Artikel
Random rank-dependent expected utility
We present a novel characterization of random rank-dependent expected utility for finite datasets and finite prizes. As a byproduct, we obtain a characterization of random expected utility that works for finite datasets. The test lends itself to statistical testing. We apply our test to an experimental dataset and find evidence against random expected utility, while random rank-dependent expected utility can explain the dataset.
- Language
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Englisch
- Bibliographic citation
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Journal: Games ; ISSN: 2073-4336 ; Volume: 13 ; Year: 2022 ; Issue: 1 ; Pages: 1-10 ; Basel: MDPI
- Classification
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Wirtschaft
Econometric Modeling: General
Model Construction and Estimation
Model Evaluation, Validation, and Selection
Design of Experiments: Laboratory, Individual
- Subject
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expected utility
random utility
rank-dependent expected utility
- Event
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Geistige Schöpfung
- (who)
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Kashaev, Nail
Aguiar, Victor H.
- Event
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Veröffentlichung
- (who)
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MDPI
- (where)
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Basel
- (when)
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2022
- DOI
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doi:10.3390/g13010013
- Handle
- Last update
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10.03.2025, 11:46 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Kashaev, Nail
- Aguiar, Victor H.
- MDPI
Time of origin
- 2022
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