A belief-based account of decision under uncertainty
A belief-based account of decision under uncertainty
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DOI:
10.1287/mnsc.44.7.879
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发表时间:
1998-07-01
影响因子:
5.4
通讯作者:
Tversky, A
中科院分区:
文献类型:
--
作者:
Fox, CR;Tversky, A
We develop a belief-based account of decision under uncertainty. This model predicts decisions under uncertainty from (i)judgments of probability, which are assumed to satisfy support theory; and (ii) decisions under risk, which are assumed to satisfy prospect theory. In two experiments, subjects evaluated uncertain prospects and assessed the probability of the respective events. Study I involved the 1995 professional basketball playoffs; Study 2 involved the movement of economic indicators in a simulated economy. The results of both studies are consistent with the belief-based account, but violate the partition inequality implied by the classical theory of decision under uncertainty.