A new axiomatization of rank-dependent expected utility with tradeoff consistency for equally likely outcomes

DOI10.1016/S0304-4068(01)00057-XzbMATH Open1017.91020OpenAlexW2163683521WikidataQ58318762 ScholiaQ58318762MaRDI QIDQ5954779FDOQ5954779

Ulrich Schmidt, Horst Zank

Publication date: 3 September 2003

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/s0304-4068(01)00057-x

zbMATH Keywords

tradeoff consistencyrank-dependent expected utilityequally likely outcomes

Mathematics Subject Classification ID

Utility theory (91B16)

Cites Work

• Title not available (Why is that?)
• The Dual Theory of Choice under Risk
• Eliciting von Neumann-Morgenstern Utilities When Probabilities Are Distorted or Unknown
• An axiomatization of cumulative prospect theory for decision under risk
• A unified derivation of classical subjective expected utility models through cardinal utility
• Separating marginal utility and probabilistic risk aversion
• Anticipated utility: A measure representation approach
• Measuring the utility of losses by means of the tradeoff method
• The axiomatic basis of anticipated utility: A clarification
• A unifying approach to axiomatic non-expected utility theories
• Distorted probabilities and choice under risk
• Sure things - dominance and independence rules for choice under uncertainty

Cited In (9)

• Probability weights in rank-dependent utility with binary even-chance independence.
• Random rank-dependent expected utility
• Star-shaped probability weighting functions and overbidding in first-price auctions
• Comonotonicity axioms and rank-dependent expected utility theory for arbitrary consequences
• Rank-dependent preferences without ranking axioms
• Revisiting consistency with random utility maximisation: theory and implications for practical work
• Preference under risk in the presence of indistinguishable probabilities
• Linear cumulative prospect theory with applications to portfolio selection and insurance demand
• The hyperbolic factor: a measure of time inconsistency

This page was built for publication: A new axiomatization of rank-dependent expected utility with tradeoff consistency for equally likely outcomes

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q5954779)