A Simple Axiomatization of Binary Rank-Dependent Utility of Gains (Losses)
نویسنده
چکیده
This work was supported in part by National Science Foundation Grants SBR-9520107 (Luce) and SBR-9730076 (Grofman, Marley, Regenwetter) to the University of California, Irvine. We thank Rolf Johnson and Bethany Knapp for pointing out that an earlier version of this result worked only for subjective expected utility, not the rank-dependent generalization. Address correspondence and reprint requests to R. Duncan Luce, Departments of Cognitive Science and Economics, University of California, Irvine, CA 92697. A. A. J. Marley
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