In searching for an appropriate utility function in the expected utility framework, we formulate four properties that we want the utility function to satisfy. We conduct a search for such a function, and we identify Pareto utility as a function satisfying all four desired properties. Pareto...

<Para ID="Par2">F22, Q54 </AbstractSection> Copyright Backhaus et al.; licensee Springer. 2015

The journal Computational Statistics and Data Analysis aims to have regular issues on computational econometrics. Of particular interest are papers in important areas of econometric applications where both computational techniques and numerical methods have a major impact. The goal is to provide...