On existence and uniqueness of the principle of equivalent utility under Cumulative Prospect Theory

J. Chudziak

Insurance: Mathematics and Economics, 2018, vol. 79, issue C, 243-246

Abstract: We establish a necessary and sufficient condition for the existence and uniqueness of the principle of equivalent utility under Cumulative Prospect Theory.

Keywords: Principle of equivalent utility; Existence; Uniqueness; Cumulative Prospect Theory; Choquet integral (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:insuma:v:79:y:2018:i:c:p:243-246

DOI: 10.1016/j.insmatheco.2018.02.001

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