Parametric weighting functions

Please use this identifier to cite or link to this item: http://dspace.mediu.edu.my:8181/xmlui/handle/10419/4129

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DC Field	Value	Language
dc.creator	Diecidue, Enrico	-
dc.creator	Schmidt, Ulrich	-
dc.creator	Zank, Horst	-
dc.date	2008	-
dc.date.accessioned	2013-10-16T06:23:18Z	-
dc.date.available	2013-10-16T06:23:18Z	-
dc.date.issued	2013-10-16	-
dc.identifier	http://hdl.handle.net/10419/4129	-
dc.identifier	ppn:557146348	-
dc.identifier.uri	http://koha.mediu.edu.my:8181/xmlui/handle/10419/4129	-
dc.description	This paper provides preference foundations for parametric weighting functions under rankdependent utility. This is achieved by decomposing the independence axiom of expected utility into separate meaningful properties. These conditions allow us to characterize rank-dependent utility with power and exponential weighting functions. Moreover, by allowing probabilistic risk attitudes to vary within the probability interval, a preference foundation for rank-dependent utility with parametric inverse-S shaped weighting function is obtained.	-
dc.language	eng	-
dc.publisher	Kiel Institute for the World Economy (IfW) Kiel	-
dc.relation	Kiel working paper 1395	-
dc.rights	http://www.econstor.eu/dspace/Nutzungsbedingungen	-
dc.subject	D81	-
dc.subject	ddc:330	-
dc.subject	Comonotonic independence	-
dc.subject	Probability weighting function	-
dc.subject	Preference foundation	-
dc.subject	Rank-dependent utility	-
dc.subject	Entscheidung bei Unsicherheit	-
dc.subject	Prospect Theory	-
dc.subject	Erwartungsnutzen	-
dc.subject	Theorie	-
dc.title	Parametric weighting functions	-
dc.type	doc-type:workingPaper	-
Appears in Collections:	EconStor

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