This is a preview. Log in through your library . Abstract This paper provides necessary and sufficient preference conditions for average utility maximization over sequences of variable length. We ...
Andriy Blokhin has 5+ years of professional experience in public accounting, personal investing, and as a senior auditor with Ernst & Young. Erika Rasure is globally-recognized as a leading consumer ...
Rationality is usually defined in terms of expected utility maximization. This paper argues for defining it in terms of conditional expected utility maximization by showing this conception's superior ...
"Tools" lecture. Concepts will be used a lot in the course. Efficiency: An arrangement is efficient if and only if there exists no alternative in the feasible set -- that is, which can be obtained ...
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