Scale Invariance of Principle of Equivalent Utility under Cumulative Prospect Theory

被引:0
|
作者
Chudziak, J. [1 ]
Halicki, M. [2 ]
Wojcik, S. [3 ]
机构
[1] Univ Rzeszow, Fac Math & Nat Sci, PL-35310 Rzeszow, Poland
[2] Univ Rzeszow, Dept Reg Polit & Food Econ, PL-35601 Rzeszow, Poland
[3] Stat Off Rzeszow, PL-35959 Rzeszow, Poland
关键词
D O I
暂无
中图分类号
O4 [物理学];
学科分类号
0702 ;
摘要
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.
引用
收藏
页码:A29 / A32
页数:4
相关论文
共 50 条
  • [31] On Extendability of the Principle of Equivalent Utility
    Chudziak, Malgorzata
    Zoldak, Marek
    SYMMETRY-BASEL, 2020, 12 (01):
  • [32] An Efficient Prospect Selection Apporach in Cumulative Prospect Theory
    Li Chun-hao
    Du Yuan-wei
    Sun Yong-he
    2008 4TH INTERNATIONAL CONFERENCE ON WIRELESS COMMUNICATIONS, NETWORKING AND MOBILE COMPUTING, VOLS 1-31, 2008, : 10459 - 10462
  • [33] On the Foster-Hart Measure of Riskiness under Cumulative Prospect Theory
    Chudziak, J.
    Halicki, M.
    ACTA PHYSICA POLONICA A, 2016, 129 (05) : 950 - 954
  • [34] A Casino Gambling Model Under Cumulative Prospect Theory: Analysis and Algorithm
    Hu, Sang
    Obloj, Jan
    Zhou, Xun Yu
    MANAGEMENT SCIENCE, 2023, 69 (04) : 2474 - 2496
  • [35] Multi-Period Investment Strategies under Cumulative Prospect Theory
    Deng, Liurui
    Pirvu, Traian A.
    JOURNAL OF RISK AND FINANCIAL MANAGEMENT, 2019, 12 (02)
  • [36] Stochastic dominance and cumulative prospect theory
    Baucells, Manel
    Heukamp, Franz H.
    MANAGEMENT SCIENCE, 2006, 52 (09) : 1409 - 1423
  • [37] Cumulative prospect theory and imprecise risk
    Philippe, F
    MATHEMATICAL SOCIAL SCIENCES, 2000, 40 (03) : 237 - 263
  • [38] Cumulative prospect theory and deferred annuities
    Chen, Anran
    Haberman, Steven
    Thomas, Stephen
    REVIEW OF BEHAVIORAL FINANCE, 2019, 11 (03) : 277 - 293
  • [39] Risk aversion in cumulative prospect theory
    Schmidt, Ulrich
    Zank, Horst
    MANAGEMENT SCIENCE, 2008, 54 (01) : 208 - 216
  • [40] Reference dependence in cumulative prospect theory
    Schmidt, U
    JOURNAL OF MATHEMATICAL PSYCHOLOGY, 2003, 47 (02) : 122 - 131