Invariant Value Functions under Cumulative Prospect Theory

• Authors: S. Wójcik
• Languages of publication: EN

Abstracts

EN

In this paper the notion of the preference homogeneity is extended. We determine the value functions under the cumulative prospect theory such that the certainty equivalents related to them are invariant with respect to some classes of transformations.

Keywords

EN

89.20.-a; 89.65.Gh

Discipline

• 89.20.-a: Interdisciplinary applications of physics
• 89.65.Gh: Economics; econophysics, financial markets, business and management(for economic issues regarding production and use of renewable energy, see 88.05.Lg)

• Journal: Acta Physica Polonica A
• Year: 2016
• Volume: 129
• Issue: 5
• Pages: 955-958

Dates

published

2016-05

Contributors

author

S. Wójcik

• Department of Mathematical Statistics, Statistical Office in Rzeszów, Jana III Sobieskiego 10, Rzeszów, Poland

References

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Identifiers

DOI

10.12693/APhysPolA.129.955