Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 11 of 11 for “"Cumulative Prospect Theory"”.
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The choice-theoretic characterizations of risk changes and risk attitudes in cumulative prospect theory : a stochastic dominance approach
… in decision making under risk by comparing risky prospects. The emergence of the cumulative prospect theory (CPT), developed by Kahneman and Tversky (1979) and Tversky and Kahneman (1992), provides a prominent alternative to the expected utility theory. This thesis aims to provide a …
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Estimation of cumulative prospect theory-based passenger behavioral models for dynamic pricing & transactive control of shared mobility on demand
… a novel passenger behavioral model based on Cumulative Prospect Theory (CPT) to more accurately represent decision making in the presence of significant risks and uncertainty associated with SMoDS' travel times. A comprehensive survey was designed to estimate both the mode-choice and CPT …
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Kenyan Vegetable Farmers' IPM adoption: barriers and impacts
… run to elicit their risk preferences utilizing. Cumulative Prospect Theory. Loss aversion was found to be correlated with higher likelihood of IPM adoption while risk aversion was associated with higher pesticide application rates and expenditures. The influence of IPM adoption on pesticide use …
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Studies of experience based decision making
… samples, and estimated functional forms of Cumulative Prospect Theory. Results indicated that the manipulation of experience in the presence of a full description produced almost no effects. The manipulation of initial information states significantly influenced choices, the perceptions of …
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Eliciting continuous probability distributions
… probability distribution as explained by cumulative prospect theory. Operating similarly to the probability weighting function, the variable weighting function allows an assessor to gain a judges belief about a specific variable value without requiring multiple assessments. Functional form …
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Decision framework for selecting structural strength of new facility on the airbase
… assessments based on traditional probability theory. The decision prediction model based on the traditional probability theory assumes that the decision-makers have risk-neutral attitude. However, various studies have found that decision-makers are not always risk-neutral, and it has also been …
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The impact of behavioral factors on annuitisation decisions and decumulation strategies
… thesis has two major contributions. First, both Cumulative Prospect Theory (CPT) and Hyperbolic discount model can explain the low demand of immediate annuities and suggest that people would be willing to purchase deferred annuities. This has laid a research foundation for introducing and …
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Information-theoretic analysis of human-machine mixed systems
… account. We model the workload using queueing theory and characterize Shannon's information capacity for single-user and multiuser systems. We also investigate social learning as sequential binary hypothesis testing. We find somewhat counterintuitively that unlike basic binary hypothesis …
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Component unit pricing theory
… exposing them to different degrees of risk. The theory describes the three identified sources of these rewards as well as provides the first explanation of the risks. It has identified the three types of risk involved and provides a model by which both the rewards as well as these risks can now …
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Rationality or irrationality of preferences? Quantitative tests of decision theories
… the linear order model and 49 versions of Cumulative Prospect Theory (CPT, Tversky and Kahneman, 1992a). For each decision theory, I use two kinds of probabilistic specifications to explain choice variability: a distance-based probabilistic specification models preferences as deterministic …
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Stochastic models in experimental economics
… after the introduction of Expected Utility Theory (EUT), economists and psychologists began publishing results that showed choices made by experimental subjects which apparently violate one or more of the EUT axioms. I discuss economists' responses to this evidence. These vary from …