A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2020; you can also visit the original URL.
The file type is `application/pdf`

.

## Filters

##
###
Almost Quasi-linear Utilities in Disguise: Positive-representation An Extension of Roberts' Theorem
[article]

2019
*
arXiv
*
pre-print

In this work, we generalize these results and define a new class

arXiv:1910.12131v1
fatcat:qivj4ogb4zat3ip5ffxrx77uyu
*of**preferences*:*Preferences*which are positive-represented*by*a*quasi*-*linear*utility. ... That is, agents whose*preference*on a subspace*of*the outcomes can be modeled using a*quasi*-*linear*utility. ... We note that the*quasi*-*linear**representations**of*a*preference*are closed to shifts*by*a constant and in particular a*preference*can be represented*by*a continuum*of**quasi*-*linear*utility functions. ...##
###
Preferences over all random variables: Incompatibility of convexity and continuity

2018
*
Journal of Mathematical Economics
*

As an implication

doi:10.1016/j.jmateco.2017.12.006
fatcat:nvaw5rixnzcy3ki3ponym3jo5m
*of*this incompatibility result there cannot exist any non-trivial continuous utility*representations*over all random variables that are either quasiconcave or*quasi*-convex. ... This rules out standard risk-averse (or seeking) utility*representations*for this large space*of*random variables. ... For the EU*representation*(25)*quasi*-concavity (resp.*quasi*-convexity)*of*U is simply implied*by*concavity (resp. convexity)*of*u. ...##
###
Quasi equilibria for growth economies

2009
*
Economics Letters
*

Such economies have no competitive equilibria, but have

doi:10.1016/j.econlet.2009.07.005
fatcat:uecn3ztflbh3lc5b6burrnqr2a
*quasi*equilibria. And the supporting price systems include a type*of*speculative bubble. J.E.L. Classification Numbers: C6, E3. ... We find*preferences*that discount utility from future consumption yet violate the standard growth condition in representative-agent endowment economies. ... Standard*representation*and continuity properties*of**preferences*depend on δ: (3) is not*representable**by*any utility function, and in any*linear*topology on the commodity space the order is neither ...##
###
A class of convex preferences without concave representation

2010
*
Revista Brasileira de Economia
*

In other words a

doi:10.1590/s0034-71402010000100006
fatcat:c4qdiw7emndmbgg4aqke53kdeq
*preference*relation with affine indifference curves that has a concave*representation*has a*linear*utility*representation*. ... Em outras palavras, uma relação de preferências com curvas de indiferença afins que tem representação côncava tem na verdade uma representação*linear*. * I acknowledge the help*of*H. ... In other words, a*preference*relation with affine indifference curves that has a concave*representation*necessarily has a*linear*utility*representation*. ...##
###
"Making Book Against Oneself," The Independence Axiom, and Nonlinear Utility Theory

1987
*
Quarterly Journal of Economics
*

The independence condition is necessary for the

doi:10.2307/1884281
fatcat:zm7qsuloqbdcdomloxozvl5k3i
*representability**of**preferences**by*a*linear*functional over the space*of*all probability distributions. ... Letting W(L) = V{FL), W{-) serves as a numerical*representation**of*this*preference*. ...##
###
Revealed cardinal preference

2013
*
Economic Theory Bulletin
*

I prove that as long as we allow the marginal utility for money (λ) to vary between purchases (similarly to the budget), then the

doi:10.1007/s40505-013-0006-4
fatcat:7nwzjiqpl5avbhaec7l5hxg33m
*quasi*-*linear*and the ordinal budget-constrained models rationalize the ... I provide a simple constructive proof for the necessary and sufficient condition for the constant λ rationalization, which I argue should replace the Generalized Axiom*of*Revealed*Preference*in empirical ... is replaced*by*a*quasi*-*linear*utility function. ...##
###
Determination of Break-Even Point through Consumer Preference Relation

2021
*
The Batuk
*

*Preference*relation with affine indifference curves that has a concave

*representation*has a

*linear*utility

*representation*. ... This study asks how individual

*preference*relations might be combined to give a single ordering which captures the overall wishes

*of*the group

*of*individuals. ... The strict

*preference*is defined

*by*x y x y and y not successor and equal x. The

*preference*relation is a

*linear*order if it is a complete partial order. ...

##
###
Invariant risk attitudes

2004
*
Journal of Economic Theory
*

The properties

doi:10.1016/j.jet.2003.09.006
fatcat:3y6epgqfi5g2xauxclfq3xt7ui
*of*the capital asset pricing model, usually expressed in terms*of*the*mean*and standard deviation, may be extended to the case*of*general invariant*preferences*. r ... Invariant risk aversion is closely related to the possibility*of*representing*preferences*over state-contingent income vectors in terms*of*two parameters, the*mean*and a linearly homogeneous, translation-invariant ... Acknowledgments We thank Simon Grant, Tigran Melkonyan, and an anonymous referee for helpful comments on earlier versions*of*this paper. All errors,*of*course, are our own. ...##
###
Preference Elicitation and Robust Optimization with Multi-Attribute Quasi-Concave Choice Functions
[article]

2018
*
arXiv
*
pre-print

Decision maker's

arXiv:1805.06632v1
fatcat:k6fagzxuknff7nvqgmotsarz44
*preferences*are often captured*by*some choice functions which are used to rank prospects. ... We propose two approaches based respectively on the support functions and level functions*of**quasi*-concave functions to develop tractable formulations*of*the maximin*preference*robust optimization model ... This research is supported*by*MOE Tier II grant MOE2014-T2-1-066 and MOE Tier I grant WBS R-266-000-083-133. ...##
###
Page 3470 of Mathematical Reviews Vol. , Issue 91F
[page]

1991
*
Mathematical Reviews
*

The main result is the existence

*of*minimal*representations**of*semiorders which can be calculated*by**linear*programming and interpreted as a generalisation*of*the rank function associated to*linear*orders ... This neutrality axiom is similar to axioms used in social choice theory and*means*intuitively that*preference*is invariant under injective mappings and does not depend on the “labelling”*of*the alternatives ...##
###
A simple framework for the axiomatization of exponential and quasi-hyperbolic discounting

2016
*
Theory and Decision
*

The papers

doi:10.1007/s11238-016-9566-8
fatcat:gbh4z6kv5fd63addb2solv4fv4
*by*Hayashi (2003) and Olea and Strzalecki (2014) axiomatize*quasi*-hyperbolic discounting. ... The main goal*of*this paper is to investigate which normative requirements, or axioms, lead to exponential and*quasi*-hyperbolic forms*of*discounting. ... A*quasi*-hyperbolic*representation**of**preferences*can be obtained along similar lines to an exponential discounting*representation*with only minor modications*of*the axioms. ...##
###
Notes on supermodularity and increasing differences in expected utility

2013
*
Economics Letters
*

These notes provide axiomatic foundations for these properties on expectedutility

doi:10.1016/j.econlet.2013.08.009
fatcat:wqfswko4nbhdndzswmgjniaema
*representations**of**preferences*over lotteries. an anonymous referee, for helpful comments and suggestions to improve these ... Many choice-theoretic and game-theoretic applications in Economics invoke some form*of*supermodularity or increasing differences for objective functions defined on lattices. ... Introduction These notes revisit the axiomatic foundations*of*the properties*of*supermodularity and*of*increasing differences for expected-utility*representations**of**preferences*defined over lotteries. ...##
###
Mean-Dispersion Preferences and Constant Absolute Uncertainty Aversion

2011
*
Social Science Research Network
*

We axiomatize, in an Anscombe-Aumann framework, the class

doi:10.2139/ssrn.1861353
fatcat:jh4mecovxvb3zi75skyscyhwnq
*of**preferences*that admit a*representation**of*the form V (f ) = (d), where is the*mean*utility*of*the act f with respect to a given probability ... , d is the vector*of*state-*by*-state utility deviations from the*mean*, and (d) is a measure*of*(aversion to) dispersion that corresponds to an uncertainty premium. ... This dispersion function is comonotonically*linear*(hence*linear*homogenous). Thus,*by*corollary 3, part (f), the corresponding*mean*-dispersion*preferences*are CEU. ...##
###
Mean-dispersion preferences and constant absolute uncertainty aversion

2013
*
Journal of Economic Theory
*

We axiomatize, in an Anscombe-Aumann framework, the class

doi:10.1016/j.jet.2012.11.003
fatcat:b3sem2rf6bfzpdsbsxzpuawqga
*of**preferences*that admit a*representation**of*the form V (f ) = (d), where is the*mean*utility*of*the act f with respect to a given probability ... , d is the vector*of*state-*by*-state utility deviations from the*mean*, and (d) is a measure*of*(aversion to) dispersion that corresponds to an uncertainty premium. ... This dispersion function is comonotonically*linear*(hence*linear*homogenous). Thus,*by*corollary 3, part (f), the corresponding*mean*-dispersion*preferences*are CEU. ...##
###
ON THE IMPLEMENTATION OF PREFERENCE RELATIONAL SYSTEMS IN A COMPUTER-AIDED DECISION SUPPORT SYSTEM

1994
*
Cybernetics and systems
*

the mixed transitivities),

doi:10.1080/01969729408902313
fatcat:5ibj56k7bnflhdlumqoiapifza
*by*the properties*of*the functions in the value-threshold support,*by*the circuits in the graph*representation*and*by*the shapes*of*the matrix*representation*. ... These structures (the preorder, the semiorder, the interval order, the*quasi*-order, the double semiorder and the pseudo-order) are characterized*by*essential implications (the simplest consequences*of*... the mixed transitivities),*by*the properties*of*the functions in the value-threshold support,*by*the circuits in the graph*representation*and*by*the shapes*of*the matrix*representation*. ...
« Previous

*Showing results 1 — 15 out of 87,994 results*