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Arousal Loss aversion Near-miss Prospect theory Somatic marker hypothesis Adult Choice Behavior Decision Making Female Galvanic Skin Response Gambling Heart Rate Humans Male Reward risk Risk-Taking Young Adult

REITS performance Capital Structure behavioral finance Prospect theory risk preferences

Anchoring Displacement Gentrification Prospect theory

Prospect theory Behavioral economics Judgmental bias Field experiment China

This study investigated how the experience of different reward distributions would shape the utility functions that can be inferred from economic choice. Despite the generally accepted notion that utility functions are not...

choice Prospect theory Reference risk standard deviation Animals Choice Behavior Macaca mulatta Reward

When prospect theory (PT) is applied in a dynamic context, the probability weighting component brings new challenges. We study PT agents facing optimal timing decisions and consider the impact of allowing them to follow...

Behavioral economics Prospect theory probability weighting randomized strategies

Land reallocations Induced and imposed institutional change Prospect theory Land market in China

Decisions can be risky or riskless, depending on the outcomes of the choice. Expected utility theory describes risky choices as a utility maximization process: we choose the option with the highest subjective value (utility)...

decision-making economic choice Gamble Preference Prospect theory Animals Brain Choice Behavior Decision Making Macaca mulatta Probability Risk-Taking