Mathematical Economics: Topological methods in cardinal utility theory
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This article is published in Research Papers in Economics.The article was published on 1983-07-01 and is currently open access. It has received 727 citations till now. The article focuses on the topics: Cardinal utility.read more
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Nontransitive decomposable conjoint measurement
Denis Bouyssou,Marc Pirlot +1 more
TL;DR: In this article, a generalization of conjoint measurement models combining additive representation of transitive preferences and decomposability requirement is presented, and a simple axiomatic treatment that shows the pure consequences of several cancellation conditions used in traditional models.
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A simple preference foundation of cumulative prospect theory with power utility
Peter P. Wakker,Horst Zank +1 more
TL;DR: In this article, a simple preference foundation for rank-dependent utility and cumulative prospect theory is proposed, namely tail independence (a weakening of comonotonic independence) together with constant proportional risk aversion, in the presence of common assumptions (weak ordering, continuity, and first stochastic dominance).
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Foundations of decision analysis along the way
TL;DR: In this paper, the authors provide a personal perspective on the development of decision theory and related subjects during the past half century, and give a personal account of further developments over the past 30 years in linear utility theory, subjective probability and ambiguity, nonlinear preference and utility, stochastic dominance and inequality analysis, multiattribute utility theory and the theory of social choice.
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The new science of pleasure: consumer choice behavior and the measurement of well-being
TL;DR: This article surveyed the origins of consumer choice theory and recent developments in consumer behavior and well-being, and reviewed the newer evidence on consumer behavior, and what this implies for measuring consumer choice behavior.
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A different perspective on a scale for pairwise comparisons
TL;DR: The proposed method of localizing the inconsistency may conceivably be of relevance for nonclassical logics (e.g., paraconsistent logic) and for uncertainty reasoning since it accommodates inconsistency by treating inconsistent data as still useful information.