Search Results - subject:"utility function"

Risk apportionment via bivariate stochastic dominance

Jokung, Octave - In: Journal of Mathematical Economics 47 (2011) 4-5, pp. 448-452

This paper extends to bivariate utility functions, Eeckhoudt et al.’s (2009) result for the combination of ‘bad’ and ‘good’. The decision-maker prefers to get some of the ‘good’ and some of the ‘bad’ to taking a chance on all the ‘good’ or all the ‘bad’ where ‘bad’...

Persistent link: https://www.econbiz.de/10011065390

Portfolio Choice Under Cumulative Prospect Theory: An Analytical Treatment

He, Xue Dong; Zhou, Xun Yu - In: Management Science 57 (2011) 2, pp. 315-331

point is the risk-free return and those in which it is not (while the utility function is piecewise linear), and we employ …

Persistent link: https://www.econbiz.de/10009204006

Multivariate utility maximization with proportional transaction costs

Campi, Luciano; Owen, Mark - In: Finance and Stochastics 15 (2011) 3, pp. 461-499

Persistent link: https://www.econbiz.de/10009324933

Generalized marginal rate of substitution in multiconstraint consumer’s problems and their reciprocal expenditure problems

Besada, Manuel; García, Javier; Mirás, Miguel; … - In: SERIEs 2 (2011) 3, pp. 401-421

Persistent link: https://www.econbiz.de/10009324937

Estimation of a Structural Model of the Determinants of the Time Spent on Physical Activity and Sport: Evidence for Spain

García, Jaume; Lera-López, Fernando; Suárez, María José - In: Journal of Sports Economics 12 (2011) 5, pp. 515-537

time to physical activity and sports. The authors assume a Constant Elasticity of Substitution (CES) utility function and …

Persistent link: https://www.econbiz.de/10009372088

Development of a utility function for airline travel: a logarithmic goal programming approach

Dutta, Goutam; Ghosh, Priyanko - In: International Journal of Revenue Management 5 (2011) 4, pp. 277-289

An airline passenger has a number of choices before he/she makes his/her travel decision. Competing airlines are also interested in the preference set of the traveller. Passenger choice modelling is an essential component of any revenue management system. In this paper, we develop a linear...

Persistent link: https://www.econbiz.de/10010669581