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Number of results
2016 | 129 | 5 | 955-958

Article title

Invariant Value Functions under Cumulative Prospect Theory

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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

Contributors

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

References

  • [1] A. Tversky, D. Kahneman, J. Risk Uncert. 5, 297 (1992), doi: 10.1007/BF00122574
  • [2] A. Al-Nowaihi, I. Bradley, S. Dhami, Econ. Lett. 99, 337 (2008), doi: 10.1016/j.econlet.2007.08.004
  • [3] A.E. Abbas, Decis. Anal. 4, 17 (2007), doi: 10.1287/deca.1060.0083
  • [4] A.E. Abbas, Theory Decis. 68, 69 (2010) http://springerlink.com/index/pdf/10.1007/s11238-009-9149-z
  • [5] A.E. Abbas, J. Aczél, Decis. Anal. 7, 215 (2010), doi: 10.1287/deca.1100.0177
  • [6] A.E. Abbas, J. Aczél, J. Chudziak, Result Math. 54, 1 (2009), doi: 10.1007/s00025-007-0266-0
  • [7] J. Chudziak, S. Wójcik, Opuscula Math. 33, 455 (2013), doi: 10.7494/OpMath.2013.33.3.455
  • [8] M. Kuczma, An Introduction to the Theory of Functional Equations and Inequalities, Birkhäuser, Berlin 2009, doi: 10.1007/978-3-7643-8749-5
  • [9] J. Aczél, Lectures on functional equations and their applications, Mathematics in Science and Engineering, Academic Press, New York 1966, doi: 10.1002/zamm.19670470321

Document Type

Publication order reference

Identifiers

YADDA identifier

bwmeta1.element.bwnjournal-article-appv129n512kz
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