Publikacja:

„Subjective” propability in risky decisions

Data

2008
Artykuł
 
cris.legacyid3933
cris.virtual.journalance#PLACEHOLDER_PARENT_METADATA_VALUE#
cris.virtualsource.journalancec5e604c2-f6bd-4f19-914c-e01c8ff3c6c3
dc.abstract.plThe article is a short review of interpretation of probability and its significance for risky decisions. It especially deals with a concept of subjective probability and decision weights introduced by the prospect theory. While dealing with both subjective deviation from objective probabilities as well as subjective probability transformation as probability weighting function it was observed that people treat low probabilities differently. In both situations people tend to overestimate rare events. Recently it has been said, that in the decision based on direct observations of frequency of events, overestimation is much weaker.
dc.contributor.affiliationCentrum Psychologii Ekonomicznej i Badań Decyzji, Akademia Leona Koźmińskiego
dc.contributor.authorKatarzyna Domurat
dc.date.accessioned2025-07-28T14:21:49Z
dc.date.available2025-07-28T14:21:49Z
dc.date.issued2008
dc.date.published2014-04-04
dc.description.issue10
dc.description.physical5 26
dc.identifier.issn1733-0092
dc.identifier.urihttps://repozytorium.kozminski.edu.pl/handle/item/3476
dc.languageen
dc.relation.ispartofCollective and Individual Decisions
dc.relation.pages5 26
dc.rightsCC-BY-4.0
dc.subjectdecyzje w warunkach ryzyka
dc.subjectprawdopodobieństwo subiektywne
dc.subjectwagi decyzyjne
dc.subjectteoria perspektywy
dc.subjectniskie prawdopodobieństwa
dc.title

„Subjective” propability in risky decisions

dc.typeArticle
dspace.entity.typePublication