Utility representations from the concept of measure (Q690085): Difference between revisions
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Revision as of 21:15, 19 March 2024
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English | Utility representations from the concept of measure |
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Utility representations from the concept of measure (English)
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20 December 1993
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The authors give a unified approach to represent a binary relation \(>\) by a utility function. Starting with a strictly positive and finite measure \(\delta\) on \(2^{\mathbb{N}}\) a utility function for a completely ordered set \(X\) with a countable order-dense subset \(D\) can be derived: \(u(x)= \delta(\{k\in \mathbb{N}\mid d_ k\in D,\;d_ k< x\})\). Using this construction, the authors derive e.g. continuous utility functions for partially ordered topological spaces. Finally, the authors derive utility functions for partially ordered topological groups.
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binary relation
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continuous utility functions
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partially ordered topological spaces
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partially ordered topological groups
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