WP 2016-05 Cumulative Prospect Theory in the Laboratory: A Reconsideration

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Forthcoming in G.W. Harrison and D. Ross (eds.), Models of Risk Preferences: Descriptive and Normative Challenges (Bingley, UK: Emerald, Research in Experimental Economics, 2021).

AUTHORS: Glenn W. Harrison and J. Todd Swarthout

ABSTRACT: We take Cumulative Prospect Theory (CPT) seriously by rigorously estimating structural models using the full set of CPT… more »