compare these two plans in a utility based framework. Our numerical analysis focuses on determining the critical job switching …

. Beginning with a brief review of the developments in the Expected Utility Theory (EUT) and its applicability in equity pricing …The concept of utility is the core component of many foundational theories in social sciences. It has evolved from a … philosophical belief that people seek happiness and satisfaction to a mathematically derived theory in economics and finance …

function of the group.s wealth level, or equivalently, that the representative agent has a state-dependent utility function. We …