Titlebook: Studies in the Economics of Uncertainty; In Honor of Josef Ha Thomas B. Fomby,Tae Kun Seo Conference proceedings 1989 Springer-Verlag New Y

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Stochastic Dominance for the Class of Completely Monotonic Utility FunctionsAccording to the expected utility axioms, a decision maker with utility function u(x) for wealth x assigns the following subjective value to an uncertain prospect with cumulative distribution function F(x)..It is assumed here that wealth level x is positive and that prospect F has moments of all orders.

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The “Comparative Statics” of the Shackle-Vickers Approach to Decision-Making in Ignorancefunction also maps states of the world into utility values. Using this latter relation, the potential surprise function can be translated into a potential surprise density (or frequency) function. defined over utility values. Thus the original potential surprise function, whose domain is a collectio

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Representative Sets for Stochastic Dominance Rulesless about his utility function than any other in the set. Any choice between two uncertain prospects appropriate to him would likewise be appropriate to anyone else whose utility function is in the same set because this set defines the limits of information about the utility functions we consider.

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uld incorporate elements aimed at improving self esteem and increasing cultural identification despite past failures to demonstrate that they have a strong direct influence on drug use. But if resilience is to be included as an element in prevention, it must be remembered that the role played by res

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P. C. Fishburn3; Wiener, 1948a, 1948b; Simon, 1968). However, the idea of the . ‘Industry 4.0’ has been introduced, inspired by the transformations made in German manufacturing (Kagermann et al., 2013). Industry 4.0 has also been described as digital manufacturing, industrial Internet, smart industry, and smart m

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Donald W. Katzner3; Wiener, 1948a, 1948b; Simon, 1968). However, the idea of the . ‘Industry 4.0’ has been introduced, inspired by the transformations made in German manufacturing (Kagermann et al., 2013). Industry 4.0 has also been described as digital manufacturing, industrial Internet, smart industry, and smart m