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On skew preference or non-skew preference of a CPT DM revealed in lottery choices with three payoffs

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On skew preference or non-skew preference of a CPT DM revealed in lottery choices with three payoffs. / Peel, D.; Zhang, J.
In: Economics Letters, Vol. 235, 111549, 29.02.2024.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Peel, D & Zhang, J 2024, 'On skew preference or non-skew preference of a CPT DM revealed in lottery choices with three payoffs', Economics Letters, vol. 235, 111549. https://doi.org/10.1016/j.econlet.2024.111549

APA

Peel, D., & Zhang, J. (2024). On skew preference or non-skew preference of a CPT DM revealed in lottery choices with three payoffs. Economics Letters, 235, Article 111549. https://doi.org/10.1016/j.econlet.2024.111549

Vancouver

Peel D, Zhang J. On skew preference or non-skew preference of a CPT DM revealed in lottery choices with three payoffs. Economics Letters. 2024 Feb 29;235:111549. Epub 2024 Jan 19. doi: 10.1016/j.econlet.2024.111549

Author

Peel, D. ; Zhang, J. / On skew preference or non-skew preference of a CPT DM revealed in lottery choices with three payoffs. In: Economics Letters. 2024 ; Vol. 235.

Bibtex

@article{2024dea0c3a14d0b9d84ea8d082a6200,
title = "On skew preference or non-skew preference of a CPT DM revealed in lottery choices with three payoffs",
abstract = "In this letter we illustrate that the representative Cumulative Prospect Decision Maker when choosing between lotteries with three payoffs that exhibit the same probabilities of payoffs and expected return and variance can exhibit either skew preference or non-skew preference and consequently explain the conflicting experimental result reported in the literature.",
keywords = "Cumulative prospect theory, Skewness, Kurtosis, Lotteries",
author = "D. Peel and J. Zhang",
year = "2024",
month = feb,
day = "29",
doi = "10.1016/j.econlet.2024.111549",
language = "English",
volume = "235",
journal = "Economics Letters",
issn = "0165-1765",
publisher = "Elsevier",

}

RIS

TY - JOUR

T1 - On skew preference or non-skew preference of a CPT DM revealed in lottery choices with three payoffs

AU - Peel, D.

AU - Zhang, J.

PY - 2024/2/29

Y1 - 2024/2/29

N2 - In this letter we illustrate that the representative Cumulative Prospect Decision Maker when choosing between lotteries with three payoffs that exhibit the same probabilities of payoffs and expected return and variance can exhibit either skew preference or non-skew preference and consequently explain the conflicting experimental result reported in the literature.

AB - In this letter we illustrate that the representative Cumulative Prospect Decision Maker when choosing between lotteries with three payoffs that exhibit the same probabilities of payoffs and expected return and variance can exhibit either skew preference or non-skew preference and consequently explain the conflicting experimental result reported in the literature.

KW - Cumulative prospect theory

KW - Skewness

KW - Kurtosis

KW - Lotteries

U2 - 10.1016/j.econlet.2024.111549

DO - 10.1016/j.econlet.2024.111549

M3 - Journal article

VL - 235

JO - Economics Letters

JF - Economics Letters

SN - 0165-1765

M1 - 111549

ER -