Option price without expected utility

C-Tier
Journal: Economics Letters
Year: 2008
Volume: 100
Issue: 3
Pages: 408-410

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We consider the meaning of the option price, commonly acknowledged as the preferred ex ante welfare measure, in the rank-dependent expected utility (RDEU) framework. The importance of this pertains to performing benefit-cost analysis when RDEU maximizers are prevalent in society.

Technical Details

RePEc Handle
repec:eee:ecolet:v:100:y:2008:i:3:p:408-410
Journal Field
General
Author Count
2
Added to Database
2026-01-25