Paper #628

Títol:

Additive utility with intransitive indifference and without independence: A homogeneous case

Autors:

Marc Le Menestrel i Bertrand Lemaire

Data:

Juny 2002

Resum:

In the homogeneous case of one type of goods or objects, we prove the existence of an additive utility function without assuming transitivity of indifference and independence. The representation reveals a positive factor smaller than 1 that infuences rational choice beyond the utility function and explains departures from these standard axioms of utility theory (factor equals to 1).

Paraules clau:

Rationality, utility, maximization

Codis JEL:

A00, B40, C00, D00

Àrea de Recerca:

Economia de l'Empresa i Organització Industrial

Publicat a:

Journal of Mathematical Psychology, 48, (2004), pp. 9-14
Amb el títol:
Biased Extensive Measurement: The Homogeneous Case

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