Tests of Cumulative Prospect Theory with graphical displays of probability

Recent research reported evidence that contradicts cumulative prospect theory and the priority heuristic. The same body of research also violates two editing principles of original prospect theory: cancellation (the principle that people delete any attribute that is the same in both alternatives bef...

Full description

Bibliographic Details
Main Authors: Michael H. Birnbaum, Kathleen Johnson, Jay-Lee Longbottom
Format: Article
Language:English
Published: Cambridge University Press 2008-10-01
Series:Judgment and Decision Making
Subjects:
Online Access:http://journal.sjdm.org/8604/jdm8604.pdf