Timmermans’ Misleading Critique of Prospect Theory Actually Supports its Relevance for Travel Choice Modelling by Evert Jan van de Kaa

“…When browsing through it during the preparation of an article about the transferability of Prospect Theories’ assumptions I came across a citation of an alleged inferior explanatory performance of Prospect Theory with respect to people’s choices in the TV game ‘Deal or no Deal’. I curiously downloaded the cited working paper and found that the citation was fabricated. …”
Get full text