Bernoullian Utilities for Multiple-Factor Situations
PENNSYLVANIA STATE UNIV UNIVERSITY PARK COLL OF BUSINESS ADMINISTRATION
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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.
- Economics and Cost Analysis
- Operations Research