On a derivation of the Goldstein-Einhorn probability weighting functions

DOI10.1007/S00010-020-00704-7zbMATH Open1445.39018OpenAlexW2999582947WikidataQ126319389 ScholiaQ126319389MaRDI QIDQ785652FDOQ785652

Authors: Jacek Chudziak 

Publication date: 7 August 2020

Published in: Aequationes Mathematicae (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00010-020-00704-7

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zbMATH Keywords

probability weighting functionindifference pricingpositive homogeneityutility representationGoldstein-Einhorn functions

Mathematics Subject Classification ID

Utility theory (91B16) Functional equations for real functions (39B22)

Cites Work

• Title not available (Why is that?)
• The Probability Weighting Function
• Stochastic finance. An introduction in discrete time
• Advances in prospect theory: cumulative representation of uncertainty
• An introduction to the theory of functional equations and inequalities. Cauchy's equation and Jensen's inequality. Edited by Attila Gilányi
• Risk Aversion in the Small and in the Large
• Pexider's equation and aggregation of allocations
• Curvature of the Probability Weighting Function
• Reduction invariance and Prelec's weighting functions
• A behavioral condition for Prelec's weighting function on the positive line without assuming \(W(1)=1\)
• Using logarithmic derivative functions for assessing the risky weighting function for binary gambles
• A simple derivation of Prelec's probability weighting function

Cited In (3)

• An axiomatization of the Goldstein-Einhorn weighting functions
• A note on the shape of the probability weighting function
• Title not available (Why is that?)

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