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A discrete symmetry of a preference relation is a mapping from the domain of choice to itself under which preference comparisons are invariant; a continuous symmetry is a one-parameter family of such transformations that includes the identity; and a symmetry field is a vector field whose...
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One of the most well-known models of non-expected utility is Gul (1991)'s model of Disappointment Aversion. This model, however, is defined implicitly, as the solution to a functional equation; its explicit utility representation is unknown, which may limit its applicability. We show that an...
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Many economics problems are maximization or minimization problems, and can be formalized as problems of solving “linear difference systems” of the form <InlineEquation ID="Equ1"> <EquationSource Format="TEX">$r_i-r_j \geqq c_{ij}$</EquationSource> </InlineEquation> and r <Subscript> k </Subscript>-r <Subscript> l </Subscript> c <Subscript> kl </Subscript>, for r-unknowns, with given c-constants. They typically involve strict as well as weak...</subscript></subscript></subscript></equationsource></inlineequation>
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