Related papers: On expected and von Neumann-Morgenstern utility fu…
In the large financial market, which is described by a model with countably many traded assets, we formulate the problem of the expected utility maximization. Assuming that the preferences of an economic agent are modeled with a stochastic…
A new characterization of harmonic functions is obtained. It is based on quadrature identities involving mean values over annular domains and over concentric spheres lying within these domains or on their boundaries. The analogous result…
The present article reveals important properties of the confluent Heun's functions. We derive a set of novel relations for confluent Heun's functions and their derivatives of arbitrary order. Specific new subclasses of confluent Heun's…
In this paper we improve results related to Normalized Jensen Functional for convex functions and Uniformly Convex Functions.
The covariance between real finite variance random variables can be expressed as the commutator of taking expectations and multiplying, both viewed as operators extended to act jointly on pairs of functions. The efficient influence curve of…
We prove some new properties of fidelity (transition probability) and concurrence, the latter defined by straightforward extension of Wootters notation. Choose a conjugation and consider the dependence of fidelity or of concurrence on…
We pursue an inverse approach to utility theory and consumption & investment problems. Instead of specifying an agent's utility function and deriving her actions, we assume we observe her actions (i.e. her consumption and investment…
We consider distributions on a closed compact manifold $M$ as maps on smoothing operators. Thus spaces of certain maps between $\Psi^{-\infty}(M)\to \mathcal{C}^{\infty}(M)$ are considered as generalized functions. For any collection of…
In this paper, we prove Newton-Maclaurin type inequalities for functions obtained by linear combination of two neighboring primary symmetry functions, which is a generalization of the classical Newton-Maclaurin inequality.
The main objective of this paper is to look from the unique point of view at some phenomena arising in different areas of probability theory and mathematical statistics. We will try to understand what is common between classical…
New classes of generalized Nevanlinna functions, which under multiplication with an arbitrary fixed symmetric rational function remain generalized Nevanlinna functions, are introduced. Characterizations for these classes of functions are…
In this paper we give the functional characteristics of the Rothberger and Menger properties.
Shafer's theory of belief and the Bayesian theory of probability are two alternative and mutually inconsistent approaches toward modelling uncertainty in artificial intelligence. To help reduce the conflict between these two approaches,…
In this paper we investigate the monotonicity properties related to the ratio of gamma functions, from which some related asymptotics and inequalities are established. Some special cases also confirm the conjectures of C.-P. Chen…
This paper builds a rule for decisionmaking from the physical behavior of single neurons, the well established neural circuitry of mutual inhibition, and the evolutionary principle of natural selection. No axioms are used in the derivation…
It is established that general s-convex functions are a new class of generalized convex functions. In a similar vein, a new class of general s-convex sets is introduced, which are generalizations of s-convex sets. Additionally, certain…
Analogues of classical combinatorial identities for elementary and homogeneous symmetric functions with coefficients in Yanigian are discussed. As a corollary, similar relations are deduced for shifted Schur functions.
This work considers reasons for and implications of discarding the assumption of transitivity, which (transitivity) is the fundamental postulate in the utility theory of Von Neumann and Morgenstern, the adiabatic accessibility principle of…
Monotonicity and recursivity are central assumptions in intertemporal consumption problems under ambiguity. We show that monotone recursive preferences admit both a recursive and an ex-ante representation, and that the certainty equivalent…
Motivated by Talagrand's conjecture on regularization properties of the natural semigroup on the Boolean hypercube, and in particular its continuous analogue involving regularization properties of the Ornstein-Uhlenbeck semigroup acting on…