Additive utility with intransitive indifference and without independence: A homogeneous case
AbstractIn 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).
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Department of Economics and Business, Universitat Pompeu Fabra in its series Economics Working Papers with number 628.
Date of creation: Jun 2002
Date of revision:
Contact details of provider:
Web page: http://www.econ.upf.edu/
Rationality; utility; maximization;
Find related papers by JEL classification:
- A00 - General Economics and Teaching - - General - - - General
- B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
- C00 - Mathematical and Quantitative Methods - - General - - - General
- D00 - Microeconomics - - General - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2002-07-04 (All new papers)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Peter Fishburn & Peter Wakker, 1995. "The Invention of the Independence Condition for Preferences," Management Science, INFORMS, vol. 41(7), pages 1130-1144, July.
- Marc Le Menestrel, 2003.
"A one-shot Prisoners’ Dilemma with procedural utility,"
Economics Working Papers
819, Department of Economics and Business, Universitat Pompeu Fabra.
- M. Le Menestrel, 2006. "A One-Shot Prisoners' Dilemma With Procedural Utility," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 8(04), pages 655-668.
- Marc Le Menestrel, 2001.
"A process approach to the utility for gambling,"
Economics Working Papers
570, Department of Economics and Business, Universitat Pompeu Fabra.
- Simon, Herbert A, 1978. "Rationality as Process and as Product of Thought," American Economic Review, American Economic Association, vol. 68(2), pages 1-16, May.
- Marc Le Menestrel & Luk Van Wassenhove, 2001.
"The Domain and Interpretation of Utility Functions: An Exploration,"
Theory and Decision,
Springer, vol. 51(2), pages 329-349, December.
- Marc Le Menestrel & Luk N. Van Wassenhove, 2001. "The domain and interpretation of utility functions: An exploration," Economics Working Papers 576, Department of Economics and Business, Universitat Pompeu Fabra.
- Amartya Sen, 1997.
"Maximization and the Act of Choice,"
Econometric Society, vol. 65(4), pages 745-780, July.
- Sen, A., 1996. "Maximisation and the Act of Choice," Papers 270, Banca Italia - Servizio di Studi.
- Amartya Sen, 1996. "Maximization and the Act of Choice," Harvard Institute of Economic Research Working Papers 1766, Harvard - Institute of Economic Research.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.