The present work takes place in the framework of a non-expected utility model under risk: the RDEU theory (Rank Dependent Expected Utility, first initiated by Quiggin under the denomination of ...
James Chen, CMT is an expert trader, investment adviser, and global market strategist. Thomas J. Brock is a CFA and CPA with more than 20 years of experience in various areas including investing, ...
Pareto is usually considered to be the father of ordinal and interpersonally incomparable utility. Yet, at the same time, he acknowledged that individuals are able to perceive preference intensities ...