Probability weights in rank-dependent utility with binary even-chance independence. (Q1404959)
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scientific article; zbMATH DE number 1970556
| Language | Label | Description | Also known as |
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| English | Probability weights in rank-dependent utility with binary even-chance independence. |
scientific article; zbMATH DE number 1970556 |
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Probability weights in rank-dependent utility with binary even-chance independence. (English)
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25 August 2003
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The rank-dependent utility model in the reviewed paper follows \textit{J. Quiggins} formulation [Generalized expected utility theory. The rank-dependent model. Dordrecht: Kluwer Academic Publishers (1992; Zbl 0915.90081)]. This model is a generalization of the expected utility that accounts for subjective weighting or distortion of probabilities in the evaluation of gambles. The obtained results are technical contributions.
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expected utility
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