Prospect theory in decision making process
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2014
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Abstract (EN)
ABSTRACT: This thesis purposes the investigation of the prospect theory in decision making process. The theoretical aspects and basic concepts of the prospect theory for the decision making under uncertainty and risk are analyzed. The editing and evaluation phases of prospect theory are discussed. The expected utility, value and weighting functions are calculated. The utility functions for rational decision making by evaluating gains and losses are considered. Keywords: Prospect theory, Decision making, Expected utility, Value and weighting functions, Utility functions. …………………………………………………………………………………………………………………………
Author
Nisreen Lukman Abdulnabi
How to Cite
Nisreen Lukman Abdulnabi (Master Thesis). Prospect theory in decision making process, 2014, Eastern Mediterranean University, Department of Mathematics.
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