Independent preferences
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Independent preferences. / Vind, Karl.
I: Journal of Mathematical Economics, Bind 20, Nr. 1, 1991, s. 119-135.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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TY - JOUR
T1 - Independent preferences
AU - Vind, Karl
PY - 1991
Y1 - 1991
N2 - A simple mathematical result characterizing a subset of a product set is proved and used to obtain additive representations of preferences. The additivity consequences of independence assumptions are obtained for preferences which are not total or transitive. This means that most of the economic theory based on additive preferences - expected utility, discounted utility - has been generalized to preferences which are not total or transitive. Other economic applications of the theorem are given
AB - A simple mathematical result characterizing a subset of a product set is proved and used to obtain additive representations of preferences. The additivity consequences of independence assumptions are obtained for preferences which are not total or transitive. This means that most of the economic theory based on additive preferences - expected utility, discounted utility - has been generalized to preferences which are not total or transitive. Other economic applications of the theorem are given
U2 - 10.1016/0304-4068(91)90021-K
DO - 10.1016/0304-4068(91)90021-K
M3 - Journal article
VL - 20
SP - 119
EP - 135
JO - Journal of Mathematical Economics
JF - Journal of Mathematical Economics
SN - 0304-4068
IS - 1
ER -
ID: 82062