Konrad, Kai A.
(1993):
Two-moment decision models and rank-dependent utility.
In: Journal of Economics Zeitschrift für Nationalökonomie, Vol. 57, No. 1: pp. 95-101
DOI: 10.1007/BF01237438
External fulltext: http://link.springer.com/article/10.1007%2FBF01237438
Abstract
This paper extends results on the consistency of two-moment decision models with expected utility to rank-dependent utility preferences. The representations of expected utility and rank-dependent utility by μ-σ-preferences have very similar comparative statics properties for linear distribution classes, except for the behavior with respect to small independent risks. © 1993 Springer-Verlag.
| Item Type: | Journal article |
|---|---|
| Form of publication: | Publisher's Version |
| Faculties: | Economics > Chairs > MPI for Tax Law and Public Finance |
| Subjects: | 300 Social sciences > 330 Economics |
| ISSN: | 0931-8658 |
| Language: | English |
| Item ID: | 22152 |
| Date Deposited: | 09. Dec 2014 15:53 |
| Last Modified: | 04. Nov 2020 13:02 |
Actions (login required)
- View Item
