is characterized by envy-guilt asymmetry in discounting with respect to future generations' utility: Higher utility than … future generations' utility is discounted differently than lower utility than future generations' utility. This offers a …

these models and argue that preferences of a decision maker should be represented by a sequence of utility functions. This …

and the potential increments over it are evaluated by subjective expected utility with a risky utility function u. In … contrast to earlier approaches with models that aimed at separating riskless and risky utility, CT does not violate basic … irregularities like the expected utility paradoxes of Allais and Rabin, CT also separates risk attitude in the strong sense from …

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. …

The quasi-linear quadratic utility model is widely used in economics. The knowledge of its exact origin is less …

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 …