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We show that any complete, lower-semicontinuous, and translation- invariant preorder defined on a topological vector space admits a linear and continuous utility representation.
Persistent link: https://www.econbiz.de/10005753444
In this paper we study an astonishing similarity between the utility representation problem in economics and the entropy representation problem in thermodynamics.
Persistent link: https://www.econbiz.de/10005178707
We show that any complete, lower-semicontinuous, and translation-invariant preorder defined on a topological vector space admits a linear and continuous utility representation.
Persistent link: https://www.econbiz.de/10005371170