Probability weights in rank-dependent utility with binary even-chance independence. (Q1404959)
From MaRDI portal
!
This is the item page for this Wikibase entity, intended for internal use and editing purposes. Please use the normal view instead:
scientific article; zbMATH DE number 1970556
| Language | Label | Description | Also known as |
|---|---|---|---|
| default for all languages | No label defined |
||
| English | Probability weights in rank-dependent utility with binary even-chance independence. |
scientific article; zbMATH DE number 1970556 |
Statements
Probability weights in rank-dependent utility with binary even-chance independence. (English)
0 references
25 August 2003
0 references
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.
0 references
expected utility
0 references
0 references
0 references
0 references
0.8484765291213989
0 references
0.8119804859161377
0 references
0.8114007115364075
0 references
0.810863733291626
0 references
0.810863733291626
0 references
