Skumulowana teoria perspektywy jako model pomiaru racjonalności ekonomicznej

• Authors: Tomasz Potocki

Title variants

EN

Cumulative Prospect Theory as a model of economic rationality

• Languages of publication: PL

Abstracts

EN

Most economic models are prescriptive and based on expected utility theory. Decisions taken on the basis of these models ought to be completely rational and consistent with axioms of the expected utility theory. Prospect theory (PT) is an alternative theory of choice under risk and increasingly used to explain deviations from the traditional paradigm of rational agents. It is important to understand the concept of the PT and its cumulative representation, as well as how it is measured and whether and to what extent PT supports real decisions under risk. This article explores these questions and deliver some axiomatic research review of Cumulative Prospect Theory (CPT) as a framework for decision under risk.

Keywords

PL

Racjonalność; Teoria Oczekiwanej Użyteczności; Teoria Perspektywy; Skumulowana Teoria Perspektywy; Ważenie prawdopodobieństwa; Awersja do ryzyka

• Publisher: Wydział Nauk Ekonomicznych Uniwersytetu Warszawskiego
• Journal: Ekonomia. Rynek, Gospodarka, Społeczeństwo
• Year: 2012
• Issue: 31
• Pages: 71-95

Contributors

author

Tomasz Potocki

• Uniwersytet Rzeszowski, Wydział Ekonomii,