A note on deriving rank-dependent utility using additive joint receipts
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Publication:1907999
DOI10.1007/BF01132728zbMath0847.90024OpenAlexW1989553142MaRDI QIDQ1907999
R. Duncan Luce, Peter C. Fishburn
Publication date: 13 October 1996
Published in: Journal of Risk and Uncertainty (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1007/bf01132728
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Causes of Allais common consequence paradoxes: an experimental dissection ⋮ A theory of coarse utility ⋮ Several unresolved conceptual problems of mathematical psychology ⋮ Cumulative prospect theory's functional menagerie ⋮ Reference dependence in cumulative prospect theory. ⋮ Nondecomposable item response theory models: fundamental measurement in psychometrics ⋮ Probability weights in rank-dependent utility with binary even-chance independence. ⋮ Interval scalability of rank-dependent utility ⋮ Using logarithmic derivative functions for assessing the risky weighting function for binary gambles ⋮ Reconsidering the common ratio effect: the roles of compound independence, reduction, and coalescing ⋮ A simple axiomatization of binary rank-dependent utility of gains (Losses) ⋮ Cumulative prospect theory and imprecise risk ⋮ Separable and additive representations of binary gambles of gains. ⋮ A Bayesian approach to testing decision making axioms ⋮ Risk assessment for build-operate-transfer projects: a dynamic multi-objective programming approach ⋮ Measurement analogies: comparisons of behavioral and physical measures ⋮ Testing lexicographic semiorders as models of decision making: priority dominance, integration, interaction, and transitivity ⋮ An experimental test of reduction invariance ⋮ Constant risk aversion ⋮ Associative joint receipts ⋮ Preference structures and their numerical representations ⋮ Evolution of conformity dynamics in complex social networks ⋮ Reduction invariance and Prelec's weighting functions ⋮ Knock-out for descriptive utility or experimental-design error? ⋮ A comparison of five models that predict violations of first-order stochastic dominance in risky decision making
Cites Work
- Classification of concatenation measurement structures according to scale type
- Rank- and sign-dependent linear utility models for binary gambles
- Rank- and sign-dependent linear utility models for finite first-order gambles
- Advances in prospect theory: cumulative representation of uncertainty
- Singular points in generalized concatenation structures that otherwise are homogeneous
- An axiomatization of cumulative prospect theory
- Two-parameter decision models and rank-dependent expected utility
- Joint receipt and Thaler's hedonic editing rule
- Joint receipt and certainty equivalents of gambles
- Prospect Theory: An Analysis of Decision under Risk
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