Modeling Gain-Loss Asymmetries in Risky Choice: The Critical Role of Probability Weighting

Keyphrases

• Value Function 100%
• Prospect Theory 100%
• Risky Choice 100%
• Probability Weighting 100%
• Gain-loss Asymmetry 100%
• Loss Aversion 66%
• Kink 66%
• Weight Function 66%
• Risky Decisions 66%
• Negative Consequences 33%
• Positive Consequences 33%
• Empirical Regularity 33%
• Strong Impact 33%
• Theory Framework 33%
• Domain Loss 33%
• People Behaviour 33%
• Subjective Utility 33%
• Kahneman 33%
• Differential Probability 33%
• Tversky 33%
• Objective Probability 33%
• Choice Rules 33%
• Decision Weights 33%

Psychology

• Prospect Theory 100%
• Decision Making 33%

Economics, Econometrics and Finance

• Prospect Theory 100%