The correct formula of 1979 prospect theory for multiple outcomes

Peter P. Wakker*

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

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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 languageEnglish
JournalTheory and Decision
Early online date25 Mar 2022
DOIs
Publication statusE-pub ahead of print - 25 Mar 2022

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