Accession Number:

AD0752488

Title:

Bernoullian Utilities for Multiple-Factor Situations

Descriptive Note:

Technical rept.

Corporate Author:

PENNSYLVANIA STATE UNIV UNIVERSITY PARK COLL OF BUSINESS ADMINISTRATION

Personal Author(s):

• Fishburn, Peter C.

Report Date:

1972-10-01

Pagination or Media Count:

25.0

Abstract:

Within the context of von Neumann-Morgenstern expected utility theory for n attributes, the paper presents axioms on preferences that are necessary and sufficient for the existence of a particular form of utility function that involves sums and product of real functions on the several attributes.

Descriptors:

• *ECONOMICS
• *DECISION THEORY
• MATHEMATICAL MODELS
• FUNCTIONS(MATHEMATICS)
• THEOREMS
• GAME THEORY
• PROBABILITY DENSITY FUNCTIONS

Subject Categories:

• Economics and Cost Analysis
• Operations Research

Distribution Statement:

APPROVED FOR PUBLIC RELEASE