Two-moment decision models and rank-dependent utility

Konrad, Kai A. (1993): Two-moment decision models and rank-dependent utility. In: Journal of Economics Zeitschrift für Nationalökonomie, Bd. 57, Nr. 1: S. 95-101

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.

• Dokumententyp: Zeitschriftenartikel
• Publikationsform: Publisher's Version
• Fakultät: Volkswirtschaft > Lehrstühle > MPI für Steuerrecht und Öffentliche Finanzen
• Themengebiete: 300 Sozialwissenschaften > 330 Wirtschaft
• ISSN: 0931-8658
• Sprache: Englisch