An experimental study on cumulative prospect theory learning model of travelers’ dynamic mode choice under uncertainty
Sign Up to like & getrecommendations! Published in 2017 at "International journal of transportation science and technology"
DOI: 10.1016/j.ijtst.2017.07.002
Abstract: Abstract In this paper, we examined travelers’ dynamic mode choice behavior under travel time variability. We found travelers’ inconsistent risk attitudes through a binary mode choice experiment. Although the results deviated from the traditional utility… read more here.
Keywords: cumulative prospect; prospect theory; mode choice; model ... See more keywords
Site selection of photovoltaic power plants in a value chain based on grey cumulative prospect theory for sustainability: A case study in Northwest China
Sign Up to like & getrecommendations! Published in 2017 at "Journal of Cleaner Production"
DOI: 10.1016/j.jclepro.2017.02.012
Abstract: Installing a photovoltaic (PV) power plant at a proper location has been a critical problem for the system planners and investors. In this study, grey cumulative prospect theory is employed to study the site selection… read more here.
Keywords: power plants; cumulative prospect; site selection; prospect theory ... See more keywords
The empirical adequacy of cumulative prospect theory and its implications for normative assessment
Sign Up to like & getrecommendations! Published in 2017 at "Journal of Economic Methodology"
DOI: 10.1080/1350178x.2017.1309753
Abstract: Much behavioral welfare economics assumes that expected utility theory (EUT) does not accurately describe most human choice under risk. A substantial literature instead evaluates welfare consequences by taking cumulative prospect theory (CPT) as the natural… read more here.
Keywords: theory; cumulative prospect; prospect theory; choice ... See more keywords
Code and Data Repository for Decision Making Under Cumulative Prospect Theory: An Alternating Direction Method of Multipliers
Sign Up to like & getrecommendations! Published in 2024 at "INFORMS Journal on Computing"
DOI: 10.1287/ijoc.2023.0243.cd
Abstract: The goal of this software is to demonstrate the effectiveness of the ADMM method proposed in this paper in the problem of decision making under cumulative prospect theory, as compared to other methods, as well… read more here.
Keywords: method; decision making; prospect theory; making cumulative ... See more keywords
Perception Bias Effects on Healthcare Management in COVID-19 Pandemic: An Application of Cumulative Prospect Theory
Sign Up to like & getrecommendations! Published in 2022 at "Healthcare"
DOI: 10.3390/healthcare10020226
Abstract: Coronavirus disease 2019 (COVID-19) has posed severe threats to human safety in the healthcare sector, particularly in residents in long-term care facilities (LTCFs) at a higher risk of morbidity and mortality. This study aims to… read more here.
Keywords: perception bias; perception; covid; prospect theory ... See more keywords