Generalized Expected Utility Theory: The Rank-Dependent Model

by John Quiggin

1 Uncertainty.- 2 Background.- 3 EU Theory.- 4 The Challenge to EU Theory.- 5 Rank-Dependent Expected Utility - An Outline.- 6 Risk Aversion in RDEU Theory.- 7 Comparative Statics for RDEU Theory.- 8 Risk Seeking and Lottery Design.- 9 Some Normative Properties of RDEU.- 10 RDEU and Experimental Evidence.- 11 Axiomatic Approaches to RDEU.- 12 Generalized Smooth Utility and RDEU.- 13 Stochastic Dominance and Independence Rules.- 14 Extensions.- References.- Index of Names.- Topic Index.

224 pages, Paperback

First published December 31, 1992

About the author

John Quiggin (born 29 March 1956) is an Australian economist, a Professor and an Australian Research Council Laureate Fellow at the University of Queensland, and a member of the Board of the Climate Change Authority of the Australian Government.