Article ID Journal Published Year Pages File Type
5059100 Economics Letters 2013 4 Pages PDF
Abstract

•I provide axiomatic foundations for supermodularity of Bernoulli utility functions.•Axioms for quasi-supermodularity and supermodularity are compared.•For parametric utilities, I provide axioms for increasing differences.•Axioms for increasing differences and single crossing are compared.

Many choice-theoretic and game-theoretic applications in Economics invoke some form of supermodularity or increasing differences for objective functions defined on lattices. These notes provide axiomatic foundations for these properties on expected-utility representations of preferences over lotteries.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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