We investigate in a simple bi-criteria experimental study, whether subjects are consistent with a linear value function … linearity vs. non-linearity of the value function was minor. Moreover, a linear value function seems to predict choices for bi …-criteria problems quite well. This ability to predict is independent of whether the value function is diagnosed linear or not …

We introduce the concept of a representative value function in robust ordinal regression applied to multiple criteria … possible. They identify recommendations which are compatible with all or at least one compatible value function, respectively …. In this paper, we propose a general framework for selection of a representative value function from among the set of …

the more general Kahneman-Tversky formulation of the value function. …

the value function. The paper uses conditions such as first order stochastic dominance, second order stochastic dominance …This paper explores sufficient conditions for a continuous stationary Markov optimal policy and a concave value … function in stochastic dynamic programming problems. Also, the paper addresses conditions needed for the differentiability of …

Value function iteration is one of the standard tools for the solution of dynamic general equilibrium models if the … model and a simple heterogenous agent model. Each model is solved with six different algorithms: (1) simple value function … iteration as compared to (2) smart value function iteration neglects the special structure of the problem. (3) Full and (4 …

Summary Value function iteration is one of the standard tools for the solution of dynamic general equilibrium models if … function iteration as compared to (2) smart value function iteration neglects the special structure of the problem. (3) Full … desired size is reached.We find that value function iteration with cubic spline interpolation between grid points dominates …