A preference foundation for constant loss aversion
نویسندگان
چکیده
منابع مشابه
A preference foundation for Fehr and Schmidt's model of inequity aversion
Fehr and Schmidt (1999) introduced an influential utility function for individuals in interpersonal contexts that captures self-centered inequity aversion. The power of this utility function lies in its good balance between parsimony and fit. This paper provides a preference foundation for exactly the model of Fehr and Schmidt (FS), so that the preference conditions satisfy exactly FS’s balance...
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ژورنال
عنوان ژورنال: Journal of Mathematical Economics
سال: 2012
ISSN: 0304-4068
DOI: 10.1016/j.jmateco.2011.11.003