Finite-dimensional utilities

Sufficient axioms are identified for the existence of a finite- dimensional quasilinear utility function whose lexicographically ordered vectors preserve a decision maker's preference order on a mixture set ${\cal M}$. It is shown that those axioms are also necessary for the linear lexicographic representation when the underlying set ${\cal M}$ is a mixture space.

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Year of publication:	2000-04-14
Authors:	Nakamura, Yutaka
Published in:	Economic Theory. - Springer. - Vol. 16.2000, 1, p. 209-218
Publisher:	Springer
Subject:	Lexicographic utility \| Decision making under risk \| Mixture spaces and sets

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Extent:	application/pdf
Type of publication:	Article
Notes:	Received: August 20, 1998; revised version: December 14, 1998
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005371036