Search Results - subject:"Utility function"

Back to Bentham : should we? ; large-scale comparison of decision versus experienced utility for income-leisure preferences

Akay, Alpaslan; Bargain, Olivier; Jara, H. Xavier - 2015

Subjective well-being (SWB) is increasingly used as a way to measure individual well-being. Interpreted as "experienced utility", it has been compared to "decision utility" using specific experiments (Kahneman et al., 1997) or stated preferences (Benjamin et al. 2012). We suggest here an...

Persistent link: https://www.econbiz.de/10010481688

Paradox-proof utility functions for heavy-tailed payoffs : two instructive two-envelope problems

Powers, Michael R. - In: Risks : open access journal 3 (2015) 1, pp. 26-34

We identify restrictions on a decision maker's utility function that are both necessary and sufficient to preserve … dominance reasoning in each of two versions of the Two-Envelope Paradox (TEP). For the classical TEP, the utility function must … satisfy a certain recurrence inequality. For the St. Petersburg TEP, the utility function must be bounded above asymptotically …

Persistent link: https://www.econbiz.de/10010482072

Minimal conditions for parametric continuity of a utility representation

O'Callaghan, Patrick - 2015

Persistent link: https://www.econbiz.de/10011341210

Optimal volatility, covenants and cost of capital under Basel III bail-in

Hori, Kenjiro; Ceron, Jorge Martin - 2015

Persistent link: https://www.econbiz.de/10011343432

Revisiting the evidence for a cardinal treatment of ordinal variables

Schröder, Carsten; Yitzhaki, Shlomo - 2015

Well-being (i.e., satisfaction, happiness) is a latent variable, impossible to observe directly. Hence, questionnaires ask people to grade their well-being in different life domains. The most common practice-comparing well-being by means of descriptive analysis or linear regressions-ignores that...

Persistent link: https://www.econbiz.de/10011287015

Heterogeneous consumers and market structure in a monopolistically competitive setting

Osharin, Alexander; Verbus, Valery - 2015

Persistent link: https://www.econbiz.de/10011400801

Multiproduct model decomposition of components of Russian GDP

Pilnik, Nikolay P.; Pospelov, Igorʹ G.; Stankevich, Ivan P. - 2015

Persistent link: https://www.econbiz.de/10011409894

Regime-switching sunspot equilibria in a one-sector growth model with aggragate decreasing returns and small externalities

Kamihigashi, Takashi - 2015

Persistent link: https://www.econbiz.de/10011412133

Portfolio choice and investor preferences : a semi-parametric approach based on risk horizon

Hübner, Georges; Lejeune, Thomas - 2015

The paper proposes an innovative framework for characterizing investors' behavior in portfolio selection. The approach is based on the realistic perspective of unknown investors' utility and incomplete information on returns distribution. Using a four-moment generalization of the Chebyshev...

Persistent link: https://www.econbiz.de/10011586129

Back to Bentham : should we? ; large‐scale comparison of decision versus experienced utility for income‐leisure preferences

Akay, Alpaslan; Bargain, Olivier; Jara, H. Xavier - 2015

Persistent link: https://www.econbiz.de/10010506239