Mono-Linearity-Based Axiomatic Approach to Non-Linear Expected Utility

Author(s):  
Xi-Ren Cao ◽  
Xiangwei Wan
2018 ◽  
Vol 19 (2) ◽  
Author(s):  
C. Oscar Lau

Abstract This paper presents an axiomatic approach to separately control for the attitudes toward intertemporal substitution and risk aversion under the expected utility theorem. The standard time-separable form is recovered only if the functions dictating the two attitudes are identical. Risk aversion is defined on consumption amount rather than on utility (as in Kihlstrom and Mirman (1974 and 1981)). Moreover, the agent is allowed to trade his lottery outcome to optimize his consumption. As a result, this approach provides a straightforward extension of the familiar Arrow-Pratt results to multiple periods. These include categorizing, measuring, and comparing risk aversions.


1999 ◽  
Vol 2 (1) ◽  
pp. 9-21
Author(s):  
Carlo Bertoluzza ◽  
Mario Di Bacco ◽  
Maria Luisa Capodieci

2019 ◽  
Vol 206 ◽  
pp. 09010
Author(s):  
James Asikin Cheung ◽  
Wei Khim Ng

Considering the phenomenological studies of non-linear quantum models, we use an axiomatic approach to modify the Dirac Lagrangian. We apply constraints such as Hermiticity, locality, universality, etc to obtain various generic modified energy dispersion relations. After-which, we use the parameters from the neutrino oscillations to obtain bounds on these new modified dispersion relations.


1967 ◽  
Vol 28 ◽  
pp. 105-176
Author(s):  
Robert F. Christy

(Ed. note: The custom in these Symposia has been to have a summary-introductory presentation which lasts about 1 to 1.5 hours, during which discussion from the floor is minor and usually directed at technical clarification. The remainder of the session is then devoted to discussion of the whole subject, oriented around the summary-introduction. The preceding session, I-A, at Nice, followed this pattern. Christy suggested that we might experiment in his presentation with a much more informal approach, allowing considerable discussion of the points raised in the summary-introduction during its presentation, with perhaps the entire morning spent in this way, reserving the afternoon session for discussion only. At Varenna, in the Fourth Symposium, several of the summaryintroductory papers presented from the astronomical viewpoint had been so full of concepts unfamiliar to a number of the aerodynamicists-physicists present, that a major part of the following discussion session had been devoted to simply clarifying concepts and then repeating a considerable amount of what had been summarized. So, always looking for alternatives which help to increase the understanding between the different disciplines by introducing clarification of concept as expeditiously as possible, we tried Christy's suggestion. Thus you will find the pattern of the following different from that in session I-A. I am much indebted to Christy for extensive collaboration in editing the resulting combined presentation and discussion. As always, however, I have taken upon myself the responsibility for the final editing, and so all shortcomings are on my head.)


Optimization ◽  
1975 ◽  
Vol 6 (4) ◽  
pp. 549-559
Author(s):  
L. Gerencsér

1979 ◽  
Author(s):  
George W. Howe ◽  
James H. Dalton ◽  
Maurice J. Elias
Keyword(s):  

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