The maintained hypothesis that the evaluation question in the measurement of individual welfare functions is answered according to equal intervals of the [0,1]-scale is tested. Under the assumption that the welfare function can be approximated by a lognormal distribution function, the quantiles corresponding to the intervals are estimated jointly with the individual parameters of the welfare function. The estimation results for the quantiles reject the equal interval hypothesis.
机构:
Charles Univ Prague, Fac Math & Phys, Dept Probabil & Math Stat, Prague, Czech RepublicCharles Univ Prague, Fac Math & Phys, Dept Probabil & Math Stat, Prague, Czech Republic
Hlubinka, Daniel
Siman, Miroslav
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Czech Acad Sci, Inst Informat Theory & Automat, Prague, Czech RepublicCharles Univ Prague, Fac Math & Phys, Dept Probabil & Math Stat, Prague, Czech Republic