Independence properties Vis-A-Vis several utility representations

被引:34
作者
Marley, AAJ
Luce, RD
机构
[1] Univ Calif Irvine, Irvine, CA 92697 USA
[2] Univ Groningen, Dept Econ, NL-9700 AV Groningen, Netherlands
[3] Univ Victoria, Victoria, BC V8W 2Y2, Canada
基金
加拿大自然科学与工程研究理事会;
关键词
independence properties; rank-dependent utility; rank weighted utility; TAX utility; weighted utility;
D O I
10.1007/s11238-005-2460-4
中图分类号
F [经济];
学科分类号
02 ;
摘要
A detailed theoretical analysis is presented of what five utility representations - subjective expected utility (SEU), rank-dependent (cumulative or Choquet) utility (RDU), gains decomposition utility (GDU), rank weighted utility (RWU), and a configural-weight model (TAX) that we show to be equivalent to RWU - say about a series of independence properties, many of which were suggested by M. H. Birnbaum and his coauthors. The goal is to clarify what implications to draw about the descriptive aspects of the representations from data concerning these properties. The upshot is a sharp rejection of SEU and RDU and no clear choice between GDU and TAX, but a list of 8 properties is given that should receive more attention to discriminate between the latter two models.
引用
收藏
页码:77 / 143
页数:67
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