Article ID Journal Published Year Pages File Type
973300 Mathematical Social Sciences 2009 7 Pages PDF
Abstract
A non-Archimedean utility representation theorem for independent and transitive preference orderings that are partially continuous on some convex subset and satisfy an axiom of incommensurable preference for elements outside that subset is proven. For complete preference orderings, the theorem is deduced directly from the classical von Neumann-Morgenstern theorem; in the absence of completeness, Aumann's [Aumann, R.J., 1962. Utility theory without the completeness axiom. Econometrica 30 (3), 445-462] generalization is utilized.
Related Topics
Physical Sciences and Engineering Mathematics Applied Mathematics
Authors
,