Results 261 to 270 of about 1,546,803 (298)
We approximate the utility function by polynomial series and solve the related dynamic portfolio optimization problems. We study the quality of the Taylor and Bernstein series approximation in response to the points and degrees of the expansions and generalize from earlier expansions applied to portfolio optimization.
ALEXANDER S. LOLLIKE, MOGENS STEFFENSEN
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Manel Baucells, Lloyd S. Shapley
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Utility, Futility, Counter-utility
Counterfutures, 2022Review of Neil Vallelly, Futilitarianism: Neoliberalism and the Production of Uselessness. Futility as both dominant structure of feeling and fulcrum for political action in the twilight of neoliberalism.
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A number of authors have suggested that investors derive utility from realizing gains and losses on assets that they own. We present a model of this "realization utility," analyze its predictions, and show that it can shed light on a number of puzzling facts.
Nicholas C. Barberis, Wei Xiong
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The topic of the article is related to converting deterministic economic theory into an econometric model. The author considers the commonly used method to add a random error term on the utility scale and proposes a modification of this method to account for stochastic dominance.
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Management Science, 1968
Utility theory is interested in people's preferences or values and with assumptions about a person's preferences that enable them to be represented in numerically useful ways. The first two sections of this paper say more about what utility is, why people are interested in it, and how it is interpreted and used in the management and behavioral ...
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Utility theory is interested in people's preferences or values and with assumptions about a person's preferences that enable them to be represented in numerically useful ways. The first two sections of this paper say more about what utility is, why people are interested in it, and how it is interpreted and used in the management and behavioral ...
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