Search Results - subject:"Utility function"

Empirical properties of an extended CES utility function in representing distributional preferences

Inukai, Keigo; Shimodaira, Yuta; Shiozawa, Kohei - 2022

substitution (CES) utility function in Inukai, Shimodaira, and Shiozawa (2022, ISER DP No.1195). However, the relationships between … extended CES utility function, in this paper we construct an online experiment of Amazon Mechanical Turk workers using a … modified dictator game, a public goods game, and a questionnaire. We then compare the parameters of the utility function …

Persistent link: https://www.econbiz.de/10013482431

Average monotonic cooperative games with nontransferable utility

Giménez-Gómez, José Manuel; Sudhölter, Peter; … - 2022

Persistent link: https://www.econbiz.de/10013447703

Intertemporal hedging and trade in repeated games with recursive utility

Kochov, Asen; Song, Yangwei - 2022

Recursive preferences have found widespread application in representative-agent asset-pricing models and general equilibrium. A majority of these applications exploit two decision-theoretic properties not shared by the standard model of intertemporal choice: (i) agents care about the...

Persistent link: https://www.econbiz.de/10014476731

Portfolio optimization : not necessarily concave utility and constraints on wealth and allocation

Escobar, Marcos; Kschonnek, Michel; Zagst, Rudi - In: Mathematical methods of operations research : ZOR 95 (2022) 1, pp. 101-140

Persistent link: https://www.econbiz.de/10013184223

Generalized Separability and Integrability : Consumer Demand with a Price Aggregator

Fally, Thibault - National Bureau of Economic Research - 2022

This paper examines demand systems where the demand for a good depends on other prices only through a common price aggregator (a scalar function of all prices). We refer to this property as ``generalized separability'' and provide the functional forms of demand that this property implies when...

Persistent link: https://www.econbiz.de/10013191091

On the cardinal utility equivalence of biseparable preferences

Maccheroni, Fabio; Marinacci, Massimo; Yang, Jingni - In: Theory and decision : an international journal for … 92 (2022) 3/4, pp. 689-701

Persistent link: https://www.econbiz.de/10013192428

A heterogeneous regret-theory-based method with choquet integral to multiattribute reverse auction

Liao, Huchang; Zhang, Zhiying; Xu, Zeshui; Banaitis, Audrius - In: IEEE transactions on engineering management : EM 69 (2022) 5, pp. 2248-2259

Persistent link: https://www.econbiz.de/10013431186

The degree measure as utility function over positions in graphs and digraphs

Brink, René van den; Rusinowska, Agnieszka - In: European journal of operational research : EJOR 299 (2022) 3, pp. 1033-1044

Persistent link: https://www.econbiz.de/10013207222

The degree measure as utility function over positions in networks

Brink, René van den; Rusinowska, Agnieszka - 2017

measure as a von Neumann-Morgenstern expected utility function reflecting preferences over being in different positions in … represented by a utility function that is a multiple of the degree centrality measure. We show this in three steps. First, we … utility function is equal to a multiple of the degree measure if and only if it represents a regular preference relation that …

Persistent link: https://www.econbiz.de/10011688772

Upper bounds on risk aversion under mean-variance utility

Denny, Kevin - 2019

Persistent link: https://www.econbiz.de/10011976798