Presented By: Social, Behavioral, and Experimental Economics (SBEE)
Social, Behavioral & Experimental Economics (SBEE)
The Probability Weighting Function: Prospect Theory's Neglected and Misunderstood Ingredient presented by Richard Gonzalez, University of Michigan
Abstract:
I will review the role of the weighting function in Prospect Theory, examine some new insights, and discuss some misunderstandings that has emerged in the literature.
I will review the role of the weighting function in Prospect Theory, examine some new insights, and discuss some misunderstandings that has emerged in the literature.
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