On skew preference or non-skew preference of a CPT DM revealed in lottery choices with three payoffs

C-Tier
Journal: Economics Letters
Year: 2024
Volume: 235
Issue: C

Authors (2)

Peel, David (Lancaster University) Zhang, Jie (not in RePEc)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In this letter we illustrate that the representative Cumulative Prospect Decision Maker when choosing between lotteries with three payoffs that exhibit the same probabilities of payoffs and expected return and variance can exhibit either skew preference or non-skew preference and consequently explain the conflicting experimental result reported in the literature.

Technical Details

RePEc Handle
repec:eee:ecolet:v:235:y:2024:i:c:s0165176524000338
Journal Field
General
Author Count
2
Added to Database
2026-01-28