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

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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 language	English
Journal	Theory and Decision
Early online date	25 Mar 2022
DOIs	https://doi.org/10.1007/s11238-022-09885-w
Publication status	E-pub ahead of print - 25 Mar 2022

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The correct formula of 1979 prospect theory for multiple outcomes

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