Consider the Prelec function w(p) = e−1.7(− ln p)0.75 . Consider only interior fixed points (so ignore the fixed points w(0) = 0 and w(1) = 1). Let pe be the probability corresponding to the point of inflection and p∗ the fixed point. What is the relation between the fixed point and the point of inflection?
Consider the Prelec function w(p) = e−1.7(− ln p)0.75 . Consider only interior fixed points (so ignore the fixed points w(0) = 0 and w(1) = 1). Let pe be the probability corresponding to the point of inflection and p∗ the fixed point. What is the relation between the fixed point and the point of inflection?
Consider the Prelec function w(p) = e−1.7(− ln p)0.75 . Consider only interior fixed points (so ignore the fixed points w(0) = 0 and w(1) = 1). Let pe be the probability corresponding to the point of inflection and p∗ the fixed point. What is the relation between the fixed point and the point of inflection?
Consider the Prelec function w(p) = e−1.7(− ln p)0.75 . Consider only interior fixed points (so ignore the fixed points w(0) = 0 and w(1) = 1). Let pe be the probability corresponding to the point of inflection and p∗ the fixed point. What is the relation between the fixed point and the point of inflection?
Expression, rule, or law that gives the relationship between an independent variable and dependent variable. Some important types of functions are injective function, surjective function, polynomial function, and inverse function.
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