Kai Ruggeri|Sonia Alì|Mari Louise Berge|Giulia Bertoldo|Ludvig Daae Bjørndal|Anna Cortijos?Bernabeu|Clair Davison|Emir Demi?|Celia Esteban?Serna|Maja Friedemann|Shannon P Kong|Hannes Jarke|Ralitsa Karakasheva|Peggah Khorrami|Jakob Kveder|Thomas Lind Andersen|Ingvild Sandø Lofthus|Lucy McGill|Ana Elsa Nieto Nieves|J. Martínez Pérez|Sahana K. Quail|Charlotte Rutherford|Felice Tavera|Nastja Tomat|Chiara Van Reyn|Bojana Ve?kalov|Keying Wang|Aleksandra Yosifova|Francesca Papa|Enrico Rubaltelli|Sander van der Linden|Tomas Folke
Replicating patterns of prospect theory for decision under risk
Columbia University|University of Sussex|Eötvös Loránd University|University of Padua|University of Oslo|Universitat de Barcelona|University of St Andrews|University of Belgrade|University College London|University of Oxford|Oxford Brookes University|University of Cambridge|University of Nottingham|Columbia University|University of Ljubljana|Svendborg Sygehus|University of Oslo|Trinity College Dublin|Universidad Francisco de Vitoria|Universidad Francisco de Vitoria|Oxford Policy Management|University of Oxford|University of Cambridge|University of Cologne|University of Ljubljana|KU Leuven|University of Amsterdam|University College London|New Bulgarian University|Organisation For Economic Co-Operation and Development|University of Padua|University of Cambridge|University of Cambridge
prospect theory among influential frameworks behavioural science specifically research decisionmaking risk kahneman tverskys 1979 study tested financial choices risk concluding judgements deviate significantly assumptions expected utility theory remarkable impacts science policy industry though substantial evidence supports prospect theory many presumed canonical theories drawn scrutiny recent replication failures response directly test original methods multinational study n 4098 participants 19 countries 13 languages adjusting current local currencies requiring participants respond items results replicated 94 items attenuation twelve 13 theoretical contrasts replicated 100 replication countries heterogeneity countries intraindividual variation highlight meaningful avenues future theorizing applications conclude empirical foundations prospect theory replicate beyond reasonable thresholds sample 4000 participants 19 countries core patterns highly influential study behaviour decisionmaking broadly replicate minor exceptions somewhat smaller effect sizes