Diecidue, Enrico; Schmidt, Ulrich; Zank, Horst - In: Journal of Economic Theory 144 (2009) 3, pp. 1102-1118
This paper provides preference foundations for parametric weighting functions under rank-dependent utility. This is achieved by decomposing the independence axiom of expected utility into separate meaningful properties. These conditions allow us to characterize rank-dependent utility with power...
