Stanley, J. and Coolen, F.P.A. (2019) 'Applying prospect theory to multi-attribute problems with independence assumptions.', Involve : a journal of mathematics., 12 (4). pp. 687-711.
Abstract
We discuss a descriptive theory of decision making which has received much attention in recent decades: prospect theory. We specifically focus on applying the theory to problems with two attributes, assisted by different independence assumptions. We discuss a process for solving decision problems using the theory before applying it to a real life example of purchasing breakdown cover.
| Item Type: | Article |
|---|---|
| Full text: | Publisher-imposed embargo (AM) Accepted Manuscript File format - PDF (288Kb) |
| Full text: | (VoR) Version of Record Download PDF (591Kb) |
| Status: | Peer-reviewed |
| Publisher Web site: | https://doi.org/10.2140/involve.2019.12.687 |
| Publisher statement: | First published in Involve: a journal of in Vol. 12 (2019), No. 4, published by Mathematical Sciences Publishers. © 2019 Mathematical Sciences Publishers. All rights reserved. |
| Date accepted: | 15 November 2018 |
| Date deposited: | 16 November 2018 |
| Date of first online publication: | 16 April 2019 |
| Date first made open access: | No date available |
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