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Attention scarcity is a limitation on the ability to incorporate information into actions with state-contingent consequences. In a menu choice setting, we study an axiomatic model of decision making with scarce attention. A decision maker satisfying our axioms acts as if she chooses a joint distribution over a product space of states and signals. The(More)
This contribution deals with the modeling and simulation of a fuel cell-driven hybrid powertrain. The powertrain consists of several components such as fuel cells, ultracapacitors which are used for storing recuperated energy, DC/DC-converters, and an electric drive motor. The models for the components are presented and discussed and simulations are shown(More)
In this paper we reexamine the axiomatic basis of the key result on weighted utilitarian representation of preference orders on finite utility streams. We show that a preference order satisfying the axioms of Minimal Individual Symmetry, Invariance and Strong Pareto need not have a representation, and thus in particular a weighted utilitarian(More)
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