Journal
Article title
Authors
Title variants
Languages of publication
Abstracts
In 1984 A. Reich proved that under Expected Utility Theory, a scale invariance of the Principle of Equivalent Utility just for two particular values of parameters implies its scale invariance. In this paper, we extend this result onto the Principle of Equivalent Utility under Cumulative Prospect Theory.
Keywords
Journal
Year
Volume
Issue
Pages
A-29-A-32
Physical description
Dates
published
2015-03
Contributors
author
- Faculty of Mathematics and Natural Sciences, University of Rzeszów, Prof. St. Pigonia 1, 35-310 Rzeszów, Poland
author
- Department of Regional Politics and Food Economy, University of Rzeszów, Ćwiklińskiej 2, 35-601 Rzeszów, Poland
author
- Statistical Office in Rzeszów, Jana III Sobieskiego 10, 35-959 Rzeszów, Poland
References
- [1] J. Quiggin, J. Econ. Behav. Organ. 3, 323 (1982)
- [2] U. Segal, Ann. Oper. Res. 19, 359 (1989)
- [3] A. Tversky, D. Kahneman, J. Risk Uncertainty 5, 297 (1992)
- [4] M. Kałuszka, M. Krzeszowiec, Insur. Math. Econ. 50, 159 (2012), doi: 10.1016/j.insmatheco.2011.11.001
- [5] S. Heilpern, Insur. Math. Econ. 33, 67 (2003), doi: 10.1016/S0167-6687(03)00144-6
- [6] A. Reich, ASTIN Bulletin 14, 123 (1984)
- [7] M. Kuczma, An Introduction to the Theory of Functional Equations and Inequalities, Birkhäuser, Berlin 2009
Document Type
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.bwnjournal-article-appv127n3a04kz