Horst Zank

Horst Zank is a Professor of Economics at The University of Manchester, Department of Economics. His research focuses on individual choice under risk and ambiguity, experimental and behavioural economics. His work explores models of decision making under risk and uncertainty, with applications across economics, business, policy, and other disciplines. He is interested in topics such as time preferences, behavioural economics, and the development of theoretical and empirical models. Zank supervises students in areas related to choice under risk and uncertainty, time preferences, and behavioural economics. His research includes interdisciplinary approaches combining classical economic theory with empirical and experimental evidence.

Horst Zank is an economist at the University of Manchester, specializing in decision theory and behavioral economics. His research explores risk aversion, loss aversion, and cumulative prospect theory, with a focus on utility functions and probability weighting. Zank's work examines how individuals make decisions under uncertainty, particularly in the context of gains, losses, and mixed prospects. He investigates the foundations of prospect theory, including its parametric and multiattribute extensions, as well as the role of reference points and state-dependent preferences. His publications also address intertemporal poverty measures, optimism, pessimism, and game-theoretic solutions such as the egalitarian and Harsanyi solutions. Zank's research contributes to understanding the psychological and economic factors influencing decision-making behavior.