This note considers a hypothetical experiment designed to give meaning to the concept of one "type" of utility function … that are indeed noncomparable, as contemporary economic theory holds, there also exists a class of preferences that can be …

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 …

providing analytical formulas for certainty equivalents in each case. The solution is similar to the Expected Utility Theory … Utility Theory – a new theory of decision making under conditions of risk …The paper presents a method for lottery valuation using the relative utility function. This function was presented by …

This paper examines possibility of partial ex post implementation under general utility functions which is not … paper is that under generic utility functions, a public decision rule must be almost constant if it can be ex post incentive …

In Financial Mathematics, the theory of enlargement of filtrations has been applied to modelling insider trading on … utility of market agents in either of these additional information approaches authors have exclusively considered the … combination of a log-normal underlying and a log-utility. With this cancelling combination one can straight forwardly calculate …

We introduce a novel and convenient approach to utility modeling. In doing so, we present a general utility function in … a very simple exact form. Furthermore, we develop a method to (accurately) measure preferences without any utility data …. We also devise a method to measure the marginal utility. Moreover, we express the price as an explicit and simple …

implementability for discrete utility functions …

of references to CV as a risk measure is perplexing in light of the absence of utility theoretic underpinnings …