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 20 of 76 for “"Prospect Theory"”.
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Prospect Theory in the Housing Market
… towards losses and gains, is a core concept in prospect theory. Similar to behavioural sciences in general, loss aversion has been widely applied in various research areas. However, evidence of this concept in residential real estate remains scarce and limited. Advances in this line of research …
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Essays on Prospect Theory, Dynamic Contracting and Procurement
… is an explanation for common stylized facts of prospect theory like loss aversion, status quo bias and non-linear probability weighting. Locally limited utility knowledge is considered within a classical demand model framework, suggesting that costs of inefficient search for optimal consumption …
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Essays in Behavioral Economics: Applying Prospect theory to Auctions
… auctions. In the first part, I develop a Prospect theory based model to explain bidding in first-price auctions. I show that bidding in induced-value first-price sealed-bid auctions can be rationalized as a combination of reactions to underlying ambiguity and anticipated loss aversion. …
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The domestic and international dimensions of risk: prospect theory and Argentina
… seems to be rooted in rational-choice decision theory, expecting that policymakers should make policy choices based on perceptions of absolute utility. However, analyzing Argentine foreign policy from an historical perspective using a relatively new theory yields interesting results and points …
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Robo-Advising on South African Exchange Traded Funds utilizing Prospect Theory
Robo-advising is an emerging trend in markets around the world. The term has come to refer almost exclusively to automated advisory services for financial investments or wealth management. Currently, in the South African market, financial services firms offer their own robo-advising platforms that …
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The use of prospect theory framework in constrained multi-objective particle swarm optimisation
… 1979 into mathematical equations represented by prospect theory (PT).Including PT in the proposed methods help to direct the swarm towards the feasibleregion, encourage the swarm to explore a new area in the search space andconsequently, improve the convergence to the optimal solution (or the …
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Why did Mexico not privatise the electricity sector? - an application of prospect theory
… by applying the most important behavioural theory of choice under risk, Prospect Theory (PT). The thesis hypotheses that privatisation of the Mexican electricity industry was not implemented because there were specific conditions that led decision-makers to behave in a risk-averse way. For …
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BARRIERS TO CONSTRUCTIVE CONFLICT: TESTING PROSPECT THEORY & THE ROLE OF LANGUAGE FRAMING IN SOCIAL CONFLICT
Prospect theory (Tversky & Kahneman, 1979) predicts that decision-makers work to avoid loss and maximize gains, even when outcomes are expected to be equal. Aversion to loss, and the feelings associated with loss, operates as a strong, often unconscious, bias that guides cognitive understanding of …
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Necessary and Sufficient Criticality in a Minimal Cooperating Set Dilemma: A Revised Application of Prospect Theory
… fairness, fear and greed, and two approaches of Prospect Theory. Participants, in groups of size n = 7, could chose cooperatively or non-cooperatively for each of several games that varied by level of provision threshold (m), decision frame, and apparent cooperativeness of others, (P(C)). While …
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Fighting for frames or prospects for peace? : building a prospect theory model of ethnic civil war termination
… scholars have employed expected utility theory and the security dilemma to construct models of how ethnic combatants choose between settling their differences at the bargaining table or on the battlefield. Rooted in the rational choice paradigm, these models draw upon utility calculations …
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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
… 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 models. The …
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The Challenge of Modifying Deviant Behavior: Restructuring Incentives in Renegade Regimes
… of rational choice and expected-utility theory with prospect theory in the decision calculus of renegade regimes. Finally, this thesis creates a basic model for limited prediction by combining expectations of prospect theory with the incentive offsetting/incentive restructuring (IO/IR) …
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Behavioral decision theory and the negotiation process; effects of agenda and frame
… (Expected Value, Expected Utility, and Prospect Theory) by fitting utility functions to negotiation behavior observed in a laboratory setting. In addition to inferring the form of the utility function from observed negotiation behavior, utility functions were measured directly. Results …
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Two Essays in Business Cycle Theory
… follows up on this argument by incorporating prospect theory into the formulation of individual preferences. Prospect theory proposes that agents care about changes in their wealth level rather than the level of their final wealth, and individuals are also taken to be more sensitive to losses …
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Framing mediator decisions through the development of expectations: A range-frequency explanation
An integration of range-frequency theory, a theory of psychophysical judgment, and prospect theory, a theory of choice behavior under risk, is proposed. A critical assumption of prospect theory is that the reference point, which guides the riskiness of choice behavior, is modeled after Helson's …
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Modeling and analysis of affective influences on human experience, prediction, decision making, and behavior
… extends and integrates existing theories of prospect theory (PT) and reinforcement learning (RL), drawing on a growing literature offering the role of affect in decision making and the neural underpinnings of human decision behavior. The proposed Affective-Cognitive (AC) model extends …
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Kenyan Vegetable Farmers' IPM adoption: barriers and impacts
… 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 differed by …
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Essays on loss aversion and household portfolio choice
… and savings decisions. The first chapter, ""Prospect Theory and Insurance Demand,"" tries to answer the question of why a substantial fraction of households remains uninsured even if classical expected utility theory predicts that it is beneficial to own insurance. This chapter posits that …
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