus

Transportation service bundling – For whose benefit? Consumer valuation of pure bundling in the passenger transportation market (2018, background): “Stremersch and Tellis (2002) showed that behavioral re13 search on bundling is rooted in prospect theory (Kahneman and Tversky, 14 1979) and mental accounting (Thaler, 1985). Price sensitivity decreases and 15 purchase likelihood increases when consumers are presented with a single 16 bundle price i”
Overreaction in capital flows to emerging markets: Booms and sudden stops☆ (2012, methodology): “One example of such analyses is the loss-aversion hypothesis of Kahneman and Tversky (1979):”
Asymmetric effects of online consumer reviews (2015, methodology): “According to the prospect theory (Kahneman & Tversky, 1979), people appear to give higher value to the experience of loss than to that of the pleasure associated with gaining an amount equivalent to that which was lost, because the value function is steeper for losses than for gains.”
Inattentive Valuation and Reference-Dependent Choice ∗ (2012, background): “(I assume that the measures of the various attributes have been scaled so that a unit increase in any attribute increases the DM’s utility by an equal amount; this is purely a notational convenience.(33)) And”
A Reference Price Theory of the Endowment Effect (2012, background): “Thaler (1980) terms this disparity the “endowment effect” and recognizes it as a manifestation of loss aversion (Kahneman and Tversky 1979; Tversky and Kahneman 1991).”
Credit Money and Macroeconomic Instability in the Agent-based Model and Simulator Eurace (2010, unknown): “For example, the modelling of households' portfolio decisions on the financial market is based on Prospect Theory (Kahneman and Tversky, 1979; Tversky and Kahneman, 1992).”
Bodies of Knowledge for Research in Behavioral Operations (2009, background): “For example, they prefer a 50–50 gamble between US$0 and (cid:2) US$100 to losing US$50 for sure (Kahneman and Tversky 1979).”
Individuals and Identity in Economics (2013, background): “Davis explains that a change in reference point produces different individuals over time, as a new reference point produces new collections prospects” (Kahneman and Tversky 1979, 286, cited in Davis 2011, 35).”
Determinants of households’ investment in energy efficiency and renewables: evidence from the OECD survey on household environmental behaviour and attitudes (2015, background): “Many studies find a positive correlation between income and the probability to invest in energy conservation measures as well as renewable energy technologies (Long 1993, Mills and Schleich 2010) instead. Similar results for heating systems were found by Michelsen and Madlener (2012), who did not ob”
The Intrinsic Value of Decision Rights (2014, background): “Loss aversion (Kahneman and Tversky 1979) might be a partial explanation for the observed size of the difference in certainty equivalents.”