Search Results - subject:"utility representations"

Preferences over all random variables: Incompatibility of convexity and continuity

Assa, Hirbod; Zimper, Alexander - In: Journal of Mathematical Economics 75 (2018), pp. 71-83

implication of this incompatibility result there cannot exist any non-trivial continuous utility representations over all random … variables that are either quasi-concave or quasi-convex. This rules out standard risk-averse (or seeking) utility … representations for this large space of random variables. …

Persistent link: https://www.econbiz.de/10012511628

Social choice with approximate interpersonal comparisons of well-being

Pivato, Marcus - Volkswirtschaftliche Fakultät, … - 2009

Some social choice models assume that precise interpersonal comparisons of utility (either ordinal or cardinal) are possible, allowing a rich theory of distributive justice. Other models assume that absolutely no interpersonal comparisons are possible, or even meaningful; hence all...

Persistent link: https://www.econbiz.de/10005103411

Expected multi-utility representations

Galaabaatar, Tsogbadral; Karni, Edi - 2012

This paper axiomatizes expected multi-utility representations of incomplete preferences under risk and under …

Persistent link: https://www.econbiz.de/10010397796

Objective and subjective expected utility with incomplete preferences

Galaabaatar, Tsogbadral; Karni, Edi - 2010

incomplete beliefs and tastes. The main results are two axiomatizations of the multi-prior expected multi-utility representations …

Persistent link: https://www.econbiz.de/10010285780