On a derivation of the Goldstein–Einhorn probability weighting functions-Reference-Cited by-同舟云学术

On a derivation of the Goldstein–Einhorn probability weighting functions

Published:2020-01-18 Issue:4 Volume:94 Page:749-759
ISSN:0001-9054
Container-title:Aequationes mathematicae
language:en
Short-container-title:Aequat. Math.

Author:

Chudziak Jacek^ORCID

Abstract

AbstractThe well known Goldstein–Einhorn probability weighting functions have been characterized by Gonzalez and Wu using the linear in log odds preference condition. We provide an alternative way of deriving this class of functions. It is based on the concept of indifference prices.

Funder

University of Rzeszow

Publisher

Springer Science and Business Media LLC

Subject

Applied Mathematics,Discrete Mathematics and Combinatorics,General Mathematics

Link

http://link.springer.com/content/pdf/10.1007/s00010-020-00704-7.pdf

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