The shape of utility functions and organizational behavior

Research output: Contribution to journalArticleAcademicpeer-review

Original languageEnglish
Pages (from-to)1251-1263
Number of pages13
JournalManagement Science
Volume49
Issue number9
DOIs
Publication statusPublished - Sep 2003
Externally publishedYes

Keywords

  • heterogeneity in utility functions
  • organizational behavior
  • S-shaped utility function
  • real decision makers
  • reference points
  • PROBABILITY WEIGHTING FUNCTION
  • PARAMETER-FREE ELICITATION
  • PROSPECT-THEORY
  • RISK ATTITUDE
  • LOSS AVERSION
  • CHOICE
  • PREFERENCES
  • DECISION
  • REFLECTION
  • PRICES

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