The repetitions approach to characterize cardinal utility

Authors
  • P.P. Wakker
Publication date 1986
Journal Theory and Decision
Volume | Issue number 17
Pages (from-to) 33-40
Organisations
  • Faculty of Economics and Business (FEB) - Amsterdam School of Economics Research Institute (ASE-RI)
Abstract Building on previous work of A. Camacho, we give necessary and sufficient conditions for the existence of a cardinal utility function to represent, through summation, a preference relation on sequences of alternatives. A counterexample shows that the representation used in Camacho's work is incorrect.
Document type Article
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