Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/22019 
Erscheinungsjahr: 
2007
Schriftenreihe/Nr.: 
Economics Working Paper No. 2007-01
Verlag: 
Kiel University, Department of Economics, Kiel
Zusammenfassung: 
This paper provides behavioral foundations for parametric weighting functions under rankdependent utility. This is achieved by decomposing the independence axiom of expected utility into separate meaningful properties. These conditions allow us to characterize rank-dependent utility with power and exponential weighting functions. Moreover, by restricting the conditions to subsets of the probability interval, foundations of rank-dependent utility with parametric inverse-S shaped weighting functions are obtained.
Schlagwörter: 
Comonotonic independence
probability weighting function
preference foundation
rank-dependent utility
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
548.69 kB





Publikationen in EconStor sind urheberrechtlich geschützt.