Search Results - subject:"Utility functions"

Did you mean: subject:"Utility function" (6,959 results)

An empirical examination of multiple objective risk attitudes

Klimack, William K.; Kloeber, Jack M. <Jr.>; Bauer, … - In: Decision analysis : a journal of the Institute for … 12 (2015) 2, pp. 96-103

Persistent link: https://www.econbiz.de/10011289905

Relative income, happiness, and utility : an explanation for the Easterlin paradox and other puzzles

Clark, Andrew; Frijters, Paul; Shields, Michael - 2008

The well-known Easterlin paradox points out that average happiness has remained constant over time despite sharp rises in GNP per head. At the same time, a micro literature has typically found positive correlations between individual income and individual measures of subjective well-being. This...

Persistent link: https://www.econbiz.de/10009483435

Walrasian Solutions without Utility Functions

Dominique, C-René - 2008

-ers’ utility functions, if they exist at all, might not even belong to the class of quasi-concave functions. However, the main task …, quasi-concave utility functions are unnecessary for the determination of equilibrium price vectors. …

Persistent link: https://www.econbiz.de/10011496062

Walrasian Solutions Without Utility Functions

Dominique, C-Rene - Volkswirtschaftliche Fakultät, … - 2008

consumers’ utility functions, if they exist at all, might not even belong to the class of quasi-concave functions. However, the … structures, quasi-concave utility functions are unnecessary for the determination of equilibrium price vectors. …

Persistent link: https://www.econbiz.de/10005621333

Conditional Value-at-Risk Constraint and Loss Aversion Utility Functions

Andrieu, Laetitia; Lara, Michel De; Seck, Babacar - HAL - 2008

ambiguity with respect to a family of utility functions defined on a larger set of decisions than the original one; he adopts …

Persistent link: https://www.econbiz.de/10008794385

Walrasian solutions without utility functions

Dominique, Charlemagne René - 2008

Persistent link: https://www.econbiz.de/10011523573

Optimized appointment scheduling

Kemper, Benjamin; Klaassen, Chris A.J.; Mandjes, Michel - In: European Journal of Operational Research 239 (2014) 1, pp. 243-255

In service systems, in order to balance the server’s idle times and the customers’ waiting times, one may fix the arrival times of the customers beforehand in an appointment schedule. We propose a procedure for determining appointment schedules in such a D/G/1-type of system by sequentially...

Persistent link: https://www.econbiz.de/10011097734

Abstract, classic, and explicit turnpikes

Guasoni, Paolo; Kardaras, Constantinos; Robertson, Scott; … - In: Finance and Stochastics 18 (2014) 1, pp. 75-114

Portfolio turnpikes state that as the investment horizon increases, optimal portfolios for generic utilities converge to those of isoelastic utilities. This paper proves three kinds of turnpikes. In a general semimartingale setting, the abstract turnpike states that optimal final payoffs and...

Persistent link: https://www.econbiz.de/10010728115

Identifying combinatorial valuations from aggregate demand

Sher, Itai; Kim, Kyoo il - In: Journal of Economic Theory 153 (2014) C, pp. 428-458

generically identify the distribution of utility functions. In our setting, aggregate demand for each item is observable while …

Persistent link: https://www.econbiz.de/10010930801

A decision framework for management of conflicting production and biodiversity goals for a commercially valuable invasive species

Grechi, Isabelle; Chadès, Iadine; Buckley, Yvonne M.; … - In: Agricultural Systems 125 (2014) C, pp. 1-11

invasion dynamics of buffel grass and the effect of management actions. Second we construct utility functions to represent the … model and utility functions. Third, we present management strategies that minimize losses in production and biodiversity … analysis to assess the impact of assumptions of the model and utility functions. Management complexity arises from biodiversity …

Persistent link: https://www.econbiz.de/10010743591