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Random Rank-Dependent Expected Utility

Nail Kashaev, Victor Aguiar

arXiv 27 Dec 2021 · Theoretical Economics · publishedGames (2022)

arXiv:2112.13649 · PDF · DOI · OpenAlex · Extracted main text

Abstract

We present a novel characterization of random rank-dependent expected utility for finite datasets and finite prizes. The test lends itself to statistical testing using the tools in Kitamura and Stoye (2018).

Citation extraction

11
references
22
in-text mentions
11
distinct cited
0
self-citations
4,557
main-text words

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Most heavily cited references

The works this paper leans on most, across its whole bibliography — not restricted to papers in our corpus. Ranked by composite intensity, which combines how often a work is mentioned, how many sections mention it, and how much of that falls in the main text rather than the appendix.

ReferenceIntensityMentionsSectionsMain text
1Aguiar, Boccardi, Kashaev and Kim (2021) Random Utility and Limited Consideration1.00073100%
2Quiggin (1991) Comparative statics for rank-dependent expected utility theory0.73732100%
3Kitamura and Stoye (2018) Nonparametric analysis of random utility models0.64422100%
4Gul and Pesendorfer (2006) Random expected utility0.51121100%
5McFadden and Richter (1990) Stochastic rationality and revealed stochastic preference0.51121100%
6Aguiar, Boccardi, Kashaev and Kim (2019) Does Random Consideration Explain Behavior when Choice is Hard? Evidence from a Large-scale Experiment0.40511100%
7Abdellaoui (2002) A genuine rank-dependent generalization of the Von Neumann-Morgenstern expected utility theorem0.40511100%
8Polisson, Quah and Renou (2020) Revealed preferences over risk and uncertainty0.40511100%
9Quiggin (1982) A theory of anticipated utility0.40511100%
10Ray r Robson (2018) Certified random: A new order for coauthorship0.40511100%

Showing the top 10 of 11 scored citations.