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.

Decision-making, Decision making, Usage, Utility theory, Utility functions

---

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.

Game theory, Convex functions

---

Similar abstracts:

• Abstracts: Uncertainty aversion and preference for randomisation. A theorem on portfolio separation with general preferences
• Abstracts: Central bank independence - only part of the inflation story: a comment. Central bank independence: only part of the inflation story
• Abstracts: Uncertainty aversion and rationality in games of perfect information. Attitudes toward the timing of resolution of uncertainty and the existence of recursive utility
• Abstracts: Earnings management and the market performance of acquiring firms. Stealth-trading: Which traders' trades move stock prices?
• Abstracts: The bilateral treaty process and the prospects of federalism. Program for the development of fiscal federalism in the Russian Federation in the period up to 2005

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.