Probability weights in rank-dependent utility with binary even-chance independence. (Q1404959)

The rank-dependent utility model in the reviewed paper follows \textit{J. Quiggins} formulation [Generalized expected utility theory. The rank-dependent model. Dordrecht: Kluwer Academic Publishers (1992; Zbl 0915.90081)]. This model is a generalization of the expected utility that accounts for subjective weighting or distortion of probabilities in the evaluation of gambles. The obtained results are technical contributions.