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Behavioral economics and auto-images of distributions of random variables

Author

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  • Harin, Alexander

Abstract

Distributions of random variables defined on finite intervals were considered in connection with some problems of behavioral economics. To develop the results obtained for finite intervals, auto-image distributions of random variables defined on infinite or semi-infinite intervals are proposed in this article. The proposed auto-images are intended for constructing reference auto-image distributions for preliminary considerations and estimates near the boundaries of semi-infinite intervals and on finite intervals.

Suggested Citation

  • Harin, Alexander, 2017. "Behavioral economics and auto-images of distributions of random variables," MPRA Paper 83025, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:83025
    as

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    File URL: https://mpra.ub.uni-muenchen.de/83025/1/MPRA_paper_83025.pdf
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    References listed on IDEAS

    as
    1. Alexander Harin, 2012. "Data Dispersion in Economics (I) - Possibility of Restrictions," Review of Economics & Finance, Better Advances Press, Canada, vol. 2, pages 59-70, August.
    2. Harin, Alexander, 2017. "Can forbidden zones for the expectation explain noise influence in behavioral economics and decision sciences?," MPRA Paper 76240, University Library of Munich, Germany.
    3. Alexander Harin, 2012. "Data Dispersion in Economics(II) - Inevitability and Consequences of Restrictions," Review of Economics & Finance, Better Advances Press, Canada, vol. 2, pages 24-36, November.
    4. Steftcho P. Dokov & David P. Morton, 2005. "Second-Order Lower Bounds on the Expectation of a Convex Function," Mathematics of Operations Research, INFORMS, vol. 30(3), pages 662-677, August.
    5. Daniel Kahneman & Richard H. Thaler, 2006. "Anomalies: Utility Maximization and Experienced Utility," Journal of Economic Perspectives, American Economic Association, vol. 20(1), pages 221-234, Winter.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    random variables; expectation; utility; prospect theory; decision;

    JEL classification:

    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • C18 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Methodolical Issues: General
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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