suffices in order to recover his von Neumann-Morgenstern utility function. This is generically the case, even when the asset … market is incomplete and the cardinal utility indices state dependent, as long as there are at least two commodities traded …

effect through the actions taken. I present a model that incorporates beliefs into an agent's utility function. The paper … provides axiomatic foundations for a special class of non-additive utility indices defined over infinite streams of beliefs and … satisfying these assumptions admit a generalized discounted utility representation in which all terms depend on both actions and …

Why did evolution not give us a utility function that is offspring alone? Why do we care intrinsically about other …

Why did evolution not give us a utility function that is offspring alone? Why do we care intrinsically about other …

such economies. One consists of economies with utility functions being homogeneous of degree 1; the other consists of … economies with the number of consumers equal to the number of commodities and traders having quasi-linear utility functions with …

sufficient conditions for rationalizing consumer demand data with a quasilinear utility function. Under these conditions …