We examine the effects of a weak version of expected utility's independence axiom on the probability weighting function in rankdependent utility. Our weak independence axiom says that a 50-50 lottery between a two-outcome gamble and its certainty equivalent is indifferent to the certainty equivalent
✦ LIBER ✦
Expectations, Disappointment, and Rank-Dependent Probability Weighting
✍ Scribed by Philippe Delquié; Alessandra Cillo
- Publisher
- Springer US
- Year
- 2006
- Tongue
- English
- Weight
- 91 KB
- Volume
- 60
- Category
- Article
- ISSN
- 0040-5833
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