A Testing Method of Probability Weighting Functions From an Axiomatic Perspective

This study presents a testing approach to examine various models of probability weighting functions that are considered nonlinear functions of probability in behavioral decision theory, such as prospect theory. Although there are several empirical psychometric tests to examine probability weighting...

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Bibliographic Details
Main Authors: Kazuhisa Takemura, Hajime Murakami
Format: Article
Language:English
Published: Frontiers Media S.A. 2018-10-01
Series:Frontiers in Applied Mathematics and Statistics
Subjects:
Online Access:https://www.frontiersin.org/article/10.3389/fams.2018.00048/full