Related papers: Lipschitz Bernoulli utility functions

Let X_1 ,..., X_n be a collection of binary valued random variables and let f : {0,1}^n -> R be a Lipschitz function. Under a negative dependence hypothesis known as the {\em strong Rayleigh} condition, we show that f - E f satisfies a…

We present a theory of expected utility with state-dependent linear utility functions for monetary returns, that incorporates the possibility of loss-aversion. Our results relate to first order stochastic dominance, mean-preserving spread,…

Nontransitive choices have long been an area of curiosity within economics. However, determining whether nontransitive choices represent an individual's preference is a difficult task since choice data is inherently stochastic. This paper…

The ability to uncover preferences from choices is fundamental for both positive economics and welfare analysis. Overwhelming evidence shows that choice is stochastic, which has given rise to random utility models as the dominant paradigm…

We provide some necessary and sufficient conditions for a proper lower semicontinuous convex function, defined on a real Banach space, to be locally or globally Lipschitz continuous. Our criteria rely on the existence of a bounded selection…

By using Cauchy integral formula in the theory of complex functions, the authors establish some integral representations for the principal branches of several complex functions involving the logarithmic function, find some properties, such…

We prove an implicit function theorem for functions on infinite-dimensional Banach manifolds, invariant under the (local) action of a finite dimensional Lie group. Motivated by some geometric variational problems, we consider group actions…

We consider several variants of Baumgartner's axiom for $\aleph_1$-dense sets defined on the Baire and Cantor spaces in terms of Lipschitz functions with respect to the usual metric. A variation of Baumgartner's original argument shows that…

We lift upper and lower estimates from linear functionals to $n$-homogeneous polynomials and using this result show that $l_\infty$ is finitely represented in the space of $n$-homogeneous polynomials, $n\ge2$, for any infinite dimensional…

The problem involving the extension of functions from a certain class and defined on subdomains of the ambient space to the whole space is an old and a well investigated theme in analysis. A related question whether the extensions that…

Dependence on the parameter is continuous when perturbations of the parameter preserves strict preference for one alternative over another. We characterise this property via a utility function over alternatives that depends continuously on…

In this work it is studied a quasilinear elliptic problem in the whole space $\mathbb{R}^N$ involving the $1-$Laplacian operator, with potentials which can vanish at infinity. The Euler-Lagrange functional is defined in a space whose…

Motivated by applications for simulating quantum many body functions, we propose a new universal ansatz for approximating anti-symmetric functions. The main advantage of this ansatz over previous alternatives is that it is bi-Lipschitz with…

Existing concentration bounds for bounded vector-valued random variables include extensions of the scalar Hoeffding and Bernstein inequalities. While the latter is typically tighter, it requires knowing a bound on the variance of the random…

We consider randomized mechanisms with optional participation. Preferences over lotteries are modeled using skew-symmetric bilinear (SSB) utility functions, a generalization of classic von Neumann-Morgenstern utility functions. We show that…

In this paper we extend Savage's theory of decision-making under uncertainty from a classical environment into a non-classical one. We formulate the corresponding axioms and provide representation theorems for qualitative measures and…

Certain previously known upper bounds on the moments of the norm of martingales in 2-smooth Banach spaces are improved. Some of these improvements hold even for sums of independent real-valued random variables. Applications to concentration…

We generalize the classical Bernstein theorem concerning the constructive description of classes of functions uniformly continuous on the real line. The approximation of continuous bounded functions by entire functions of exponential type…

We prove a version of the implicit function theorem for Lipschitz mappings $f:\mathbb{R}^{n+m}\supset A \to X$ into arbitrary metric spaces. As long as the pull-back of the Hausdorff content $\mathcal{H}_{\infty}^n$ by $f$ has positive…

We consider elliptic second order partial differential operators with Lipschitz continuous leading order coefficients on finite cubes and the whole Euclidean space. We prove quantitative sampling and equidistribution theorems for…