Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/4129
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dc.contributor.authorDiecidue, Enricoen_US
dc.contributor.authorSchmidt, Ulrichen_US
dc.contributor.authorZank, Horsten_US
dc.date.accessioned2009-01-28T14:32:12Z-
dc.date.available2009-01-28T14:32:12Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/4129-
dc.description.abstractThis 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.en_US
dc.language.isoengen_US
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen_US
dc.relation.ispartofseries|aKiel Working Paper |x1395en_US
dc.subject.jelD81en_US
dc.subject.ddc330-
dc.subject.keywordProbability weighting function
dc.subject.keywordPreference foundation
dc.subject.keywordRank-dependent utility
dc.subject.keywordComonotonic independence
dc.subject.stwEntscheidung bei Unsicherheiten_US
dc.subject.stwProspect Theoryen_US
dc.subject.stwErwartungsnutzenen_US
dc.subject.stwTheorieen_US
dc.titleParametric weighting functionsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn557146348en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:ifwkwp:1395-

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