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Psychology of Preference Reversals and Prominence Hypothesistion from procedural invariance. A deviation from procedural invariance refers to a trait by which preference is reversed by preference revelation procedures. Tversky et al. asserted that the preference reversal phenomenon was explainable by partial modification of expected utility theory such as tr创作 发表于 2025-3-29 15:20:05
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Axioms and Counterexamples Expected Utility Theoryt based on expected utility theory. This chapter will first explain the axiomatic system of expected utility theory, then how to approach the axiomatic system, with introduction of some counterexamples.去世 发表于 2025-3-29 21:14:54
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Prospect Theory and Decision-Making Phenomenaheory and nonlinear utility theory (or generalized expected utility theory). This chapter first reports the forecasts derived from the basic assumptions of prospect theory and empirical examples of such forecasts. It subsequently provides an overview of a new version of cumulative prospect theory th