In this paper, we connect the social network theory on centrality measures to the economic theory of preferences and … 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 …

We find the asymptotics of the value function maximizing the expected utility of discounted dividend payments of an … initial reserves tend to infinity. We focus on the power and logarithmic utility functions. We also perform some numerical …

viability of a weather derivatives market in terms of hedging. A utility indifference method is developed for the specification …. The agent’s risk preference is described by an exponential utility function and the prices are derived by dynamic …

-population mostly affected by a counterfactual change in the utility of attending school is composed of individuals who have any … combination of some of the following attributes: absolute advantages in the labor market, high returns to experience, low utility …