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The expo-power value function as a candidate for the work-horse specification in parametric versions of cumulative prospect theory

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The expo-power value function as a candidate for the work-horse specification in parametric versions of cumulative prospect theory. / Peel, D; Zhang, J.
In: Economics Letters, Vol. 105, No. 3, 2009, p. 326-329.

Research output: Contribution to Journal/Magazine › Journal article

Harvard

Peel, D & Zhang, J 2009, 'The expo-power value function as a candidate for the work-horse specification in parametric versions of cumulative prospect theory', Economics Letters, vol. 105, no. 3, pp. 326-329. https://doi.org/10.1016/j.econlet.2009.09.007

APA

Peel, D., & Zhang, J. (2009). The expo-power value function as a candidate for the work-horse specification in parametric versions of cumulative prospect theory. Economics Letters, 105(3), 326-329. https://doi.org/10.1016/j.econlet.2009.09.007

Vancouver

Peel D, Zhang J. The expo-power value function as a candidate for the work-horse specification in parametric versions of cumulative prospect theory. Economics Letters. 2009;105(3):326-329. doi: 10.1016/j.econlet.2009.09.007

Author

Peel, D ; Zhang, J. / The expo-power value function as a candidate for the work-horse specification in parametric versions of cumulative prospect theory. In: Economics Letters. 2009 ; Vol. 105, No. 3. pp. 326-329.

Bibtex

@article{4f651798627d4f70a73ed0786279ac95,
title = "The expo-power value function as a candidate for the work-horse specification in parametric versions of cumulative prospect theory",
abstract = "The piecewise power value function proposed by Kahneman and Tversky is inconsistent with both theoretical and experimental work. We propose the expo-power function as an alternative to the power function and examine its ability to explain choices in Allais experiments.",
author = "D Peel and J Zhang",
year = "2009",
doi = "10.1016/j.econlet.2009.09.007",
language = "English",
volume = "105",
pages = "326--329",
journal = "Economics Letters",
issn = "0165-1765",
publisher = "Elsevier",
number = "3",

}

RIS

TY - JOUR

T1 - The expo-power value function as a candidate for the work-horse specification in parametric versions of cumulative prospect theory

AU - Peel, D

AU - Zhang, J

PY - 2009

Y1 - 2009

N2 - The piecewise power value function proposed by Kahneman and Tversky is inconsistent with both theoretical and experimental work. We propose the expo-power function as an alternative to the power function and examine its ability to explain choices in Allais experiments.

AB - The piecewise power value function proposed by Kahneman and Tversky is inconsistent with both theoretical and experimental work. We propose the expo-power function as an alternative to the power function and examine its ability to explain choices in Allais experiments.

U2 - 10.1016/j.econlet.2009.09.007

DO - 10.1016/j.econlet.2009.09.007

M3 - Journal article

VL - 105

SP - 326

EP - 329

JO - Economics Letters

JF - Economics Letters

SN - 0165-1765

IS - 3

ER -