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Empirical studies have shown that decision makers do not usually treat probabilities linearly. Instead, people tend to overweight small probabilities and underweight large probabilities. One way to model such distortions in decision making under risk is through a probability weighting function. We present a nonparametric estimation procedure for assessing(More)
We argue that goals serve as reference points and alter outcomes in a manner consistent with the value function of Prospect Theory (Kahneman & Tversky, 1979; Tversky & Kahneman, 1992). We present new evidence that goals inherit the properties of the value function-not only a reference point, but also loss aversion and diminishing sensitivity. We also use(More)
Based on education agent application, the paper designed emotional detection model and overall schema of detection for learners. Then the paper completed personality learning monitoring for learners and defined emotional attitude, cognitive state and learning preference for learners through extraction and analysis on emotional information between education(More)
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