A behavioral condition for Prelec's weighting function on the positive line without assuming W(1)=1

被引:11
作者
Aczel, Janos
Luce, R. Duncan
机构
[1] Univ Calif Irvine, Dept Cognit Sci, Irvine, CA 92697 USA
[2] Univ Waterloo, Dept Pure Math, Waterloo, ON N2L 3G1, Canada
基金
加拿大自然科学与工程研究理事会; 美国国家科学基金会;
关键词
double reduction invariance; functional equation; generalized Prelec function; reduction invariance; utility weighting function;
D O I
10.1016/j.jmp.2006.10.004
中图分类号
O1 [数学];
学科分类号
0701 ; 070101 ;
摘要
Prelec axiomatized a flexible 2-parameter weighting function W over probabilities in a utility context, and Luce reported a simpler axiomatic condition for the case W(1) = 1. This article modifies the latter to yield also the generalized Prelec functions with W(1) not equal 1 and deals also with the cases where the variables go through [1, infinity] or through the whole positive line. This has arisen naturally in a psychophysical application. (c) 2006 Elsevier Inc. All rights reserved.
引用
收藏
页码:126 / 129
页数:4
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