Theorem of existence of ruptures for mean values on finite numerical segments. Discrete case

The proof of the theorem of existence of the ruptures, namely the proof of maximality, is improved. The theorem may be used in economics and explain the well-known problems such as Allais’ paradox. Illustrated examples of ruptures are presented.

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Year of publication:	2011-12-31
Authors:	Harin, Alexander
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	utility \| utility theory \| probability \| uncertainty \| decisions \| economics \| Allais paradox \| risk aversion

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty ; C0 - Mathematical and Quantitative Methods. General ; C44 - Statistical Decision Theory; Operations Research ; G22 - Insurance; Insurance Companies ; C02 - Mathematical Methods ; C1 - Econometric and Statistical Methods: General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009403452