Regular ArticleOn the Shape of the Probability Weighting Function☆,☆☆
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This research was supported by a grant from the National Science Foundation (R.G.) and by the James S. Kemper Foundation Faculty Research Fund at the Graduate School of Business, the University of Chicago (G.W.). Portions of these data were presented at the Society for Mathematical Psychology Meetings, Norman, OK, 1993. We thank John Miyamoto and Peter Wakker for their insightful discussions about weighting functions. Amos Tversky provided helpful guidance during the early stages of this research. Lyle Brenner, Dale Griffin, Chip Heath, Josh Klayman, Duncan Luce, Drazen Prelec, Eldar Shafir, and Peter Wakker provided helpful comments on a previous draft.
Address correspondence and reprint requests to either author: Richard Gonzalez, Department of Psychology, University of Michigan, Ann Arbor, MI 48109, or George Wu, University of Chicago, Graduate School of Business, 1101 E. 58th Street, Chicago, IL 60637. E-mail: [email protected]@gsb.uchicago.edu.
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A. A. J. Marley