Random Rank-Dependent Expected Utility

We present a novel characterization of random rank-dependent expected utility for finite datasets and finite prizes. As a byproduct, we obtain a characterization of random expected utility that works for finite datasets. The test lends itself to statistical testing. We apply our test to an experimen...

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Bibliographic Details
Main Authors: Nail Kashaev, Victor H. Aguiar
Format: Article
Language:English
Published: MDPI AG 2022-01-01
Series:Games
Subjects:
Online Access:https://www.mdpi.com/2073-4336/13/1/13