PL EN


Preferences help
enabled [disable] Abstract
Number of results
2015 | 127 | 3A | A-29-A-32
Article title

Scale Invariance of Principle of Equivalent Utility under Cumulative Prospect Theory

Content
Title variants
Languages of publication
EN
Abstracts
EN
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
EN
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
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.