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dc.contributor.authorDiecidue, Enricoen
dc.contributor.authorSchmidt, Ulrichen
dc.contributor.authorZank, Horsten
dc.date.accessioned2009-01-28T14:32:12Z-
dc.date.available2009-01-28T14:32:12Z-
dc.date.issued2008-
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
dc.language.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.relation.ispartofseries|aKiel Working Paper |x1395en
dc.subject.jelD81en
dc.subject.ddc330en
dc.subject.keywordProbability weighting functionen
dc.subject.keywordPreference foundationen
dc.subject.keywordRank-dependent utilityen
dc.subject.keywordComonotonic independenceen
dc.subject.stwEntscheidung bei Unsicherheiten
dc.subject.stwProspect Theoryen
dc.subject.stwErwartungsnutzenen
dc.subject.stwTheorieen
dc.titleParametric weighting functions-
dc.typeWorking Paperen
dc.identifier.ppn557146348en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkwp:1395en

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