Kashaev, Nail; Aguiar, Victor H. - In: Games 13 (2022) 1, pp. 1-10
We present a novel characterization of random rank-dependent expected utility for finite datasets and finite prizes. As … a byproduct, we obtain a characterization of random expected utility that works for finite datasets. The test lends … itself to statistical testing. We apply our test to an experimental dataset and find evidence against random expected utility …
