Certainty independence and the separation of utility and beliefs
Article Abstract:
The study conducted presents that for a general class of preferences, a separation of a key component of tastes, the utility function, from the other components of the representation is possible only if the decision maker's preference satisfy a mild but not completely innocuous conditions, called 'certainty independence'. The study outlines the axiomatic characterization of the preferences that obtain such separation, which are a subset of the biseperable preferences.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2005
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A characterization of the core of convex games through Gateaux derivatives
Article Abstract:
The cores of infinite games characterized by using the Gateaux derivatives of the associated Choquet integrals were tested. A generalized result with application showing representation taking a form for supermodular measure games is discussed.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2004
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