Utility functions of agents with different attitudes
Features of young scientists’ social adaptability with different attitudes towards himself as an agents of intellectual work
... among different factors operating in a particular adaptive situation, main, essential, the most important objective; able to see the essence of things, to understand the true causes of different events and ...
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Loss functions, utility functions and Bayesian sample size determination.
... loss functions. They used three different types of asymmetric loss functions namely asymmetric linear loss function by Granger (1969), asymmetric quadratic loss function by Cain (1991) and the ...
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Walrasian Solutions Without Utility Functions
... on utility maximization has encouraged the fiction regarding economic agents’ farsightedness and ...while utility maximization is due to the early marginalists’, in particular, Walras’ insistence on ...
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Surplus Sharing with Coherent Utility Functions
... Keywords: coherence, monetary utility, insurance benefit, benefit sharing 1. Notation and Motivation In the present work we analyse a method to distribute the surplus of an insurance business between the ...
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Utility functions and the St. Petersburg Paradox
... expected utility theory does not add anything worth to note on the pricing ...expected utility theory is irrelevant in complete markets; the theory still ranks the derivatives and can give birth to ...
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Utility Functions in Autonomic Systems: a State of the Art
... of utility functions within autonomic ...use utility-based policy this observation is even more relevant: the design is simpler, and the performance is ...Naturally, utility functions ...
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Agent Negotiation on Resources with Nonlinear Utility Functions
... The first contribution of this paper is the proposal of a new utility function which follows the law of diminishing marginal utility while it is mostly ignored by previous work. Moreover, in the first phase ...
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Pure strategy dominance with quasiconcave utility functions
... with utility functions that are quasiconcave in own ...expected utility function of a Von-Neumann expected utility maximizing agent over the mixed extension of A is quasiconcave (indeed, ...
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Solving MDPs with Skew Symmetric Bilinear Utility Functions
... [Liu and Koenig, 2006] Y. Liu and S. Koenig. Functional value it- eration for decision-theoretic planning with general utility func- tions. In AAAI, pages 1186–1193. AAAI Press, 2006. [Liu and Koenig, 2008] Y. Liu ...
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Optimal utility and probability functions for agents with finite computational precision
... Similar to our simulations, we first assessed participants’ weighting functions using a model- free approach. For this purpose, we again binned values and probabilities into j = 10 bins and fit one decision weight ...
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Aggregation Functions and Personal Utility Functions in General Insurance
... Personal Utility Function– a Game-based Approach Our expectation that our subject can appropriately estimate probabilities is the main drawback of the previous ...personal utility functions to a ...
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Optimal Asset Allocation Strategy for Defined Contribution Pension Plans with Different Power Utility Functions
... power utility is investigated for defined-contribution (DC) pension ...terminal utility is a power function of wealth-to-wage ratio, and deterministically horizon dependent when terminal utility is a ...
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Utility functions, fiscal shocks and the open economy
... various utility functions with specific exchange rate regimes in order to analyze the transmission mechanism ...under different exchange ...various utility functions under a floating ...
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Generalised Means of Simple Utility Functions with Risk Aversion
... versatile utility function than its components, combination of utilities with very different risk aversion properties, rather than with similar ones, seems ...
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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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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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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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The evolution of utility functions and psychological altruism
... which utility functions including “altruistic” or “moral” preferences replace the purely self-oriented “Homo economicus” ...alternative utility functions. Candidate utility ...
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The Shape of Utility Functions and Organizational Behavior
... Thus, probability weighting may have an impact on the shape of the utility function. In our analysis, not correcting for probability weighting would imply that some subjects currently classified in the IPT-group ...
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Simple Utility Functions with Giffen Demand
... of utility functions of the form min {u 1 , ...direct utility functions giving rise to demand with the Giffen property, while also obeying standard properties of preferences: continuity, ...
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