A parametric analysis of prospect theory's functionals for the general population

This paper presents the results of an experiment that completely measures the utility function and probability weighting function for different positive and negative monetary outcomes, using a representative sample of N = 1935 from the general public. The results confirm earlier findings in the lab,...

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Bibliographic details
Volume: 4117
Main Author: Booij, Adam S
Praag, Bernard M. S. van
Kuilen, Gijs van de
Format: Book
Language: English
Place of publication: Bonn IZA 2009
Data of publication: 2009
Series: IZA discussion papers
Online Access: available in Bonn?
Database: FIS Bildung Literaturdatenbank
Database information Databases - DBIS