Work

Scale Invariance of Principle of Equivalent Utility under Cumulative Prospect Theory

Year: 2015

Type: article

Abstract: 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.

Source: Acta Physica Polonica A

DOI: 10.12693/aphyspola.127.a-29

Authors: J. Chudziak, M. Halicki, S. Wójcik

Institutions: University of Rzeszów, Statistics Poland

Language: English

Topic: Decision-Making and Behavioral Economics

Subfield: General Decision Sciences

Field: Decision Sciences

Domain: Social Sciences

Open Access status: diamond

OpenAlex ID: W2047972155

FWCI: 0.402

Cites: 7

Cited by: 2

Related to: 10