Random Rank-Dependent Expected Utility
Theoretical Economics
2022-03-23 v1 Econometrics
Abstract
We present a novel characterization of random rank-dependent expected utility for finite datasets and finite prizes. The test lends itself to statistical testing using the tools in Kitamura and Stoye (2018).
Cite
@article{arxiv.2112.13649,
title = {Random Rank-Dependent Expected Utility},
author = {Nail Kashaev and Victor Aguiar},
journal= {arXiv preprint arXiv:2112.13649},
year = {2022}
}