A Belief-Based Account of Decision under Uncertainty Export

@article{fox-tversky-98, abstract = {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 1 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.}, author = {Fox, Craig R. and Tversky, Amos}, citeulike-article-id = {2752341}, citeulike-linkout-0 = {http://dx.doi.org/10.2307/2634504}, citeulike-linkout-1 = {http://www.jstor.org/stable/2634504}, doi = {10.2307/2634504}, journal = {Management Science}, keywords = {pointsh}, number = {7}, pages = {879--895}, posted-at = {2008-05-04 02:19:49}, priority = {2}, publisher = {INFORMS}, title = {A Belief-Based Account of Decision under Uncertainty}, url = {http://dx.doi.org/10.2307/2634504}, volume = {44}, year = {1998} }

TY - JOUR ID - fox-tversky-98 L3 - citeulike-article-id:2752341 N2 - 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 1 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. IS - 7 JF - Management Science EP - 895 TI - A Belief-Based Account of Decision under Uncertainty PB - INFORMS VL - 44 SP - 879 KW - pointsh AU - Fox, Craig AU - Tversky, Amos PY - 1998/// UR - http://dx.doi.org/10.2307/2634504 ER -