Independence properties vis-a-vis several utility representations

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Show simple item record Marley, Anthony en_US Luce, R en_US
dc.contributor.editor en_US 2012-02-02T11:04:35Z 2012-02-02T11:04:35Z 2005 en_US
dc.identifier 2010000429 en_US
dc.identifier.citation Marley Anthony and Luce R 2005, 'Independence properties vis-a-vis several utility representations.', Springer, vol. 58, no. 1, pp. 77-143. en_US
dc.identifier.issn 0040-5833 en_US
dc.identifier.other C1UNSUBMIT en_US
dc.description.abstract 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. en_US
dc.language en_US
dc.publisher Springer en_US
dc.relation.isbasedon en_US
dc.title Independence properties vis-a-vis several utility representations en_US
dc.parent Theory and Decision en_US
dc.journal.volume 58 en_US
dc.journal.number 1 en_US
dc.publocation US en_US
dc.identifier.startpage 77 en_US
dc.identifier.endpage 143 en_US BUS.Faculty of Business en_US
dc.conference Verified OK en_US
dc.for 140200 en_US
dc.personcode 102475 en_US
dc.personcode 0000065143 en_US
dc.percentage 100 en_US Applied Economics en_US
dc.classification.type FOR-08 en_US
dc.edition en_US
dc.custom en_US en_US
dc.location.activity en_US
dc.description.keywords NA en_US

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