Expected subjective value theory: A representation of decision under risk & certainty
https://doi.org/10.1016/j.jebo.2022.12.013
"…sheds new light on the computational origins & evolution of #risk attitudes & aversion to outcomes below reward expectation (reference point)
…delivers novel explanations of the #EndowmentEffect, the observed #heterogeneity in probability weighting functions, & the #AllaisParadox, all with fewer parameters & higher descriptive accuracy than #ProspectTheory."
https://www.tymula.com/agnieszka/wp-content/uploads/sites/3/2016/04/2018_ESVT_2018_09_26.pdf