Behavioral economics and auto-images of distributions of random variables

Harin, Alexander (2017): Behavioral economics and auto-images of distributions of random variables.

Abstract

Distributions of random variables defined on finite intervals were considered in connection with some problems of behavioral economics. To develop the results obtained for finite intervals, auto-image distributions of random variables defined on infinite or semi-infinite intervals are proposed in this article. The proposed auto-images are intended for constructing reference auto-image distributions for preliminary considerations and estimates near the boundaries of semi-infinite intervals and on finite intervals.

• Item Type: MPRA Paper
• Language: English
• Keywords: random variables, expectation; utility; prospect theory; decision
• Subjects: C - Mathematical and Quantitative Methods > C0 - General > C02 - Mathematical Methods; C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C10 - General; C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C18 - Methodological Issues: General; D - Microeconomics > D8 - Information, Knowledge, and Uncertainty; D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D81 - Criteria for Decision-Making under Risk and Uncertainty

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