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On Non-binary Personal Preferences in Society, Economic Theory and Racial Discrimination
Naqvi, Nadeem - Volkswirtschaftliche Fakultät, … - 2010
This paper examines some of the consequences for economic theory of the replacement of binary personal preferences by … both much damage to existing theory and greater opportunity for providing formal explanations of such phenomena as … economic theory that is founded on a choice theory that is based exclusively on binary relational personal preferences. …
Persistent link: https://www.econbiz.de/10008529321
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The Timing and Probability of Switching to Second-line Regimen - An application to Second-Line Antiretroviral Therapy in India.
Felipa, de Mello-Sampayo - Volkswirtschaftliche Fakultät, … - 2014
Health fluctuations render the outcome of any treatment switch uncertain, so that decision makers might have to wait for more information before optimally switching treatments. This paper sets up a stochastic model that provides an optimal rule for the timing of treatment switch. The results of...
Persistent link: https://www.econbiz.de/10011118532
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The Investment Process In The Presence On Risk : Choosing A Sequence
Chiny, Faycal - Volkswirtschaftliche Fakultät, … - 2013
. The second is where each one seeking to maximize his utility function is intuitively constrained to minimize the risk. The …
Persistent link: https://www.econbiz.de/10011259003
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Decision making under risk with continuous states of nature
Jiri, Mazurek - Volkswirtschaftliche Fakultät, … - 2012
Many real-world decision making situation are associated with uncertainty regarding future state of the World … decision making is denoted as decision making under risk. However, limitation to some set of discrete scenarios is somewhat … by a numerical example and is compared with the corresponding decision making under risk with discrete states of nature. …
Persistent link: https://www.econbiz.de/10011259600
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Preference of Social Choice in Mathematical Economics
Islam, Jamal; Mohajan, Haradhan; Moolio, Pahlaj - Volkswirtschaftliche Fakultät, … - 2008
Mathematical Economics is closely related with Social Choice Theory. In this paper, an attempt has been made to show …
Persistent link: https://www.econbiz.de/10011260951
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Non-monotonic utility functions for microeconomic analysis of sufficiency economy
Suriya, Komsan - Volkswirtschaftliche Fakultät, … - 2011
This study invents four types of non-monotonic utility functions that suit the sufficiency economy. With these utility functions, an individual may not get higher utility when consume more goods. Therefore, an individual requires an optimal level of income rather than a maximized level of income...
Persistent link: https://www.econbiz.de/10009323934
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Bounding the CRRA Utility Functions
Suen, Richard M. H. - Volkswirtschaftliche Fakultät, … - 2009
The constant-relative-risk-aversion (CRRA) utility function is now predominantly used in quantitative macroeconomic …
Persistent link: https://www.econbiz.de/10005835410
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Locational planning on scenario-based networks
Photis, Yorgos N. - Volkswirtschaftliche Fakultät, … - 1992
uncertainty. In this paper a methodological framework is presented for solving Location - Allocation problems, through the …
Persistent link: https://www.econbiz.de/10008541483
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A generalization of Rader's utility representation theorem
Bosi, Gianni; Zuanon, Magalì - Volkswirtschaftliche Fakultät, … - 2010
Rader's utility representation theorem guarantees the existence of an upper semicontinuous utility function for any upper semicontinuous total preorder on a second countable topological space. In this paper we present a generalization of Rader's theorem to not necessarily total preorders that...
Persistent link: https://www.econbiz.de/10008490093
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Cobb-Douglas生产函数和效用函数下的均衡分析
Li, Wu - Volkswirtschaftliche Fakultät, … - 2010
The equilibrium analyses under the classical growth framework mainly concern production processes so far and the utility-maximization of consumers is left out of consideration. On the basis of the thoughts of the equilibrium analyses under the classical growth framework, some numerical examples...
Persistent link: https://www.econbiz.de/10008587827