Search Results - subject:"Utility functions"

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Grauer, Robert R. - In: Management Science 31 (1985) 11, pp. 1390-1402

This paper employs numerical means to examine: (i) the expected return-beta plot in power utility Linear Risk Tolerance (LRT) economies, and (ii) whether, in the power utility economies, a valuation equation containing covariance and coskewness terms might better explain expected returns than...

Persistent link: https://www.econbiz.de/10009197614

Factor Content Functions and the Theory of International Trade

Neary, J Peter; Schweinberger, Albert G - C.E.P.R. Discussion Papers - 1984

This Paper introduces the concepts of direct and indirect factor trade utility functions and uses them to derive …

Persistent link: https://www.econbiz.de/10005504403

Technical Note—Factors Influencing the Selection of Preference Model Form for Continuous Utility Functions in Conjoint Analysis

Cattin, Philippe; Punj, Girish - In: Marketing Science 3 (1984) 1, pp. 73-82

In conjoint analysis, a consumer's utility function for a continuous attribute is usually estimated using a part worth function. However, one may also use continuous functions. The purpose of the paper is to investigate through simulation the combined influence of the number of degrees of...

Persistent link: https://www.econbiz.de/10008787824

Comparison of Alternative Utility Functions in Portfolio Selection Problems

Kallberg, J. G.; Ziemba, W. T. - In: Management Science 29 (1983) 11, pp. 1257-1276

This paper examines the effect of alternative utility functions and parameter values on the optimal composition of a … results agree well with the available theory and imply utility functions and parameter values that are appropriate for … utility functions for other utility functions, for reasons of tractability or otherwise. The results also provide guidance …

Persistent link: https://www.econbiz.de/10009218294

A Dogit Model of Travel Mode Choice in Montreal

Gaudry, M.J.I. - Département de Sciences Économiques, Université de … - 1978

Persistent link: https://www.econbiz.de/10005729778

A Reexamination of the Relationship between Preferences and Moment Orderings by Rational Risk Averse Investors

Brockett, P. L.; Garven, J. R. - Risk and Insurance Archive

This paper shows that a flaw exists in the logic behind the previously stated theoretical connections between utility theory and moment preferences. In fact, no such relationship exists. There is also a flaw in the logic that postulates that approximate normality can justify moment (e.g.,...

Persistent link: https://www.econbiz.de/10005796348