Additive utility with intransitive indifference and without independence: A homogeneous case

In the homogeneous case of one type of goods or objects, we prove the existence of an additive utility function without assuming transitivity of indifference and independence. The representation reveals a positive factor smaller than 1 that infuences rational choice beyond the utility function and explains departures from these standard axioms of utility theory (factor equals to 1).

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Year of publication:	2002-06
Authors:	Menestrel, Marc Le ; Lemaire, Bertrand
Institutions:	Department of Economics and Business, Universitat Pompeu Fabra
Subject:	Rationality \| utility \| maximization

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Extent:	application/pdf
Series:	Economics Working Papers.
Type of publication:	Book / Working Paper
Classification:	A00 - General Economics and Teaching. General ; B40 - Economic Methodology. General ; C00 - Mathematical and Quantitative Methods. General ; D00 - Microeconomics. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005704870