Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5059100 | Economics Letters | 2013 | 4 Pages |
Abstract
â¢I provide axiomatic foundations for supermodularity of Bernoulli utility functions.â¢Axioms for quasi-supermodularity and supermodularity are compared.â¢For parametric utilities, I provide axioms for increasing differences.â¢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
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Authors
Alejandro Francetich,