Rank- and sign-dependent linear utility models for binary gambles

DOI10.1016/0022-0531(91)90143-RMaRDI QIDQ1174592zbMATH OpenOpenAlexFDO

Authors R. Duncan Luce

Publication date 25 June 1992

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/0022-0531(91)90143-r

zbMATH Keywords

binary subjective expected utilitychoice indifferenceprospect theoryrank-dependent utility

Mathematics Subject Classification ID

Utility theory (91B16) Auctions, bargaining, bidding and selling, and other market models (91B26)

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Cites work

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• scientific article; zbMATH DE number 3276288 (Why is no real title available?)
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• Prospect Theory: An Analysis of Decision under Risk
• Rank- and sign-dependent linear utility models for finite first-order gambles
• Singular points in generalized concatenation structures that otherwise are homogeneous
• Some implications of a more general form of regret theory
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Cited in

(40)

• Random utility models with binary tree decomposable rank orders satisfy Tversky's elimination-by-aspects model
• Rank- and sign-dependent linear utility models for finite first-order gambles
• Where does subjective expected utility fail descriptively?
• Recent developments in modeling preferences: Uncertainty and ambiguity
• Singular points in generalized concatenation structures that otherwise are homogeneous
• Associative joint receipts
• Preference structures and their numerical representations
• A variational model of preference under uncertainty
• Violations of the betweenness axiom and nonlinearity in probability
• Reasons for rank-dependent utility evaluation
• When four distinct ways to measure utility are the same
• Joint receipt and Thaler's hedonic editing rule
• Probability weights in rank-dependent utility with binary even-chance independence.
• Reduction invariance and Prelec's weighting functions
• Complementary symmetry in cumulative prospect theory with random reference
• A note on deriving rank-dependent utility using additive joint receipts
• The comonotonic sure-thing principle
• Bargaining with subjective mixtures
• Discrete Arrow-Pratt indexes for risk and uncertainty
• On reference dependence and complementary symmetry
• Measurement analogies: comparisons of behavioral and physical measures
• On probabilities and loss aversion
• A Bayesian approach to testing decision making axioms
• Social welfare functions with a reference income
• An introduction to lattice based probability theories
• The impact of learning by thought on violations of independence and coalescing
• scientific article; zbMATH DE number 773969 (Why is no real title available?)
• On a disparity between willingness to pay and willingness to accept under the rank-dependent utility model
• Valuation of research and development projects using buying and selling prices: generalized definitions
• Service center location problems with decision dependent utilities and a pandemic case study
• A contextual range-dependent model for choice under risk
• Separating curvature and elevation: a parametric probability weighting function
• A simple axiomatization of binary rank-dependent utility of gains (Losses)
• Multimode utility theory
• An experimental test of reduction invariance
• Empirical evaluation of four models of buying and selling prices of gambles
• Loss averse behavior
• Independence properties vis-à-vis several utility representations
• A simple model of cumulative prospect theory
• Cumulative prospect theory's functional menagerie

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