Parameter-Free Elicitation of Utility and Probability Weighting Functions
This paper proposes a two-step method to successively elicit utility functions and decision weights under rank-dependent expected utility theory and its "more descriptive" version: cumulative prospect theory. The novelty of the method is that it is parameter-free, and thus elicits the whol...
| Veröffentlicht in: | Management Science. - Institute for Operations Research and the Management Sciences, 1954. - 46(2000), 11, Seite 1497-1512 |
|---|---|
| 1. Verfasser: | |
| Format: | Online-Aufsatz |
| Sprache: | English |
| Veröffentlicht: |
2000
|
| Zugriff auf das übergeordnete Werk: | Management Science |
| Schlagworte: | Decision Making Expected Utility Rank-Dependent Expected Utility Cumulative Prospect Theory Probability Weighting Function Mathematics Economics Information science Applied sciences Philosophy |
| Online verfügbar |
Volltext |