<p>(A) Median percentage of choices of the option with the higher expected value, separately for the affect-rich and the affect-poor problems. In each box, the central mark is the median, the edges of the box are the 25th and 75th percentiles, and the whiskers extend to the most extreme data points. (B) Cumulative prospect theory’s weighting function fitted to the choices in the affect-poor and affect-rich problems (here, using the average parameter values across all participants; <a href="http://www.plosone.org/article/info:doi/10.1371/journal.pone.0122475#pone.0122475.t001" target="_blank">Table 1</a>). Probability levels used in the experiment are shaded. The dotted line indicates identity of probabilities and decision weights.</p
During the past years, a rapid growth has been seen in the descriptive approaches to decision choice...
[[abstract]]Proposed by Kahneman and Tversky as an alternative model for analyzing choice under risk...
Probability weighting functions relate objective probabilities and their subjective weights, and pla...
Empirical studies have shown that decision makers do not usually treat probabili-ties linearly. Inst...
<p><i>Note</i>. Standard deviations are in parentheses. γ and α model the sensitivity to probabiliti...
The assumption of an inverse S-shaped probability weighting function allows cumulative prospect theo...
Many different functional forms have been suggested for both the value function and probability weig...
This paper proposes a two-step method to successively elicit utility functions and decision weights ...
An important reason why people violate expected utility theory is probability weighting. Previous st...
In this paper we propose the use of preferred outcome distributions as a new method to elicit indivi...
I present new estimates of the probability weighting functions found in rankdependent theories of ch...
When individuals choose among risky alternatives, the psychological weight attached to an outcome ma...
In this paper we begin by stressing the empirical importance of non-linear weight-ing of probabiliti...
<p>This figure shows probability weighting functions, <i>w</i>(<i>p</i>), and individual participant...
Contains fulltext : 95483.pdf (publisher's version ) (Open Access)Cumulative prosp...
During the past years, a rapid growth has been seen in the descriptive approaches to decision choice...
[[abstract]]Proposed by Kahneman and Tversky as an alternative model for analyzing choice under risk...
Probability weighting functions relate objective probabilities and their subjective weights, and pla...
Empirical studies have shown that decision makers do not usually treat probabili-ties linearly. Inst...
<p><i>Note</i>. Standard deviations are in parentheses. γ and α model the sensitivity to probabiliti...
The assumption of an inverse S-shaped probability weighting function allows cumulative prospect theo...
Many different functional forms have been suggested for both the value function and probability weig...
This paper proposes a two-step method to successively elicit utility functions and decision weights ...
An important reason why people violate expected utility theory is probability weighting. Previous st...
In this paper we propose the use of preferred outcome distributions as a new method to elicit indivi...
I present new estimates of the probability weighting functions found in rankdependent theories of ch...
When individuals choose among risky alternatives, the psychological weight attached to an outcome ma...
In this paper we begin by stressing the empirical importance of non-linear weight-ing of probabiliti...
<p>This figure shows probability weighting functions, <i>w</i>(<i>p</i>), and individual participant...
Contains fulltext : 95483.pdf (publisher's version ) (Open Access)Cumulative prosp...
During the past years, a rapid growth has been seen in the descriptive approaches to decision choice...
[[abstract]]Proposed by Kahneman and Tversky as an alternative model for analyzing choice under risk...
Probability weighting functions relate objective probabilities and their subjective weights, and pla...