Foundations of the Rank-Dependent Probability Weighting Function
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More about this item
Keywords
probability weighting; rank dependent expected utility; loss aversion; reference dependence; optimism; pessimism;All these keywords.
JEL classification:
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBE-2019-10-28 (Cognitive & Behavioural Economics)
- NEP-ORE-2019-10-28 (Operations Research)
- NEP-UPT-2019-10-28 (Utility Models & Prospect Theory)
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