curl --request POST \
--url https://api.fincept.in/quantlib/economics/utility/prospect-theory \
--header 'Content-Type: application/json' \
--header 'X-API-Key: <api-key>' \
--data '
{
"alpha": 0.88,
"beta": 0.88,
"lambda_param": 2.25,
"wealth": 0,
"outcome": -100
}
'import requests
url = "https://api.fincept.in/quantlib/economics/utility/prospect-theory"
payload = {
"alpha": 0.88,
"beta": 0.88,
"lambda_param": 2.25,
"wealth": 0,
"outcome": -100
}
headers = {
"X-API-Key": "<api-key>",
"Content-Type": "application/json"
}
response = requests.post(url, json=payload, headers=headers)
print(response.text)const options = {
method: 'POST',
headers: {'X-API-Key': '<api-key>', 'Content-Type': 'application/json'},
body: JSON.stringify({alpha: 0.88, beta: 0.88, lambda_param: 2.25, wealth: 0, outcome: -100})
};
fetch('https://api.fincept.in/quantlib/economics/utility/prospect-theory', options)
.then(res => res.json())
.then(res => console.log(res))
.catch(err => console.error(err));<?php
$curl = curl_init();
curl_setopt_array($curl, [
CURLOPT_URL => "https://api.fincept.in/quantlib/economics/utility/prospect-theory",
CURLOPT_RETURNTRANSFER => true,
CURLOPT_ENCODING => "",
CURLOPT_MAXREDIRS => 10,
CURLOPT_TIMEOUT => 30,
CURLOPT_HTTP_VERSION => CURL_HTTP_VERSION_1_1,
CURLOPT_CUSTOMREQUEST => "POST",
CURLOPT_POSTFIELDS => json_encode([
'alpha' => 0.88,
'beta' => 0.88,
'lambda_param' => 2.25,
'wealth' => 0,
'outcome' => -100
]),
CURLOPT_HTTPHEADER => [
"Content-Type: application/json",
"X-API-Key: <api-key>"
],
]);
$response = curl_exec($curl);
$err = curl_error($curl);
curl_close($curl);
if ($err) {
echo "cURL Error #:" . $err;
} else {
echo $response;
}package main
import (
"fmt"
"strings"
"net/http"
"io"
)
func main() {
url := "https://api.fincept.in/quantlib/economics/utility/prospect-theory"
payload := strings.NewReader("{\n \"alpha\": 0.88,\n \"beta\": 0.88,\n \"lambda_param\": 2.25,\n \"wealth\": 0,\n \"outcome\": -100\n}")
req, _ := http.NewRequest("POST", url, payload)
req.Header.Add("X-API-Key", "<api-key>")
req.Header.Add("Content-Type", "application/json")
res, _ := http.DefaultClient.Do(req)
defer res.Body.Close()
body, _ := io.ReadAll(res.Body)
fmt.Println(string(body))
}HttpResponse<String> response = Unirest.post("https://api.fincept.in/quantlib/economics/utility/prospect-theory")
.header("X-API-Key", "<api-key>")
.header("Content-Type", "application/json")
.body("{\n \"alpha\": 0.88,\n \"beta\": 0.88,\n \"lambda_param\": 2.25,\n \"wealth\": 0,\n \"outcome\": -100\n}")
.asString();require 'uri'
require 'net/http'
url = URI("https://api.fincept.in/quantlib/economics/utility/prospect-theory")
http = Net::HTTP.new(url.host, url.port)
http.use_ssl = true
request = Net::HTTP::Post.new(url)
request["X-API-Key"] = '<api-key>'
request["Content-Type"] = 'application/json'
request.body = "{\n \"alpha\": 0.88,\n \"beta\": 0.88,\n \"lambda_param\": 2.25,\n \"wealth\": 0,\n \"outcome\": -100\n}"
response = http.request(request)
puts response.read_body{
"success": true,
"data": {
"value": -106.54,
"marginal": 1.06,
"loss_aversion_ratio": 2.25
}
}{
"detail": "Invalid API key"
}{
"detail": "Endpoint requires Basic tier or higher"
}{
"detail": [
{
"loc": [
"body",
"outcome"
],
"msg": "field required",
"type": "value_error.missing"
}
]
}Prospect Theory Value Function
Evaluate Kahneman-Tversky Prospect Theory value function with loss aversion and diminishing sensitivity. Value function: v(x) = x^alpha for gains (x ≥ 0), v(x) = -lambda*|x|^beta for losses (x < 0). Captures behavioral phenomena: loss aversion (losses hurt more than gains feel good), reference dependence, and diminishing sensitivity. Returns value, marginal value, and loss aversion ratio. Essential for behavioral economics and decision theory. [Tier: STANDARD, Credits: 2]
curl --request POST \
--url https://api.fincept.in/quantlib/economics/utility/prospect-theory \
--header 'Content-Type: application/json' \
--header 'X-API-Key: <api-key>' \
--data '
{
"alpha": 0.88,
"beta": 0.88,
"lambda_param": 2.25,
"wealth": 0,
"outcome": -100
}
'import requests
url = "https://api.fincept.in/quantlib/economics/utility/prospect-theory"
payload = {
"alpha": 0.88,
"beta": 0.88,
"lambda_param": 2.25,
"wealth": 0,
"outcome": -100
}
headers = {
"X-API-Key": "<api-key>",
"Content-Type": "application/json"
}
response = requests.post(url, json=payload, headers=headers)
print(response.text)const options = {
method: 'POST',
headers: {'X-API-Key': '<api-key>', 'Content-Type': 'application/json'},
body: JSON.stringify({alpha: 0.88, beta: 0.88, lambda_param: 2.25, wealth: 0, outcome: -100})
};
fetch('https://api.fincept.in/quantlib/economics/utility/prospect-theory', options)
.then(res => res.json())
.then(res => console.log(res))
.catch(err => console.error(err));<?php
$curl = curl_init();
curl_setopt_array($curl, [
CURLOPT_URL => "https://api.fincept.in/quantlib/economics/utility/prospect-theory",
CURLOPT_RETURNTRANSFER => true,
CURLOPT_ENCODING => "",
CURLOPT_MAXREDIRS => 10,
CURLOPT_TIMEOUT => 30,
CURLOPT_HTTP_VERSION => CURL_HTTP_VERSION_1_1,
CURLOPT_CUSTOMREQUEST => "POST",
CURLOPT_POSTFIELDS => json_encode([
'alpha' => 0.88,
'beta' => 0.88,
'lambda_param' => 2.25,
'wealth' => 0,
'outcome' => -100
]),
CURLOPT_HTTPHEADER => [
"Content-Type: application/json",
"X-API-Key: <api-key>"
],
]);
$response = curl_exec($curl);
$err = curl_error($curl);
curl_close($curl);
if ($err) {
echo "cURL Error #:" . $err;
} else {
echo $response;
}package main
import (
"fmt"
"strings"
"net/http"
"io"
)
func main() {
url := "https://api.fincept.in/quantlib/economics/utility/prospect-theory"
payload := strings.NewReader("{\n \"alpha\": 0.88,\n \"beta\": 0.88,\n \"lambda_param\": 2.25,\n \"wealth\": 0,\n \"outcome\": -100\n}")
req, _ := http.NewRequest("POST", url, payload)
req.Header.Add("X-API-Key", "<api-key>")
req.Header.Add("Content-Type", "application/json")
res, _ := http.DefaultClient.Do(req)
defer res.Body.Close()
body, _ := io.ReadAll(res.Body)
fmt.Println(string(body))
}HttpResponse<String> response = Unirest.post("https://api.fincept.in/quantlib/economics/utility/prospect-theory")
.header("X-API-Key", "<api-key>")
.header("Content-Type", "application/json")
.body("{\n \"alpha\": 0.88,\n \"beta\": 0.88,\n \"lambda_param\": 2.25,\n \"wealth\": 0,\n \"outcome\": -100\n}")
.asString();require 'uri'
require 'net/http'
url = URI("https://api.fincept.in/quantlib/economics/utility/prospect-theory")
http = Net::HTTP.new(url.host, url.port)
http.use_ssl = true
request = Net::HTTP::Post.new(url)
request["X-API-Key"] = '<api-key>'
request["Content-Type"] = 'application/json'
request.body = "{\n \"alpha\": 0.88,\n \"beta\": 0.88,\n \"lambda_param\": 2.25,\n \"wealth\": 0,\n \"outcome\": -100\n}"
response = http.request(request)
puts response.read_body{
"success": true,
"data": {
"value": -106.54,
"marginal": 1.06,
"loss_aversion_ratio": 2.25
}
}{
"detail": "Invalid API key"
}{
"detail": "Endpoint requires Basic tier or higher"
}{
"detail": [
{
"loc": [
"body",
"outcome"
],
"msg": "field required",
"type": "value_error.missing"
}
]
}Authorizations
API key for authentication. Get your key at https://api.fincept.in/auth/register
Body
Outcome to evaluate (positive = gain, negative = loss relative to reference)
-100
Diminishing sensitivity exponent for gains (typically 0.88)
0 <= x <= 10.88
Diminishing sensitivity exponent for losses (typically 0.88)
0 <= x <= 10.88
Loss aversion parameter (typically 2.25, meaning losses hurt 2.25x more than gains)
x >= 12.25
Reference point (typically 0 for gains/losses relative to status quo)
0
