Axiomatic Reference-Dependence in Behavior toward Others and toward Risk
This paper considers the applicability of the standard separability axiom for both risk and other-regarding preferences, and advances arguments why separability might fail. An alternative axiom, which is immune to these arguments, leads to a preference representation that is additively separable in...
| Veröffentlicht in: | Economic Theory. - Springer, 1991. - 28(2006), 3, Seite 681-692 |
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| 1. Verfasser: | |
| Format: | Online-Aufsatz |
| Sprache: | English |
| Veröffentlicht: |
2006
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| Zugriff auf das übergeordnete Werk: | Economic Theory |
| Schlagworte: | Other-regarding preferences Risk Separability Axiomatic foundation Prospect theory D81 D64 Economics Behavioral sciences Mathematics |
| Online verfügbar |
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