Reevaluation of the results of Levy and Levy (2002a)

Article Abstract:

The experimental results of Levy and Levy (2002a) with regard to probability weighting function (pwf) are reevaluated to demonstrate that they are consistent with the Cumulative Prospect Theory (CPT). The reevaluation is done using numerical estimation with a standard CPT formulation and a stochastic choice model based on experimental results by Baucells and Heukamp.

Analysis, Probabilities, Probability theory, Stochastic processes

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Sad SADCC

Article Abstract:

SADCC (South African Development Coordinating Conference) was formed to reduce the economic dependency of black African nations upon South Africa. Internal division is a problem. SADCC has been fighting recession, drought and South African destabilization.

Management, Africa

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Let's not bungle the Embarcadero

Article Abstract:

The rebuilding of the Embarcadero area in San Francisco, CA, after the Loma Prieta earthquake, is discussed. Some want the area developed as a waterfront plaza, while others want the six-lane roadway kept, along with mass transit options.

Column, Design and construction, Transportation, San Francisco, California, Freeways, Highways

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