报告题目：

Revisiting prospect theory and the newsvendor problem

报 告 人：

谢金星 教授（清华大学）

报告时间：

2017年12月7日 16:30--17:30

报告地点：

数学院三楼报告厅

报告摘要：

Many experimental studies have demonstrated that human decision-makers exhibit the pull-to-center effect in newsvendor decision. It has been shown in the literature that prospect theory with a decision-dependent reference point can predict the pull-to-center effect for the newsvendor problem by assuming a uniform distribution of demand. In this paper, we prove this result for a general case: prospect theory with a decision-independent reference point can predict the pull-to-center effect for the newsvendor problem with a general distribution of demand.