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An Application of a Uniqueness Theorem to a Functional Equation Arising from Measuring Utility

โœ Scribed by C.T Ng


Publisher
Elsevier Science
Year
1998
Tongue
English
Weight
56 KB
Volume
228
Category
Article
ISSN
0022-247X

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๐Ÿ“œ SIMILAR VOLUMES


Solutions to Three Functional Equations
โœ Jรกnos Aczรฉl; R.Duncan Luce; Gyula Maksa ๐Ÿ“‚ Article ๐Ÿ“… 1996 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 216 KB

Utility of gains losses can be measured in four distinct ways: riskless vs risky ลฝ . choices and gains losses alone vs the gain-loss trade-off. Conditions forcing these measures all to be the same lead to functional equations, three of which are y1 w x y 1 w x