Symeon Vaidanis

Neilson's Weak vs. Strong Loss Aversion: A Characterization and a Generalized CPT-Utility Function

In multi-objective and multi-criteria decision-making under risk, especially in settings involving individual behavior, risk-aware analysis based on subjective evaluation has become increasingly important. Moving beyond risk-neutral modeling and the constraints of Expected Utility Theory (EUT), Cumulative Prospect Theo...