A behavioral condition for Prelec's weighting function on the positive line without assuming \(W(1)=1\)

DOI10.1016/j.jmp.2006.10.004zbMath1132.91602MaRDI QIDQ882303

R. Duncan Luce, János Aczél

Publication date: 23 May 2007

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

Full work available at URL: https://doi.org/10.1016/j.jmp.2006.10.004

zbMATH Keywords

functional equation; reduction invariance; double reduction invariance; generalized Prelec function; utility weighting function

Mathematics Subject Classification ID

91B16: Utility theory

39B22: Functional equations for real functions

91E30: Psychophysics and psychophysiology; perception

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Cites Work

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• Empirical evaluation of a model of global psychophysical judgments. IV : Forms for the weighting function
• Reduction invariance and Prelec's weighting functions
• A theory of ratio magnitude estimation
• The Probability Weighting Function