Expected subjective value theory: A representation of decision under risk & certainty
doi.org/10.1016/j.jebo.2022.12
"…sheds new light on the computational origins & evolution of attitudes & aversion to outcomes below reward expectation (reference point)
…delivers novel explanations of the , the observed in probability weighting functions, & the , all with fewer parameters & higher descriptive accuracy than ."
tymula.com/agnieszka/wp-conten

#prospecttheory #allaisparadox #heterogeneity #endowmenteffect #risk

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