Search Results - subject_exact:"Utility"

Early history of demand theory : anti-psychologist thesis reconsidered

Hudík, Marek - 2025

According to a widely shared view, the development of demand theory in the first half of the twentieth century was heavily influenced by the anti-psychological attitudes of economists. I call this view 'anti-psychologist thesis,' and I criticize it on several grounds. I propose an alternative...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015548988

Welfare vs. utility

Dietrich, Franz - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015357360

Complementarity, heterogeneity, and multipliers : utility for hank

Bilbiie, Florin; Hanks, Fergal; Lavender, Sean - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015553592

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Complementarity, heterogeneity, and multipliers : utility for HANK

Bilbiie, Florin; Hanks, Fergal; Lavender, Sean - 2025

Book / Working Paper

Evolution and theoretical implications of the utility concept

Di Foggia, Giacomo; Arrigo, Ugo; Beccarello, Massimo - 2025

We review the evolution of the concept of utility in economics, addressing the conceptual and terminological fragmentation that characterises the interdisciplinary debate. This study adopts the scoping review framework to systematically analyse the main theoretical approaches, ranging from...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015475213

Symmetric expected utility

Preker, Jurek - 2026

We investigate and axiomatize preferences that display indifference between deterministic states, but exhibit strict orderings over lotteries over these states. Such preferences might be due to the ability to adopt to states, or a (dis)taste for uncertainty. We derive a representation theorem...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015588344

Designing of an investment trust : theoretical foundations

Takata, Fujio - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015604924

Judging social priority and the marginal utility of income among individuals

Hammitt, James K. - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015605611

Separating discounting from changing utility

Webb, Craig S. - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015638829

Process utility in high-stakes competition

Dupuy, Arnaud - 2026

We study how individuals trade off outcome (what) and process (how) utility in highstakes strategic decisions. We exploit optimality conditions and high-frequency choices in professional tennis to derive nonparametric bounds on process utility and implement a structural approach to estimate...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015641410

The parlay puzzle : expected utility and multi-leg betting

Whelan, Karl - 2026

Multi-leg parlay bets have become hugely popular in the US despite loss rates on stakes that are four times higher than regular bets. This paper shows that even if bettors believe they have an edge, maximization of subjective expected utility requires placing separate bets when per-leg win...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015644689

Attention-entropy random utility : endogenous attention and context effects in discrete choice

Ghaderi, Mohammad - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015655632

Stick and stay, make it pay? : time preferences and marginal (dis)utility of relative concerns

Akay, Alpaslan; Kartal, Nur Banu - 2026

Individuals' preferences for immediate gratification versus their ability to postpone it, i.e., time preferences, might be related to their marginal utility or disutility stemming from an increase in the income of comparable others, i.e., relative concerns. We argue that while an increase in...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015647573

Utility under the Dark Tetrad

Gomes, Orlando - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015414310

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Utility under the Dark Tetrad

Gomes, Orlando - 2025

Article

Rowing with and against the flow: fatherhood of daughters and perception about women

Okara, Assi; Tani, Massimiliano; Mbaye, Linguère Mously - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015436841

Evolution and Theoretical Implications of the Utility Concept

Di Foggia, Giacomo; Arrigo, Ugo; Beccarello, Massimo - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015461822

Information without rents: mechanism design without expected utility

Rivera Mora, Ernesto; Strack, Philipp - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015616759

Optimal rebalancing strategies reduce market variability

Holden, Helge; Holden, Lars - 2025

The increasing fraction of passive funds influences stock market variability since passive investors behave differently than active investors. We demonstrate via simulations how portfolios that rebalance between different classes of assets influence the market variability. We prove that the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015654751

Mean-field equilibrium price formation with exponential utility

Fujii, Masaaki; Sekine, Masashi - 2025 - This version: January 6, 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015164456

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Mean-field equilibrium price formation with exponential utility

Fujii, Masaaki; Sekine, Masashi - 2023 - The first version: 14 April, 2023

Edition: The first version: 14 April, 2023

Book / Working Paper

Mean-field equilibrium price formation with exponential utility

Fujii, Masaaki; Sekine, Masashi - 2023

Book / Working Paper

Non-user utility and market power : the case of smartphones

Bursztyn, Leonardo; Jiménez Durán, Rafael; Leonard, Aaron - 2025

Firms can increase the demand for their products and consolidate their market power not only by increasing user utility but also by decreasing non-user utility. In this paper, we examine this mechanism by considering the case of smartphones. In particular, Apple has faced criticism for allegedly...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015372534

Subjective probability distributions of nonlinear payoffs : Recovering option payoff, agent’s utility, and pricing kernel distributions

Yamazaki, Akira - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015372650

Multivariate Affine GARCH in portfolio optimization : analytical solutions and applications

Escobar, Marcos; Yang, Yu-Jung; Zagst, Rudi - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015374358

Towards a realistic view of consumer behaviour

Sheaff, Rod - 2025

Marginal utility (MU) theories of consumer demand assume that consumers try to maximise a generic benefit ('utility') by selecting purchases giving equal MU per unit of cost, from which are predicted the observed relationships between price changes and quantities of demanded consumer goods....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015376340

Risky intertemporal choices have a common value function, but a separate choice function

Fidanoski, Filip; Dixit, Vinayak; Ortmann, Andreas - 2025

Luckman et al. (2018) experimentally tested the conjecture that a single model of risky intertemporal choice can account for both risky and intertemporal choices, and under the conditions of their experiment, found evidence supporting it. Given the existing literature, that is a remarkable...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015272966

Expected balanced uncertain utility

Grant, Simon; Roorda, B.; Yang, Jingni - 2025

We introduce and analyze expected balanced uncertain utility (EBUU) theory. A prior and a balanced outcome-set utility characterize an EBUU decision maker. Conditional on a reference or "balancing value," the latter assigns a utility to each outcome-set. The decision maker associates with each...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015332578

Beyond present bias: exploring temporal smoothing biases

Drugeon, Jean-Pierre; Wigniolle, Bertrand - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015333208

Some notes on Savage's representation theorem

Frahm, Gabriel; Hartmann, Lorenz - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015333320

The Saint Petersburg paradox and its solution

Mattalia, Claudio - 2025

This article describes the main historical facts concerning the Saint Petersburg paradox, the most important solutions proposed thus far, and the results of new experimental evidence and a simulation of the game that shed light on a solution for this paradox. The Saint Petersburg paradox has...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015334556

Econometrics of insurance with multidimensional types

Aryal, Gaurab; Perrigne, Isabelle; Vuong, Quang H.; … - 2025

In this paper, we address the identification and estimation of insurance models where insurees have private information about their risk and risk aversion. The model includes random damages and allows for several claims, while insurees choose from a finite number of coverages. We show that the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015190336

Properties of Homothetic Robust Epstein-Zin Utility

Kusuda, Koji - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015358362

Generalizing the permanent income hypothesis with homothetic robust Epstein-Zin utility

Kusuda, Koji - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015358699

Do immigrants always experience lower homeownership probabilities than natives? : evidence from Japan

Liu, Yang - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015329553

Strategies with minimal norm are optimal for expected utility maximisation under high model ambiguity

Carassus, Laurence; Wiesel, Johannes - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015394809

The market's implied loss aversion under power-log utility investor preferences

Kale, Jivendra K. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015418401

Positive endogenous ethics : Smith's unique contribution to moral analysis

Witztum, Amos - 2025

There are two elements which make Smith's ethics unique as well as more universal in nature. The first is that it is a positive theory of ethics in the sense that it is not about what is intrinsically good or just as it is about the way in which people form their opinion about it. The second is...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015423393

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Positive Endogenous Ethics: Smith's Unique Contribution to Moral Analysis

Witztum, Amos - 2023

Article

Managed Expectations Theory : ex ante likelihoods influence ex post utilities

Zeckhauser, Richard; Viscusi, W. Kip - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015591701

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Managed expectations theory : ex ante likelihoods influence ex post utilities

Zeckhauser, Richard; Viscusi, W. Kip - 2025

Book / Working Paper

The savings rate in a discrete-time Ramsey economy with CRRA preferences and full depreciation

Queirós, Francisco - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015466980

Mean-field price formation on trees : with multi-population and non-rational agents

Fujii, Masaaki - 2025 - This version: November 4, 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015467237

Optimal risk sharing with translation invariant recursive utility for jump-diffusions

Aase, Knut K. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015471575

Recursive utility and jumpdiffusions

Aase, Knut K. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015471593

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Recursive utility and jump-diffusions

Aase, Knut K. - 2015

Book / Working Paper

Recursive utility and jump-diffusions

Aase, Knut K. - 2014

Book / Working Paper

Recursive Utility and Jump-Diffusions

Aase, Knut K. - 2015

Book / Working Paper

Recursive Utility and Jump-Diffusions

Aase, Knut K. - 2014

Book / Working Paper

Optimal insurance policies and saving in a temporal world

Aase, Knut K. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015471597

The economics of risk sharing in discrete time with translation invariant recursive utility

Aase, Knut K. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015473078

Optimal risk sharing with translation invariant recursive utility in continuous time

Aase, Knut K. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015473080

Scanner data and the construction of inter-regional price indexes

Diewert, Walter E.; Abe, Naohito; Tonogi, Akiyuki; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015474176

What can empirical utility functions tell us about the value of a statistical life?

Elvik, Rune - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015447616

Comparing EQ-5D-5L, PROPr, SF-6D and TTO utilities in patients with chronic skin diseases

Szabó, Ákos; Brodszky, Valentin; Rencz, Fanni - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015448056

Cancer-specific utility : clinical validation of the EORTC QLU-C10D in patients with glioblastoma

Seyringer, Simone; Pilz, Micha J.; Bottomley, Andrew; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015448484

Indexical utility : another rationalization of exponential discounting

Spohn, Wolfgang - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015450283

Are long-lived persons utility monsters?

Ponthière, Grégory - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015450312

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Are long-lived persons utility monsters?

Ponthière, Grégory - 2022

Book / Working Paper

Two-stage budgeting through utility maximization and expenditure minimization under homogeneous separability

Atoo, Ashley; Codognato, Giulio - 2025

In this paper, we formulate a hybrid version of the two-stage procedure for the utility maximization problem of a consumer proposed by Green (1964). In particular, we replace the second stage of this procedure with a problem of expenditure minimization. Under the assumption of homogeneous...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015453970

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Two-stage budgeting through utility maximization and expenditure minimization under homogeneous separability

Atoo, Ashley; Codognato, Giulio - 2025

Book / Working Paper

On the existence of recursive utility

Kochov, Asen - 2025

Recursive utility functions are often defined implicitly, as the solution of a functional equation known as the Koopmans recursion. As conditions for a unique solution can be demanding, a recent literature has tackled the problem of multiplicity, advocating that one focus attention on either the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015455037