A new axiomatization of rank-dependent expected utility with tradeoff consistency for equally likely outcomes

DOI10.1016/S0304-4068(01)00057-XzbMath1017.91020OpenAlexW2163683521WikidataQ58318762 ScholiaQ58318762MaRDI QIDQ5954779

Ulrich Schmidt, Horst Zank

Publication date: 3 September 2003

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/s0304-4068(01)00057-x

zbMATH Keywords

equally likely outcomesrank-dependent expected utilitytradeoff consistency

Mathematics Subject Classification ID

Utility theory (91B16)

Related Items (6)

Preference under risk in the presence of indistinguishable probabilities ⋮ Linear cumulative prospect theory with applications to portfolio selection and insurance demand ⋮ Random rank-dependent expected utility ⋮ Probability weights in rank-dependent utility with binary even-chance independence. ⋮ The hyperbolic factor: a measure of time inconsistency ⋮ Star-shaped probability weighting functions and overbidding in first-price auctions

Cites Work

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• An axiomatization of cumulative prospect theory for decision under risk
• Eliciting von Neumann-Morgenstern Utilities When Probabilities Are Distorted or Unknown
• The Dual Theory of Choice under Risk

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