The correct formula of 1979 prospect theory for multiple outcomes

Peter P. Wakker

doi:10.1007/s11238-022-09885-w

The correct formula of 1979 prospect theory for multiple outcomes

Peter P. Wakker^*

^*Corresponding author for this work

Applied Economics

Research output: Contribution to journal › Article › Academic › peer-review

7 Citations (Scopus)

37 Downloads (Pure)

Abstract

Whereas original prospect theory was introduced over 40 years ago, its formula for multi-outcome prospects has never yet been published, resulting in many misunderstandings. This note provides that formula.

Original language	English
Pages (from-to)	183-187
Number of pages	5
Journal	Theory and Decision
Volume	94
Issue number	2
Early online date	25 Mar 2022
DOIs	https://doi.org/10.1007/s11238-022-09885-w https://doi.org/10.1007/s11238-022-09885-w
Publication status	Published - 27 Feb 2023

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The correct formula of 1979 prospect theory for multiple outcomes

Abstract

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