{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,5,29]],"date-time":"2026-05-29T15:18:50Z","timestamp":1780067930339,"version":"3.54.0"},"publisher-location":"Cham","reference-count":47,"publisher":"Springer International Publishing","isbn-type":[{"value":"9783319204505","type":"print"},{"value":"9783319204512","type":"electronic"}],"license":[{"start":{"date-parts":[[2016,1,1]],"date-time":"2016-01-01T00:00:00Z","timestamp":1451606400000},"content-version":"unspecified","delay-in-days":0,"URL":"http:\/\/www.springer.com\/tdm"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":[],"published-print":{"date-parts":[[2016]]},"DOI":"10.1007\/978-3-319-20451-2_24","type":"book-chapter","created":{"date-parts":[[2016,6,7]],"date-time":"2016-06-07T10:46:42Z","timestamp":1465296402000},"page":"493-519","source":"Crossref","is-referenced-by-count":22,"title":["Advances in Prospect Theory: Cumulative Representation of Uncertainty"],"prefix":"10.1007","author":[{"given":"Amos","family":"Tversky","sequence":"first","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Daniel","family":"Kahneman","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"297","reference":[{"key":"24_CR1","doi-asserted-by":"publisher","first-page":"503","DOI":"10.2307\/1907921","volume":"21","author":"M Allais","year":"1953","unstructured":"Allais, M. (1953). Le comportement de l\u2019homme rationel devant le risque, critique des postulates et axiomes de l\u2019ecole americaine. Econometrica, 21, 503\u2013546.","journal-title":"Econometrica"},{"key":"24_CR2","doi-asserted-by":"publisher","first-page":"1","DOI":"10.1111\/j.1465-7295.1982.tb01138.x","volume":"20","author":"KJ Arrow","year":"1982","unstructured":"Arrow, K. J. (1982). Risk perception in psychology and economies. Economic Inquiry, 20, 1\u20139.","journal-title":"Economic Inquiry"},{"key":"24_CR3","doi-asserted-by":"publisher","first-page":"61","DOI":"10.1007\/BF00055711","volume":"2","author":"CF Camerer","year":"1989","unstructured":"Camerer, C. F. (1989). An experimental test of several generalized utility theories. Journal of Risk and Uncertainty, 2, 61\u2013104.","journal-title":"Journal of Risk and Uncertainty"},{"key":"24_CR4","volume-title":"Utility: Theories, measurement and applications","author":"CF Camerer","year":"1992","unstructured":"Camerer, C. F. (1992). Recent tests of generalizations of expected utility theory. In W. Edwards (Ed.), Utility: Theories, measurement and applications. Boston: Kluwer Academic Publishers."},{"key":"24_CR5","unstructured":"Camerer, C. F., & Ho, T.-H., (1991). Nonlinear weighting of probabilities and violations of the betweenness axiom. Unpublished manuscript, The Wharton School, University of Pennsylvania."},{"key":"24_CR6","unstructured":"Chew, S.-H. (1989). An axiomatic generalization of the quasilinear mean and the gini mean with application to decision theory, Unpublished manuscript, Department of Economics, University of California at Irvine."},{"key":"24_CR7","doi-asserted-by":"publisher","first-page":"131","DOI":"10.5802\/aif.53","volume":"5","author":"G Choquet","year":"1955","unstructured":"Choquet, G. (1955). Theory of capacities. Annales de L\u2019Institut Fourier, 5, 131\u2013295.","journal-title":"Annales de L\u2019Institut Fourier"},{"key":"24_CR8","doi-asserted-by":"publisher","first-page":"1","DOI":"10.1016\/0749-5978(87)90043-4","volume":"39","author":"M Cohen","year":"1987","unstructured":"Cohen, M., Jaffray, J.-Y., & Said, T. (1987). Experimental comparison of individual behavior under risk and under uncertainty for gains and for losses. Organizational Behavior and Human Decision Processes, 39, 1\u201322.","journal-title":"Organizational Behavior and Human Decision Processes"},{"key":"24_CR9","doi-asserted-by":"publisher","first-page":"643","DOI":"10.2307\/1884324","volume":"75","author":"D Ellsberg","year":"1961","unstructured":"Ellsberg, D. (1961). Risk, ambiguity, and the savage axioms. Quarterly Journal of Economics, 75, 643\u2013669.","journal-title":"Quarterly Journal of Economics"},{"key":"24_CR10","volume-title":"Nonlinear preference and utility theory","author":"PC Fishburn","year":"1988","unstructured":"Fishburn, P. C. (1988). Nonlinear preference and utility theory. Baltimore: The Johns Hopkins University Press."},{"key":"24_CR11","doi-asserted-by":"publisher","first-page":"65","DOI":"10.1016\/0304-4068(87)90022-X","volume":"16","author":"I Gilboa","year":"1987","unstructured":"Gilboa, I. (1987). Expected utility with purely subjective non-additive probabilities. Journal of Mathematical Economics, 16, 65\u201388.","journal-title":"Journal of Mathematical Economics"},{"key":"24_CR12","doi-asserted-by":"publisher","first-page":"5","DOI":"10.1007\/BF00057884","volume":"4","author":"C Heath","year":"1991","unstructured":"Heath, C., & Tversky, A. (1991). Preference and belief: Ambiguity and competence in choice under uncertainty. Journal of Risk and Uncertainty, 4, 5\u201328.","journal-title":"Journal of Risk and Uncertainty"},{"key":"24_CR13","doi-asserted-by":"publisher","first-page":"395","DOI":"10.1016\/0030-5073(80)90037-9","volume":"25","author":"JC Hershey","year":"1980","unstructured":"Hershey, J. C., & Schoemaker, P. J. H. (1980). Prospect theory\u2019s reflection hypothesis: A critical examination. Organizational Behavior and Human Performance, 25, 395\u2013418.","journal-title":"Organizational Behavior and Human Performance"},{"key":"24_CR14","doi-asserted-by":"publisher","first-page":"780","DOI":"10.1287\/mnsc.36.7.780","volume":"36","author":"R Hogarth","year":"1990","unstructured":"Hogarth, R., & Einhorn, H. (1990). Venture theory: A model of decision weights. Management Science, 36, 780\u2013803.","journal-title":"Management Science"},{"key":"24_CR15","unstructured":"Kachelmeier, S. J., & Shehata, M. (1992). Examining risk preferences under high monetary incentives: Experimental evidence from the People\u2019s Republic of China. American Economic Review, 82(5), 1120\u20131141."},{"key":"24_CR16","doi-asserted-by":"publisher","first-page":"263","DOI":"10.2307\/1914185","volume":"47","author":"D Kahneman","year":"1979","unstructured":"Kahneman, D., & Tversky, A. (1979). Prospect theory: An analysis of decision under risk. Econometrica, 47, 263\u2013291.","journal-title":"Econometrica"},{"key":"24_CR17","doi-asserted-by":"publisher","first-page":"341","DOI":"10.1037\/0003-066X.39.4.341","volume":"39","author":"D Kahneman","year":"1984","unstructured":"Kahneman, D., & Tversky, A. (1984). Choices, values and frames. American Psychologist, 39, 341\u2013350.","journal-title":"American Psychologist"},{"key":"24_CR18","volume-title":"Judgment under uncertainty: Heuristics and biases","year":"1982","unstructured":"Kahneman, D., Slovic, P., & Tversky, A. (Eds.). (1982). Judgment under uncertainty: Heuristics and biases. New York: Cambridge University Press."},{"key":"24_CR19","doi-asserted-by":"publisher","first-page":"805","DOI":"10.2307\/2232669","volume":"92","author":"G Loomes","year":"1982","unstructured":"Loomes, G., & Sugden, R. (1982a). Regret theory: An alternative theory of rational choice under uncertainty. The Economic Journal, 92, 805\u2013824.","journal-title":"The Economic Journal"},{"key":"24_CR20","doi-asserted-by":"publisher","first-page":"270","DOI":"10.1016\/0022-0531(87)90020-2","volume":"41","author":"G Loomes","year":"1982","unstructured":"Loomes, G., & Sugden, R. (1982b). Some implications of a more general form of regret theory. Journal of Economic Theory, 41, 270\u2013287.","journal-title":"Journal of Economic Theory"},{"key":"24_CR21","doi-asserted-by":"publisher","first-page":"29","DOI":"10.1007\/BF00057885","volume":"4","author":"RD Luce","year":"1991","unstructured":"Luce, R. D., & Fishburn, P. C. (1991). Rank- and sign-dependent linear utility models for finite first-order gambles. Journal of Risk and Uncertainty, 4, 29\u201359.","journal-title":"Journal of Risk and Uncertainty"},{"issue":"1","key":"24_CR22","doi-asserted-by":"publisher","first-page":"121","DOI":"10.1257\/jep.1.1.121","volume":"1","author":"MJ Machina","year":"1987","unstructured":"Machina, M. J. (1987). Choice under uncertainty: Problems solved and unsolved. Economic Perspectives, 1(1), 121\u2013154.","journal-title":"Economic Perspectives"},{"key":"24_CR23","doi-asserted-by":"publisher","first-page":"111","DOI":"10.2307\/1907264","volume":"18","author":"J Marschak","year":"1950","unstructured":"Marschak, J. (1950). Rational behavior, uncertain prospects, and measurable utility. Econometrica, 18, 111\u2013114.","journal-title":"Econometrica"},{"key":"24_CR24","doi-asserted-by":"publisher","first-page":"346","DOI":"10.1016\/0022-0531(90)90022-C","volume":"51","author":"Y Nakamura","year":"1990","unstructured":"Nakamura, Y. (1990). Subjective expected utility with non-additive probabilities on finite state space. Journal of Economic Theory, 51, 346\u2013366.","journal-title":"Journal of Economic Theory"},{"key":"24_CR25","unstructured":"Prelec, D. (1989). On the shape of the decision weight function. Unpublished manuscript, Harvard Graduate School of Business Administration."},{"key":"24_CR26","doi-asserted-by":"publisher","first-page":"247","DOI":"10.1007\/BF00116783","volume":"3","author":"D Prelec","year":"1990","unstructured":"Prelec, D. (1990). A \u2018Pseudo-endowment\u2019 effect, and its implications for some recent non-expected utility models. Journal of Risk and Uncertainty, 3, 247\u2013259.","journal-title":"Journal of Risk and Uncertainty"},{"key":"24_CR27","doi-asserted-by":"publisher","first-page":"323","DOI":"10.1016\/0167-2681(82)90008-7","volume":"3","author":"J Quiggin","year":"1982","unstructured":"Quiggin, J. (1982). A theory of anticipated utility. Journal of Economic Behavior and Organization, 3, 323\u2013343.","journal-title":"Journal of Economic Behavior and Organization"},{"key":"24_CR28","volume-title":"The foundations of statistics","author":"LJ Savage","year":"1954","unstructured":"Savage, L. J. (1954). The foundations of statistics. New York: Wiley."},{"key":"24_CR29","doi-asserted-by":"publisher","first-page":"571","DOI":"10.2307\/1911053","volume":"57","author":"D Schmeidler","year":"1989","unstructured":"Schmeidler, D. (1989). Subjective probability and expected utility without additivity. Econometrica, 57, 571\u2013587.","journal-title":"Econometrica"},{"key":"24_CR30","doi-asserted-by":"publisher","first-page":"359","DOI":"10.1007\/BF02283529","volume":"19","author":"U Segal","year":"1989","unstructured":"Segal, U. (1989). Axiomatic representation of expected utility with rank-dependent probabilities. Annals of Operations Research, 19, 359\u2013373.","journal-title":"Annals of Operations Research"},{"key":"24_CR31","unstructured":"Smith, V. L., & Walker, J. M. (1992). Monetary rewards and decision cost in experimental economics. Unpublished manuscript, Economic Science Lab, University of Arizona."},{"key":"24_CR32","doi-asserted-by":"publisher","first-page":"79","DOI":"10.1007\/BF02283515","volume":"19","author":"C Starmer","year":"1989","unstructured":"Starmer, C., & Sugden, R. (1989). Violations of the independence axiom in common ratio problems: An experimental test of some competing hypotheses. Annals of Operations Research, 19, 79\u2013102.","journal-title":"Annals of Operations Research"},{"key":"24_CR33","doi-asserted-by":"publisher","first-page":"31","DOI":"10.1037\/h0026750","volume":"76","author":"A Tversky","year":"1969","unstructured":"Tversky, A. (1969). The intransitivity of preferences. Psychology Review, 76, 31\u201348.","journal-title":"Psychology Review"},{"issue":"S4","key":"24_CR34","doi-asserted-by":"crossref","first-page":"S251","DOI":"10.1086\/296365","volume":"59","author":"Amos Tversky","year":"1986","unstructured":"Tversky, A., Kahneman, D. (1986). Rational choice and the framing of decisions, The Journal of Business 59(4), part 2, S251\u2013S278.","journal-title":"The Journal of Business"},{"issue":"4","key":"24_CR35","doi-asserted-by":"publisher","first-page":"1039","DOI":"10.2307\/2937956","volume":"107","author":"A Tversky","year":"1991","unstructured":"Tversky, A., & Kahneman, D. (1991). Loss aversion in riskless choice: A reference dependent model. Quarterly Journal of Economics, 107(4), 1039\u20131061.","journal-title":"Quarterly Journal of Economics"},{"issue":"3","key":"24_CR36","doi-asserted-by":"publisher","first-page":"371","DOI":"10.1037\/0033-295X.95.3.371","volume":"95","author":"A Tversky","year":"1988","unstructured":"Tversky, A., Sattath, S., & Slovic, P. (1988). Contingent weighting in judgment and choice. Psychological Review, 95(3), 371\u2013384.","journal-title":"Psychological Review"},{"issue":"1","key":"24_CR37","first-page":"204","volume":"80","author":"A Tversky","year":"1990","unstructured":"Tversky, A., Slovic, P., & Kahneman, D. (1990). The causes of preference reversal. The American Economic Review, 80(1), 204\u2013217.","journal-title":"The American Economic Review"},{"key":"24_CR38","doi-asserted-by":"publisher","first-page":"235","DOI":"10.1007\/BF00209389","volume":"2","author":"KW Viscusi","year":"1989","unstructured":"Viscusi, K. W. (1989). Prospective reference theory: Toward an explanation of the paradoxes. Journal of Risk and Uncertainty, 2, 235\u2013264.","journal-title":"Journal of Risk and Uncertainty"},{"key":"24_CR39","doi-asserted-by":"publisher","DOI":"10.1007\/978-94-015-7815-8","volume-title":"Additive representations of preferences: A new foundation in decision analysis","author":"PP Wakker","year":"1989","unstructured":"Wakker, P. P. (1989a). Additive representations of preferences: A new foundation in decision analysis. Dordrecht: Kluwer Academic Publishers."},{"key":"24_CR40","doi-asserted-by":"publisher","first-page":"1","DOI":"10.1016\/0304-4068(89)90002-5","volume":"18","author":"PP Wakker","year":"1989","unstructured":"Wakker, P. P. (1989b). Continuous subjective expected utility with nonadditive probabilities. Journal of Mathematical Economics, 18, 1\u201327.","journal-title":"Journal of Mathematical Economics"},{"key":"24_CR41","unstructured":"Wakker, P. P. (1990). Separating marginal utility and risk aversion. Unpublished manuscript, University of Nijmegen, The Netherlands."},{"key":"24_CR42","doi-asserted-by":"publisher","first-page":"71","DOI":"10.1007\/978-1-4613-9728-1_4","volume-title":"Mathematical psychology: Current developments","author":"PP Wakker","year":"1991","unstructured":"Wakker, P. P. (1991). Additive representations of preferences, a new foundation of decision analysis; the algebraic approach. In J. D. Doignon & J. C. Falmagne (Eds.), Mathematical psychology: Current developments (pp. 71\u201387). Berlin: Springer."},{"issue":"1","key":"24_CR43","doi-asserted-by":"publisher","first-page":"1","DOI":"10.1016\/0304-4068(93)90027-I","volume":"22","author":"P Wakker","year":"1993","unstructured":"Wakker, P. (1993). Additive representations on rank-ordered sets: II. The topological approach. Journal of Mathematical Economics, 22(1), 1\u201326.","journal-title":"Journal of Mathematical Economics"},{"key":"24_CR44","unstructured":"Wakker, P. P., & Tversky, A. (1991). An axiomatization of cumulative prospect theory. Unpublished manuscript. University of Nijmegan, the Netherlands."},{"key":"24_CR45","doi-asserted-by":"publisher","first-page":"115","DOI":"10.1007\/BF02283517","volume":"19","author":"DA Wehrung","year":"1989","unstructured":"Wehrung, D. A. (1989). Risk taking over gains and losses: A study of oil executives. Annals of Operations Research, 19, 115\u2013139.","journal-title":"Annals of Operations Research"},{"key":"24_CR46","doi-asserted-by":"publisher","first-page":"409","DOI":"10.1016\/0165-4896(81)90018-4","volume":"1","author":"JA Weymark","year":"1981","unstructured":"Weymark, J. A. (1981). Generalized gini inequality indices. Mathematical Social Sciences, 1, 409\u2013430.","journal-title":"Mathematical Social Sciences"},{"key":"24_CR47","doi-asserted-by":"publisher","first-page":"95","DOI":"10.2307\/1911158","volume":"55","author":"ME Yaari","year":"1987","unstructured":"Yaari, M. E. (1987). The dual theory of choice under risk. Econometrica, 55, 95\u2013115.","journal-title":"Econometrica"}],"container-title":["Readings in Formal Epistemology"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/link.springer.com\/content\/pdf\/10.1007\/978-3-319-20451-2_24","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2023,2,21]],"date-time":"2023-02-21T18:04:03Z","timestamp":1677002643000},"score":1,"resource":{"primary":{"URL":"https:\/\/link.springer.com\/10.1007\/978-3-319-20451-2_24"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2016]]},"ISBN":["9783319204505","9783319204512"],"references-count":47,"URL":"https:\/\/doi.org\/10.1007\/978-3-319-20451-2_24","relation":{},"subject":[],"published":{"date-parts":[[2016]]}}}