Mathematical Economics: Topological methods in cardinal utility theory
Reads0
Chats0
About:
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
Citations
More filters
Journal ArticleDOI
Functional Structure and the Allen Partial Elasticities of Substitution: An Application of Duality Theory
TL;DR: In this paper, a sufficient condition for the equality of pairs of Allen partial elasticity of substitution (AES) is provided. But the condition is not sufficient and sufficient for all pairs of AES.
Journal ArticleDOI
Continuous nontransitive additive conjoint measurement
TL;DR: In this article, a nontransitive generalization of additively separable utility for preference on multiattribute outcomes is proposed, which requires at least three factors or attributes, retains the essential independence aspect of additive conjoint measurement, and makes no assumption about transitive preferences.
Journal ArticleDOI
Modelling pairwise comparisons on ratio scales
TL;DR: This model provides a mathematical explanation for the phenomena of intransitivity and inconsistency that sometimes appear in situations involving scoring on a subjective/qualitative domain and develops methods for generating consistent intervals on ratio scales.
Journal ArticleDOI
Purely Subjective Maxmin Expected Utility
Shiri Alon,David Schmeidler +1 more
TL;DR: This paper presents axioms for a derivation of the maxmin decision rule in a purely subjective setting, where acts map states to points in a connected topological space, and does not assume the von Neumann and Morgenstern expected utility model for decision under risk.
Journal ArticleDOI
A Generalization of Pratt-Arrow Measure to Nonexpected-Utility Preferences and Inseparable Probability and Utility
TL;DR: The Pratt-Arrow measure of local risk aversion is generalized for then-dimensional state-preference model of choice under uncertainty in which the decision maker may have inseparable subjective probabilities and utilities, unobservable stochastic prior wealth, and/or smooth nonexpected-utility preferences.