Solutions to Three Functional Equations
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János Aczél; R.Duncan Luce; Gyula Maksa
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Article
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1996
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Elsevier Science
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English
⚖ 216 KB
Utility of gains losses can be measured in four distinct ways: riskless vs risky Ž . 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