New concept for the value function of prospect theory by Kazuo Sano

“…In prospect theory, the value function is typically concave for gains and convex for losses, with losses usually having a steeper slope than gains. …”
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Pricing Method of the Flexible Bus Service Based on Cumulative Prospect Theory by Wanjing Ma, Yuhang Guo, Kun An, Lei Wang

“…This study proposes a profit maximization model and a social welfare maximization model for the flexible bus operator based on the cumulative prospect theory. Fares and uncertain travel time due to unforeseen detours in serving passengers jointly affect passengers’ mode choice. …”
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Grey Situation Group Decision-Making Method Based on Prospect Theory by Na Zhang, Zhigeng Fang, Xiaqing Liu

“…This paper puts forward a grey situation group decision-making method on the basis of prospect theory, in view of the grey situation group decision-making problems that decisions are often made by multiple decision experts and those experts have risk preferences. …”
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DO DECISION-MAKING PROFESSIONALS COMMIT THE SUNK-COST FALLACY? by Musa Ilias Biala

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Comparative Analysis of Drones and Riders in On-Demand Meal Delivery Based on Prospect Theory by Hong Jiang, Xinhui Ren

“…The paper mainly uses the prospect theory to discuss the conditions under which drone delivery is superior to rider delivery based on four factors: delivery distance, degree of rider delay, pickup time, and consumer attitudes towards drone delivery. …”
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Hafız Esad’ın Kararları: Olasılık Teorisi Bağlamında Bir İnceleme by Dilek CANYURT

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Disposition Effect: Brazilian Investors’ Behavior during the Covid-19 Pandemic by Pedro Lucas de Albuquerque Barreto, Claudio Henrique da Silveira Barbedo, Eduardo Camilo-da-Silva

Subjects: “…prospect theory…”
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Decision-Making Research on Tour Lines of Tourist-Dedicated Train Based on Vague Sets and Prospect Theory by Yuanding Cui, Changxi Ma

“…Subsequently, the prospect theory considering the bounded rationality and psychological factors of decision makers is combined with vague set fuzzy decision theory, and a comprehensive decision method based on vague set and prospect theory is proposed. …”
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TOPSIS prefabricated building construction evaluation based on interval-valued Pythagorean fuzzy numbers based on prospect theory by Lixin Chang, Norhaiza Nordin, Shiwei Zhao, Xinhua Gu, Ye Zhao

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Commuter Travel Behavior Modeling in Metropolitan Areas Based on Cumulative Prospect Theory: A Case Study of Xi’an, China by Dai Xin, Tianshan Ma

“…Based on the “expected utility maximization theory” and the “cumulative prospect theory,” the commuter is simulated under four different travel scenarios to study the optimal traffic mode selection behavior. …”
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Monetary peculiarities of the financial behavior of the population by V. Yu. Didenko

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Cooperation Behavior of Opinion Leaders and Official Media on the Governance of Negative Public Opinion in the Context of the Epidemic: An Evolutionary Game Analysis in the Perspective of Prospect Theory by Jing Wei, Lijun Wang, Hengmin Zhu, Weidong Huang

“…In order to examine the evolution and stability tactics of each game subject in each stage of the evolution of public opinion, a three-way evolution game model comprising social platform operators, official media, and opinion leaders is created on the basis of prospect theory. Finally, the advanced epidemic model is used to verify the important impact of cooperation between official media and opinion leaders on curbing the transmission of negative public opinion. …”
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Intelligent Network Selection Mechanisms in the Internet of Everything System by Indrasen Singh, Meenakshi Munjal

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On Modeling Agent Behavior Change Through Multi-Typed Information Diffusion in Online Social Networks by Masaaki Miyashita, Norihiko Shinomiya, Daisuke Kasamatsu, Genya Ishigaki

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THE EVOLUTION OF HOMO ECONOMICUS by N. V. Komarovskaia

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Evolutionary Game Analysis of BIM Adoption among Stakeholders in PPP Projects by Chong Jia, Ruixue Zhang, Dan Wang

“…Second, according to prospect theory, the main stakeholders usually make decisions through subjective judgment and perceived value which ultimately lead to deviation in their behaviors. …”
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CPT Model-Based Prediction of the Temporal and Spatial Distributions of Passenger Flow for Urban Rail Transit under Emergency Conditions by Wei Li, Min Zhou, Hairong Dong

“…The research results show that the cumulative prospect theory can better describe the route choice behavior of rail transit passengers under emergencies than the existing models, and this model is of great significance for handling urban rail transit emergencies. …”
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Two-Sided Matching Model of Shared Manufacturing Resources considering Psychological Behavior of Agents by Peng Liu, Ying Zou

“…The preference information of agents is transformed to values according to the cloud model. We combine prospect theory and grey relational analysis to calculate the prospect values. …”
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Research on Taxi Driver Strategy Game Evolution with Carpooling Detour by Wei Zhang, Ruichun He, Changxi Ma, Mingxia Gao

“…The model of taxi driver strategy evolution with carpooling detour is built based on prospect theory and evolution game theory. Driver stable strategies are analyzed under the conditions of complaint mechanism and absence of mechanism, respectively. …”
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Application of Evolutionary Game to Analyze Dual-Channel Decisions: Taking Consumer Loss Aversion into Consideration by Shuang Zhang, Yueping Du

“…It is important to study the pricing strategies of manufacturers and the purchasing channel decisions of consumers in the context of increasingly fierce competition in online channels, in addition to consumers’ loss aversion due to increasingly confusing promotional strategies; accordingly, in this paper, an evolutionary game including both parties is constructed, and the loss aversion factor from prospect theory is introduced. Based on data from Chinese media reports on the cosmetics industry, simulation and sensitivity analyses were conducted using Matlab R2024a. …”
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