Counterexamples to Segal's Measure Representation Theorem

Authors
  • P.P. Wakker
Publication date 1993
Journal Journal of Risk and Uncertainty
Volume | Issue number 6 | 6
Pages (from-to) 91-98
Organisations
  • Faculty of Economics and Business (FEB) - Amsterdam School of Economics Research Institute (ASE-RI)
Abstract This article discusses relations between several notions of continuity in rank-dependent utility, and in the generalized version of rank-dependent utility as initiated by Segal. Primarily, examples are given to show logical independencies between these notions of continuity. This also leads to counterexamples to Segal's (1989) characterizing theorem 1.
Document type Article
Published at https://doi.org/10.1007/BF01065352
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