Monotoniczność miernika opartego na dwóch wzorcach. Rozważania teoretyczne
Monotonicity of the gauge leaned on two patterns. Theoretical considerations
Author(s): Jarosław L. Bojarski, Agata BindermanSubject(s): Economy
Published by: Szkoła Główna Gospodarstwa Wiejskiego w Warszawie
Keywords: the utility functions; synthetic measures; field of preference; phenomenon of insufficiency; norm; classification
Summary/Abstract: The aim of this paper is to present the monotonicity criterion for the utility functions defined in the preference field. We provide numerous examples of nonmonotonic (locally decreasing) utility functions. We investigate the possibility of introducing preference relation by employing utility functions. Moreover, we define the phenomenon of insufficiency in the field of the preference defined by the utility function.
Journal: Metody Ilościowe w Badaniach Ekonomicznych
- Issue Year: XI/2010
- Issue No: 2
- Page Range: 39-61
- Page Count: 23
- Language: Polish