In: Ekonomický časopis/Journal of Economics, vol. 61, no. 7
Vladimír Baláž 
- Viera Bačová - Eva Drobná - Katarína Dudeková - Kamil Adamík
- Viera Bačová - Eva Drobná - Katarína Dudeková - Kamil AdamíkDetaily:
Rok, strany: 2013, 655 - 671
Kľúčové slová:
prospect theory, prospect theory parameters, decisions under risk and uncertainty, behavioural economics
JEL Classification: D01, D03, D81
Typ článku: Vedecký / Article
O článku:
This research study used the original Tversky and Kahneman (1992) methodology to establish values of the key prospect theory parameters in samples of Slovakian construction managers and tertiary students. Median sample values for choice tasks with gains elicited in both samples were fairly similar to those established by the Tversky and Kahneman work (1992). When the same estimation techniques and data types are used, the prospect theory parameter values in Slovakian samples seem fairly similar for standard student populations in developed countries. Based on our results we assume that estimation techniques and data types may be more important for determining parameter values than testing environments and gender or experience of participants.
This research study used the original Tversky and Kahneman (1992) methodology to establish values of the key prospect theory parameters in samples of Slovakian construction managers and tertiary students. Median sample values for choice tasks with gains elicited in both samples were fairly similar to those established by the Tversky and Kahneman work (1992). When the same estimation techniques and data types are used, the prospect theory parameter values in Slovakian samples seem fairly similar for standard student populations in developed countries. Based on our results we assume that estimation techniques and data types may be more important for determining parameter values than testing environments and gender or experience of participants.
Ako citovať:
ISO 690:
Baláž, V., Bačová, V., Drobná, E., Dudeková, K., Adamík, K. 2013. Testing Prospect Theory Parameters. In Ekonomický časopis/Journal of Economics, vol. 61, no.7, pp. 655-671. 0013-3035.
APA:
Baláž, V., Bačová, V., Drobná, E., Dudeková, K., Adamík, K. (2013). Testing Prospect Theory Parameters. Ekonomický časopis/Journal of Economics, 61(7), 655-671. 0013-3035.