A testing method of probability weighting functions from an axiomatic perspective

Kazuhisa Takemura*, Hajime Murakami

*この研究の対応する著者

研究成果: Article査読

抄録

This study presents a testing approach to examine various models of probability weighting functions that are considered nonlinear functions of probability in behavioral decision theory, such as prospect theory. Although there are several empirical psychometric tests to examine probability weighting functions, there is no concrete method to examine these functions’ axiomatic properties. We propose axiomatic properties and a testing method to examine the generalized hyperbolic logarithmic model, power model, and exponential power model of the probability weighting functions, and provide an illustrative example of the testing method.

本文言語English
論文番号48
ページ(範囲)1-8
ページ数8
ジャーナルFrontiers in Applied Mathematics and Statistics
4
DOI
出版ステータスPublished - 2018

ASJC Scopus subject areas

  • 統計学および確率
  • 応用数学

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