Electronic Resource
Springer
Journal of economics
57 (1993), S. 95-101
ISSN:
1617-7134
Source:
Springer Online Journal Archives 1860-2000
Topics:
Economics
Notes:
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.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/BF01237438
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