Random rank-dependent expected utility

DOI10.3390/G13010013zbMATH Open1484.91188arXiv2112.13649OpenAlexW4206454672MaRDI QIDQ2669169

Victor H. Aguiar, Nail Kashaev

Publication date: 9 March 2022

Published in: Games (Search for Journal in Brave)

Abstract: We present a novel characterization of random rank-dependent expected utility for finite datasets and finite prizes. The test lends itself to statistical testing using the tools in Kitamura and Stoye (2018).

Full work available at URL: https://arxiv.org/abs/2112.13649

zbMATH Keywords

expected utilityrank-dependent expected utilityrandom utility

Mathematics Subject Classification ID

Utility theory (91B16)

Cites Work

• Comparative statics for rank-dependent expected utility theory
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• Nonparametric Analysis of Random Utility Models
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• A Genuine Rank-Dependent Generalization of the Von Neumann-Morgenstern Expected Utility Theorem
• A new axiomatization of rank-dependent expected utility with tradeoff consistency for equally likely outcomes

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