The correct formula of 1979 prospect theory for multiple outcomes

Peter P. Wakker*

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

3 Citations (Scopus)
43 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 languageEnglish
Pages (from-to)183-187
Number of pages5
JournalTheory and Decision
Volume94
Issue number2
Early online date25 Mar 2022
DOIs
Publication statusPublished - 27 Feb 2023

Bibliographical note

Publisher Copyright: © 2022, The Author(s).

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