Lute and Fishburn (1991) derived a general rank-dependent utility model using an operation @ of joint receipt. Their argument rested on an empirically supported property (now) called segregation and on the assumption that utility is additive over CD. This note generalizes that conclusion to the cas
✦ LIBER ✦
Non-expected utility and the robustness of the classical insurance paradigm: discussion : 074071 (E12) Karni E., The Johns Hopkins University, Baltimore, The Geneva Papers on Risk and Insurance, Vol. 20, nr. 01, 1995, pp. 51–56
- Publisher
- Elsevier Science
- Year
- 1996
- Tongue
- English
- Weight
- 117 KB
- Volume
- 17
- Category
- Article
- ISSN
- 0167-6687
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