A Genuine Rank-Dependent Generalization of the Von Neumann-Morgenstern Expected Utility Theorem
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Publication:5474977
DOI10.1111/1468-0262.00301zbMath1103.91337OpenAlexW1977107128MaRDI QIDQ5474977
Publication date: 16 June 2006
Published in: Econometrica (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1111/1468-0262.00301
Inequalities; stochastic orderings (60E15) Decision theory (91B06) Utility theory (91B16) General considerations in statistical decision theory (62C05)
Related Items (35)
Introduction to the special issue in honor of Peter Wakker ⋮ Composition rules in original and cumulative prospect theory ⋮ Violations of betweenness and choice shifts in groups ⋮ Piecewise linear rank-dependent utility ⋮ Anchored preference relations ⋮ On the non-existence of stable matches with incomplete information ⋮ Random rank-dependent expected utility ⋮ Consistent probability attitudes ⋮ The two faces of independence: betweenness and homotheticity ⋮ Reference dependence in cumulative prospect theory. ⋮ Source and rank-dependent utility ⋮ Mixture independence foundations for expected utility ⋮ Half-full or half-empty? A model of decision making under risk ⋮ Probability weights in rank-dependent utility with binary even-chance independence. ⋮ Separating curvature and elevation: a parametric probability weighting function ⋮ Interval scalability of rank-dependent utility ⋮ Aspects concerning entropy and utility ⋮ A rank-dependent generalization of zero utility principle. ⋮ On mechanisms eliciting ordinal preferences ⋮ Accounting for optimism and pessimism in expected utility ⋮ Portfolio selection with hyperexponential utility functions ⋮ Risk attributes theory: Decision making under risk ⋮ Concave/convex weighting and utility functions for risk: a new light on classical theorems ⋮ A theory of (relative) discounting ⋮ ARROW–DEBREU EQUILIBRIA FOR RANK‐DEPENDENT UTILITIES ⋮ The hyperbolic factor: a measure of time inconsistency ⋮ Decision-foundations for properties of nonadditive measures: general state spaces or general outcome spaces ⋮ HOPE, FEAR, AND ASPIRATIONS ⋮ Savage for dummies and experts ⋮ Parametric weighting functions ⋮ From Aggregate Betting Data to Individual Risk Preferences ⋮ A revealed reference point for prospect theory ⋮ From uniform expected utility to uniform rank-dependent utility: an experimental study ⋮ Testing prospect theories using probability tradeoff consistency ⋮ The likelihood method for decision under uncertainty
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