To access the full text documents, please follow this link:

Additive utility with intransitive indifference and without independence: A homogeneous case;
Biased Extensive Measurement: The Homogeneous Case
Le Menestrel, Marc; Lemaire, Bertrand
Universitat Pompeu Fabra. Departament d'Economia i Empresa
In the homogeneous case of one type of goods or objects, we prove theexistence of an additive utility function without assuming transitivityof indifference and independence. The representation reveals a positivefactor smaller than 1 that infuences rational choice beyond the utilityfunction and explains departures from these standard axioms of utilitytheory (factor equals to 1).
Business Economics and Industrial Organization
L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
Working Paper

Show full item record