Comparative analysis of expected utility theory versus prospect theory and critique of their recent developments
Date of Award
Master of Arts in Mathematics
Prakash, Chetan, and Williams, Peter
This study is an investigation of the decision making theories, their developments, and especially, their applications. After locating the two rivals, the Expected Utility Theory (EUT) and the Prospect Theory (PT), within the general context of decision making situations, it compares their main features and examines the PT extensions.
Sadeghi, Sassan, "Comparative analysis of expected utility theory versus prospect theory and critique of their recent developments" (2011). Theses Digitization Project. 3910.