English, Article, Journal or magazine article edition: Additive Utility with Intransitive Indifference and without Independence: A Homogeneous Case Marc Le Menestrel; Bertrand Lemaire

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Bookmark: http://trove.nla.gov.au/version/153255
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Additive Utility with Intransitive Indifference and without Independence: A Homogeneous Case
Author
  • Marc Le Menestrel
  • Bertrand Lemaire
Physical Description
  • preprint
Notes
  • 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).
  • Rationality, utility, maximization
  • RePEc:upf:upfgen:628
Language
  • English
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