Option price without expected utility Academic Article uri icon


  • 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. 2008 Elsevier B.V. All rights reserved.

published proceedings


author list (cited authors)

  • Jindapon, P., & Shaw, W. D.

citation count

  • 2

complete list of authors

  • Jindapon, Paan||Shaw, W Douglass

publication date

  • January 2008