Pierre-Henry Wilthien

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We reconsider the principles of diminishing transfer (introduced by Kolm (1976)) and dual diminishing transfer (introduced by Mehran (1976)). It appears that if a Rank Dependent Expected Utility (RDEU) maximizer respects the principle of diminishing (resp. dual diminishing) transfer, then he behaves in accordance with the Expected Utility model (resp.(More)
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