THE AXIOMATIC BASIS OF ANTICIPATED UTILITY - A CLARIFICATION
成果类型：
Article
署名作者：
QUIGGIN, J; WAKKER, P
署名单位：
Australian National University; Leiden University; Leiden University - Excl LUMC
刊物名称：
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN：
0022-0531
DOI：
10.1006/jeth.1994.1078
发表日期：
1994
页码：
486-499
关键词：
摘要：
Quiggin (J. Econ. Behav. Organization 3 (1982), 323-345) introduced anticipated (''rank-dependent'') utility theory into decision making under risk. Questions have been raised about mathematical aspects of Quiggin's analysis. This paper settles these questions and shows that a minor modification of Quiggin's axioms leads to a useful and correct result, with features not found in other recent axiomatizations. (C) 1994 Academic Press, Inc.