Chapter
Oct 9, 2014
Prospect Theory:A Novel Probability Weighting Function Model
Publication: ICLEM 2014: System Planning, Supply Chain Management, and Safety
Abstract
The investigation of probability weighting is one of the key components of the modern, risky, decision-making theories. In this study, we propose an approach to build a novel probability weighting model with the use of the Lagrange interpolation method based on Prelec's probability weighting function model. The proposed model can not only reflect the empirical regularities, but also maximize the satisfaction degree of the curve fitting for the experimental data. The most significant achievement is that our paper makes a methodological contribution to develop a numerical method for constructing the probability weighting model.
Get full access to this article
View all available purchase options and get full access to this chapter.
Information & Authors
Information
Published In
Copyright
© 2014 American Society of Civil Engineers.
History
Published online: Oct 9, 2014
Permissions
Request permissions for this article.
Authors
Affiliations
School of Transportation and Logistics, Southwest Jiaotong University; Chengdu 610031, China. E-mail: [email protected]
School of Transportation and Logistics, Southwest Jiaotong University; Chengdu 610031, China. E-mail: [email protected]
Metrics & Citations
Metrics
Citations
Download citation
If you have the appropriate software installed, you can download article citation data to the citation manager of your choice. Simply select your manager software from the list below and click Download.
View Options
Get Access
Access content
Please select your options to get access
Log in/Register
Log in via your institution (Shibboleth)
ASCE Members:
Please log in to see member pricing
Purchase
Save for later Item saved, go to cart Information on ASCE Library Cards
ASCE Library Cards let you download journal articles, proceedings papers, and available book chapters across the entire ASCE Library platform. ASCE Library Cards remain active for 24 months or until all downloads are used. Note: This content will be debited as one download at time of checkout.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Get Access
Access content
Please select your options to get access
Log in/Register
Log in via your institution (Shibboleth)
ASCE Members:
Please log in to see member pricing
Purchase
Save for later Item saved, go to cart Information on ASCE Library Cards
ASCE Library Cards let you download journal articles, proceedings papers, and available book chapters across the entire ASCE Library platform. ASCE Library Cards remain active for 24 months or until all downloads are used. Note: This content will be debited as one download at time of checkout.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.