This article compares classical expected utility (EU) with the more general rank-dependent utility (RDU) models. The difference between the independence condition for preferences of EU and its comonotonic generalization in RDU provides the exact demarcation between EU and rank-dependent models....

Section A: Two-Person Interaction -- 1. Optimal Policies for the Prisoner’s Dilemma -- 2. Experimental Studies of Interdependent Mixed-Motive Games -- 3. Decisions of Timing in Bipolarized Conflict Situations with Complete Information -- 4. Decisions of Timing in Conflict Situations of...