laws of thermodynamics, economic processes, elasticity, entropy and utility, production processes, reaction kinetics …

Purpose–The purpose of this paper is to argue that Bernoulli's “utility function solution to the St Petersburg paradox … ways: using Bernoulli's and Kramer's utility function to construct new paradoxes; and designing and implementing a new St … Petersburg game which does not carry the effect of diminishing marginal utility. Findings–In this paper, the author finds that …

This paper proposes an exploration of the methodology of utility functions that distinguishes interpretation from … representation. While representation univocally assigns numbers to the entities of the domain of utility functions, interpretation … interpretation of utility functions which assumes that two objects have the same utility if and only if the individual is indifferent …

aggregate utility function above in a sophisticated real-business-cycle model to investigate the effect of those preferences for …