Cover Image
QR Code

THE USE OF UNBOUNDED UTILITY FUNCTIONS IN EXPECTED-UTILITY MAXIMIZATION: COMMENT.

The article presents information on the use of unbound utility functions in expected-utility maximization. The purpose of this article is to examine the practical limitations on the use of unbounded utility functions. The conclusion is reached that only under highly improbable conditions concerning...

Full description

Published in:Quarterly Journal of Economics Vol. 88; no. 1; pp. 133 - 136
Main Author: Ryan, Terence M.
Format: Article
Published: Oxford University Press / USA Feb74
Subjects:
Utility functions
Maximum principles (Mathematics)
Polynomials
Economics
Probability theory
Mathematical functions
Functional analysis
Online Access:View this record in EBSCOhost

Internet

View this record in EBSCOhost