Rank- and sign-dependent linear utility models for finite first-order gambles

DOI10.1007/BF00057885zbMath0743.90009MaRDI QIDQ1180524

R. Duncan Luce, Peter C. Fishburn

Publication date: 27 June 1992

Published in: Journal of Risk and Uncertainty (Search for Journal in Brave)

zbMATH Keywords

prospect theoryaxiomatizationjoint receiptrank-dependent theorygeneralized subjective expected utility

Mathematics Subject Classification ID

Utility theory (91B16)

Related Items

Causes of Allais common consequence paradoxes: an experimental dissection, Composition rules in original and cumulative prospect theory, Comonotonic independence: The critical test between classical and rank- dependent utility theories, A simple model of cumulative prospect theory, Social welfare functions with a reference income, A note on deriving rank-dependent utility using additive joint receipts, A theory of coarse utility, Several unresolved conceptual problems of mathematical psychology, Cumulative prospect theory's functional menagerie, The comonotonic sure-thing principle, Joint receipt and Thaler's hedonic editing rule, Rank dependent utility for arbitrary consequence spaces, Towards a constructive approach to act-conditional subjective expected utility models, Reference dependence in cumulative prospect theory., Functional equations arising in a theory of rank dependence and homogeneous joint receipts., Conditions for Choquet integral representation of the comonotonically additive and monotone functional., Nondecomposable item response theory models: fundamental measurement in psychometrics, Probability weights in rank-dependent utility with binary even-chance independence., When are two portfolios better than one? A prospect theory approach, Betting against the Zen monk: on preferences and partial belief, Advances in Prospect Theory: Cumulative Representation of Uncertainty, Using logarithmic derivative functions for assessing the risky weighting function for binary gambles, Utility independence of multiattribute utility theory is equivalent to standard sequence invariance of conjoint measurement, Rank- and sign-dependent linear utility models for binary gambles, Lexicographic state-dependent subjective expected utility, Reconsidering the common ratio effect: the roles of compound independence, reduction, and coalescing, Third-generation prospect theory, Where does subjective expected utility fail descriptively?, Reference-dependent utility with shifting reference points and incomplete preferences, Advances in prospect theory: cumulative representation of uncertainty, Recent developments in modeling preferences: Uncertainty and ambiguity, Empirical evaluation of third-generation prospect theory, Singular points in generalized concatenation structures that otherwise are homogeneous, Combining additive representations on subsets into an overall representation, Boundedness and symmetry of comonotonically additive functionals, A simple axiomatization of binary rank-dependent utility of gains (Losses), Cumulative prospect theory and imprecise risk, Separable and additive representations of binary gambles of gains., A Bayesian approach to testing decision making axioms, Measurement analogies: comparisons of behavioral and physical measures, Prospect theory for continuous distributions: a preference foundation, Testing lexicographic semiorders as models of decision making: priority dominance, integration, interaction, and transitivity, On probabilities and loss aversion, Extension and representation of comonotonically additive functionals, An index of loss aversion, Eliciting decision weights by adapting de Finetti's betting-odds method to prospect theory, The Impact of Learning by Thought on Violations of Independence and Coalescing, Reconciling Savage's and Luce's modeling of uncertainty: the best of both worlds, An experimental test of reduction invariance, Empirical evaluation of four models of buying and selling prices of gambles, Reference-dependent expected utility with incomplete preferences, Approximate portfolio analysis, Violations of conjoint independence in binary choices: The equate-to-differentiate interpretation., Parametric weighting functions, The sure-thing principle and the comonotonic sure-thing principle: An axiomatic analysis, Options traders exhibit subadditive decision weights, Associative joint receipts, A new foundation for the mean-variance analysis, Preference structures and their numerical representations, Star-shaped probability weighting functions and overbidding in first-price auctions, Quality-adjusted life years (QALY) utility models under expected utility and rank dependent utility assumptions, An axiomatization of cumulative prospect theory, Reduction invariance and Prelec's weighting functions, Knock-out for descriptive utility or experimental-design error?, Separating marginal utility and probabilistic risk aversion, A comparison of five models that predict violations of first-order stochastic dominance in risky decision making, Loss averse behavior, A variational model of preference under uncertainty, Violations of the betweenness axiom and nonlinearity in probability

Cites Work

• Classification of concatenation measurement structures according to scale type
• Expected utility with purely subjective non-additive probabilities
• Fundamental unit structures: A theory of ratio scalability
• A general theory of ratio scalability with remarks about the measurement- theoretic concept of meaningfulness
• Nontransitive measurable utility
• Rank- and sign-dependent linear utility models for binary gambles
• Where does subjective expected utility fail descriptively?
• Additivity, utility, and subjective probability
• Continuous nontransitive additive conjoint measurement
• Subjective Probability and Expected Utility without Additivity
• Prospect Theory: An Analysis of Decision under Risk
• The Dual Theory of Choice under Risk
• A general theory of measurement applications to utility
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item