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.
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.
|Full text:||Publisher-imposed embargo |
(AM) Accepted Manuscript
File format - PDF (288Kb)
|Full text:||(VoR) Version of Record|
Download PDF (591Kb)
|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|
Save or Share this output
|Look up in GoogleScholar|