Rank-Dependent Models of Risky Behavior: A 30th Birthday Party
September 22, 2011 – September 23, 2011
Georgia State University
The objective of this workshop is to get together researchers that have examined RDU from both a theoretical and experimental perspective. The theoretical issues range from calibration questions, to the axioms that underlie RDU, to the theoretical implications for insurance and actuarial pricing, and to the role for non‐additivity in characterizing uncertainty and ambiguity. The experimental issues range over rigorous structural estimates of RDU models, evaluations of empirical claims in the literature about RDU, and extensions of designs to evaluate relaxations of specific axioms underpinning RDU (IA and ROCL). We want to have the theorists and experimenters in the same room, and talking to each other.