Probability Weighting Function Derived from Hyperbolic Time Discounting: Psychometric Model and Axiomatic System

• Kazuhisa Takemura

  Waseda University

抄録

A probability weighting function (w(p)) is considered to be nonlinear function of objective probability (p). The present study proposed a probability weighting function derived from hyperbolic time discounting model assuming geometric distribution. Moreover, probability weighting function is derived from Lowenstein and Prelec's (1992) generalized hyperbolic time discounting model. The latter model is same as hyperbolic-logarithmic weighting function considered by Prelec (1998) and Luce (2001).The present study derives this model from the generalized hyperbolic time discounting model assuming Fechner's psychophysical law of time and geometric distribution of trial, and then examines an axiomatic system of the generalized hyperbolic model.

収録刊行物

• 日本知能情報ファジィ学会 ファジィ システム シンポジウム 講演論文集

  日本知能情報ファジィ学会 ファジィ システム シンポジウム 講演論文集 29 (0), 133-133, 2013

  日本知能情報ファジィ学会

キーワード

• psychology
• decision making
• risk
• probability weighting
• utility theory

詳細情報

• CRID: 1390282680649150464
• NII論文ID: 130005480205
• NII論文ID: 40019825321
• NII書誌ID: AA12165648
• ISSN: 18820212
• DOI: 10.14864/fss.29.0_133
• NDL書誌ID: 024926833
• Web Site: https://ndlsearch.ndl.go.jp/books/R000000004-I024926833
• 本文言語コード: ja
• データソース種別:
  • JaLC
  • NDL
  • CiNii Articles
• 抄録ライセンスフラグ: 使用不可