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每週研討會

Conditionally additive utility representations

  • 日期 2017-09-26 (週二)
  • 時間 02:30 PM
  • 地點 Conference Room C103
  • 主持人 Professor Chun-Hsien Yeh
  • 演講者 Professor Hendrik Rommeswinkel (吳亨德)
  • 演講者簡介 Professor Rommeswinkel received his Ph.D. in Economics and Finance from Universität St.Gallen. He is currently an Assistant Professor at National Taiwan University. His research fields are Game Theory, Experimental & Behavioral Economics, Freedom of Choice, and Causal Discovery.
  • 摘要 Advances in behavioral economics have made decision theoretic models increasingly complex. Utility models incorporating insights from psychology often lack additive separability, a major obstacle for decision theoretic axiomatizations. We address this challenge by providing a representation theorem for utility functions of the form u(x, y, z) = f(x, z) + g(y, z). We call these representations conditionally additive as they are additively separable only when holding fixed z. We generalize the result to spaces with more than three dimensions. We provide axiomatizations for consumption preferences with reference points, as well as consumption preferences over time with dependence across time periods. Our results also allow us to generalize the theory of additive representations to simplexes.
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