utility. Using the fact that networks form a special class of cooperative TU-games, we provide a foundation for the degree … measure as a von Neumann-Morgenstern expected utility function reflecting preferences over being in different positions in … represented by a utility function that is a multiple of the degree centrality measure. We show this in three steps. First, we …

institutional aspects that informed the discussions leading to the definition of the current notion of cardinal utility as utility … unique up to positive linear transformations. As originally this type of utility was not called "cardinal", the paper also …. In opposition to existing narratives, the paper shows that cardinal utility entered economic analysis between 1909 and …

and convex function, while Morgenstern utility functions (applying to risk averse decision makers) are nondecreasing and … utility function. If we derive the generator itself in this way, dependence properties of an Archimedean copula that are often … taken to be desirable, match with generally sought after properties of the corresponding utility function. If, on the other …

In this paper, we apply stochastic maximum principles to derive representations for exponential utility indifference … prices. We also obtain the related optimal portfolio processes and utility indifference hedging strategies. To illustrate our … theoretical results, we present several concrete examples and study the limit behavior of utility indifference prices for …

This paper presents an extension of the Capital Assets Pricing Model (hereafter CAPM) where various utility functions … investor preferences and attitudes toward risk. We particularly develop CAPM betas for different classes of utility function …: the negative exponential utility function, power utility function or “Constant Relative Risk Aversion (CRRA) Utilities …

utility. Using the fact that networks form a special class of cooperative TU-games, we provide a foundation for the degree … measure as a von Neumann-Morgenstern expected utility function reflecting preferences over being in different positions in … represented by a utility function that is a multiple of the degree centrality measure. We show this in three steps. First, we …

symmetry if the latter is generated by a field. Moreover, solving the PDEs yields the functional form for utility equivalent to …, multivariate separability, and homogeneity, including the cases of Cobb-Douglas and CES utility. …

separable utility. Applications of weighted utility can be found in choice under risk (expected utility) and uncertainty … (subjective expected utility), intertemporal choice (discounted utility) and welfare economics (utilitarian social welfare … function). This paper presents an improved behavioral characterization (preference axiomatization) of weighted utility. It is …

based on the same price-dependent utility function. The alleged price dependence, however, is fictitious in the sense that … from Dusansky's utility function are identical and observationally equivalent to the demand functions obtained from a … prototypical utility function. Since all the market and environmental effects are revealed only through the demand functions, the …