Sentence examples for have linear utility from inspiring English sources

Agents have linear utility in money.

This result is in contrast with Myerson and Satterthwaite (1983), which shows efficient trading is not possible if agents have linear utility and asymmetric initial endowments.

The risk attitude is directly related to the curvature of the von Neumann Morgenstern utility functions: risk neutral individuals have linear utility functions, while risk seeking individuals have convex utility functions and risk adverse individuals have concave utility functions.

When consumption only takes place in the future and therefore the risk-free rate is exogenous, equal prices are obtained when agents have exponential utility with normal consumption or when they have linear marginal utility.

This specification can be motivated by the best responses of a game in which nodes have linear-quadratic utility and there are strategic complementarities or substitutabilities between the actions of a node and those of its neighbours.

TV of the future will not always have linear stories.

Without that, you have linear thinking people.

Female capuchins have linear dominance hierarchies.

Risk-neutral entrepreneurs have a linear utility function as (U C =C).

Weighting everybody's WTP equally will only then lead to results that can be considered fair if either the current income distribution is fair or all individuals have identical, linear utility functions.

A risk-taking decision maker has a strictly convex utility function with λ ∈ (1, ∞); A risk-neutral decision maker has a linear utility function with λ = 1; and A risk-averse decision maker has a strictly concave utility function with λ ∈ (0, 1) [22] 22].