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Extension problem for principles of equivalent utility

  • Jacek ChudziakEmail author
Open Access
Article

Abstract

We prove that, under the Cumulative Prospect Theory, every principle of equivalent utility, defined on a family of ternary risks, possesses a unique extension to the family of all risks.

Keywords

Principle of equivalent utility Extension Insurance premium General linear equation 

Mathematics Subject Classification

39B12 39B82 91B16 

Notes

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Copyright information

© The Author(s) 2019

OpenAccessThis article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.

Authors and Affiliations

  1. 1.Faculty of Mathematics and Natural SciencesUniversity of RzeszówRzeszowPoland

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