Utility functions
Relationships Between Archimedean Copulas and Morgenstern Utility Functions
... Neumann-Morgenstern utility functions, on the other hand, are nondecreasing (decision makers prefer more to less) and concave (decision makers are risk ...a utility function, with sign changed, could ...
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Time randomized stopping problems for a family of utility functions
... convex utility functions U in a family of increasing functions satisfying cer- tain conditions, where Z is a geometric Brownian motion and T is the time of the n th jump of a Poisson process ...
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Archimedean copulas derived from utility functions
... while utility functions (applying to risk averse decision makers) are nondecreasing and ...the utility function, there is a link between the magnitude of measures of risk attitude (like the very ...
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Dimensional Analysis of Production and Utility Functions in Economics
... and utility functions in ...production functions, we will demonstrate that under constant return-to-scale and other assumptions, production function can indeed be justified ...
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PP 2009 10: Representing Utility Functions via Weighted Goals
... Concerning the complexity of the M AX -U TIL problem, we have been able to offer a complete picture by clas- sifying all languages that can be defined in our framework as rendering M AX -U TIL either NP-complete or ...
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A New Fairness Index and Novel Approach for QoS-Aware Resource Allocation in LTE Networks Based on Utility Functions
... network’s utility functions. The great potential of utility function in improving resource allocation and enhancing fairness and mean opinion score (MOS) indexes has attracted large efforts over the ...
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Nash equilibrium with discontinuous utility functions: Reny's approach extended
... Reny (1999) made a significant step in the development of sufficient conditions for Nash equilibrium existence in games with discontinuous utility functions. A feature common to games considered by Reny and ...
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Choice Theoretical Foundations of Union Utility Functions Involving Discontinuities
... The basic idea of the above utility functions is that certain levels of variables are more important than, or have priority over other variables. In terms of choice theory this idea can be captured by a ...
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Generalised means of simple utility functions with risk aversion
... expected utility maximisation is then equivalent to familiar mean-variance analysis with a simple investor indifference ...on utility functions besides monotonicity and concavity on the grounds of ...
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An Elementary Proof That Well Behaved Utility Functions Exist
... treating utility theory, traditional economic textbooks discuss two disparate cases in considerable detail: the potential non-existence of utility functions for complete and transitive preference ...
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Archimedean copulas derived from Morgenstern utility functions
... a utility function that are generally considered as desirable in wide areas as economics and decision theory include Decreasing Absolute Risk Aversion and Decreasing Absolute Prudence, as well as a nonnegative ...
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Non monotonic utility functions for microeconomic analysis of sufficiency economy
... of utility function also has parabola marginal utility ...the utility from the consumption of only one ...less utility than consuming both of them because the interaction term between X and Y ...
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Optimization and stability of TCP/IP with delay-sensitive utility functions
... aggregate utility over source ...aggregate utility function over both source rates and routes, provided pure congestion prices are used as link costs in the shortest-path calculation of ...the ...
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Agent Negotiation on Resources with Nonlinear Utility Functions
... Complex nonmonotonic preference spaces were investigated by various re- searchers such as Ito et al. [21], Marsa-Maestre et al. [23, 24], Lopez-Carmona et al. [12], where Lopez-Carmona et al. proposed a region-based ...
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Bounding the CRRA Utility Functions
... bounded utility function that is identical to a CRRA utility function except when consumption is very small or very ...di¤erentiable utility function is bounded, satisfying the Inada condition and ...
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Sums and products of indirect utility functions
... indirect utility functions, an approach that does not seem to have been exploited previously in the ...valid utility functions need yield new valid utility functions, it is ...
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Walrasian Solutions Without Utility Functions
... well-defined utility functions are fraught with a number of mathematical and biological potential ...concave functions and their indifference maps, but many members of the family, whether concave or ...
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Surplus Sharing with Coherent Utility Functions
... monetary utility functions are positively homogeneous and hence ...coherent utility functions satisfy u ( ξ + η ) ≥ u ( ξ ) + u ( η ) ...
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A new method for valuing health: directly eliciting personal utility functions
... stable utility function over (for example) EQ-5D which we merely have to ‘tap into’ with appropriate ques- ...their utility functions on the spot, engaging in a mental production process to create ...
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Sequencing reliability growth tasks using multiattribute utility functions
... Each task has associated with it a cost of between 0 and 50 units and a duration of between 0 and 20 units. The target reliability, which would be assessed by the decision maker, is 0.8, the maximum time on test is 150 ...
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