cardinal utility functions造句
例句与造句
- In contrast, a cardinal utility function is only unique up to positive affine transformation.
- Such functions are called cardinal utility functions.
- Neoclassical economics has largely retreated from using cardinal utility functions as the basis of economic behavior.
- The preferences here can be represented by cardinal utility functions which take several variables ( the attributes ).
- However, additivity is applicable only to cardinal utility functions, while weak additivity is applicable to ordinal utility functions.
- It's difficult to find cardinal utility functions in a sentence. 用cardinal utility functions造句挺难的
- Although Jevons predated the debate about ordinality or cardinality of utility, his mathematics required the use of cardinal utility functions.
- D . Bernoulli argued that the paradox could be resolved if decision-makers displayed risk aversion and argued for a logarithmic cardinal utility function.
- Some, such as economists in the tradition of the Austrian School, doubt whether a cardinal utility function, or cardinal social welfare function, is of any value.
- Once the prices are determined, each buyer decides what bundle he wants to buy based on the prices and the buyer's " cardinal utility function ".
- When assessing a single-attribute cardinal utility function using VNM, we ask questions such as : " What probability to win $ 2 is equivalent to $ 1 ? ".
- In 1955 Patrick Suppes and Muriel Winet solved the issue of the representability of preferences by a cardinal utility function, and derived the set of axioms and primitive characteristics required for this utility index to work.
- Note the difference between CES utility and isoelastic utility : the CES utility function is an ordinal utility function that represents preferences on sure consumption commodity bundles, while the isoelastic utility function is a cardinal utility function that represents preferences on lotteries.
- When agents have general preferences represented by cardinal utility functions . the utilitarian social-choice function ( selecting the outcome that maximizes the sum of the agents'valuations ) is not strongly-monotonic but it is "'weakly monotonic " '.
- If the agents'valuations are represented by a cardinal utility function, then the EF1 guarantee has an additional interpretation : the numeric envy-level of each agent is at most the maximal-marginal-utility-the largest marginal utility of a single item for that agent.