Search Results - subject:"Utility theory"

Happiness, unhappiness, and suicide : an empirical assessment

Daly, Mary C. (contributor); Wilson, Daniel J. (contributor) - 2008

Persistent link: https://www.econbiz.de/10003784654

From preferences to Cobb-Douglas utility

Voorneveld, Mark (contributor) - 2008 - Rev. October 27, 2008

We provide characterizations of preferences representable by a Cobb-Douglas utility function. -- Preferences ; Utility … theory ; Cobb-Douglas …-Douglas utility function. Keywords: preferences, utility theory, Cobb-Douglas JEL codes: C60, D01 SSE/EFI Working Paper Series in …

Persistent link: https://www.econbiz.de/10003766809

Outer measure and utility

Voorneveld, Mark (contributor); … - 2008 - This version: April 6, 2009

the existence of upper semi-continuous utility functions on a wide class of domains. Although links between utility theory … route has been taken. -- preferences ; utility theory ; measure theory ; outer measure …-measure utility function. Although links between utility theory and measure theory have been pointed out before, to the best of our …

Persistent link: https://www.econbiz.de/10003766840

A utility representation theorem with weaker continuity condition

Inoue, Tomoki (contributor) - 2008

We prove that a preference relation which is continuous on every straight line has a utility representation if its domain is a convex subset of a finite dimensional vector space. Our condition on the domain of a preference relation is stronger than Eilenberg (1941) and Debreu (1959, 1964), but...

Persistent link: https://www.econbiz.de/10003771267

A value function that explains the magnitude and sign effects

Al-Nowaihi, Ali (contributor); Dhami, Sanjit S. (contributor) - 2008

theory (Kahneman and Tversky, 1979 and Tversky and Kahneman, 1992), rather than standard utility theory, the sign e�ect (a … additive constant, of course, makes no di�erence in expected utility theory; its absence here would violate the assumption v(0 …

Persistent link: https://www.econbiz.de/10003753564

Practical approaches to transboundary water benefit sharing

Qaddumi, Halla (contributor) - 2008

Persistent link: https://www.econbiz.de/10003753943

An alternative approach to labor supply modeling : emphasizing job-type as choice variable

Dagsvik, John K. (contributor); Jia, Zhiyang (contributor) - 2008

Persistent link: https://www.econbiz.de/10003723895

Mean-variance vs. full-scale optimization : broad evidence for the UK

Hagströmer, Björn; Anderson, Richard G.; Binner, Jane M. - 2008 - Rev.

optimization problem. The idea of utility maximization as a methodology for portfolio optimization problems, based on the utility … theory founded by Von Neumann and Morgen- stern (1947), can be traced back at least to Tobin (1958), and also appears in …

Persistent link: https://www.econbiz.de/10003740612

Subjective expected utility in games

Di Tillio, Alfredo - In: Theoretical economics : TE ; an open access journal in … 3 (2008) 3, pp. 287-323

This paper extends Savage's subjective approach to probability and utility from decision problems under exogenous uncertainty to choice in strategic environments. Interactive uncertainty is modeled both explicitly, using hierarchies of preference relations, the analogue of beliefs hierarchies,...

Persistent link: https://www.econbiz.de/10011700273

Mathematical basis of quantum decision theory

Jukalov, Vjačeslav I.; Sornette, Didier - 2008

One of the most complex systems is the human brain whose formalized functioning is characterized by decision theory. We present a quot;Quantum Decision Theoryquot; of decision making, based on the mathematical theory of separable Hilbert spaces. This mathematical structure captures the effect of...

Persistent link: https://www.econbiz.de/10003962110