Double-Exponential Utility Functions

@article{Bell1986DoubleExponentialUF,
  title={Double-Exponential Utility Functions},
  author={David E. Bell},
  journal={Math. Oper. Res.},
  year={1986},
  volume={11},
  pages={351-361}
}
  • D. E. Bell
  • Published 1 May 1986
  • Economics
  • Math. Oper. Res.
Ordinal additivity between two attributes X and Y is a property that permits the utility function ux, y to be represented as φvx + wy for some functions φ, v and w where φ may be thought of as a single attribute utility function over v + w. In applications φ is usually taken to be either linear the additive decomposition or exponential the multiplicative decomposition. The utility function can be shown to be exactly one of these forms whenever the two attributes are mutually utility independent… 

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