Related papers: Expected multi-utility representations of preferen…
Let $N$ be a positive integer. We say a non-constant rational function $U(x)\in{\mathbb C}(x)$ is $N$-\emph{unital} if all the zeros and poles of both $U(x)$ and $1-U(x)$ are either 0 or $N$-th roots of unity. These functions are called…
The Random Utility Model (RUM) is the leading model to represent the aggregate choices of a heterogeneous population of preference maximizers. We show that if (and only if) preferences are sufficiently uncorrelated, RUM choices can also be…
This paper proposes two approaches that quantify the exact relationship among the viability, the absence of arbitrage, and/or the existence of the num\'eraire portfolio under minimal assumptions and for general continuous-time market…
We consider functions of natural numbers which allow a combinatorial interpretation as density functions (speed) of classes of relational structures, s uch as Fibonacci numbers, Bell numbers, Catalan numbers and the like. Many of these…
We obtain a criterion for an analytic subset of a Euclidean space to contain points of differentiability of a typical Lipschitz function, namely, that it cannot be covered by countably many sets, each of which is closed and purely…
A recent line of work, starting with Beigman and Vohra (2006) and Zadimoghaddam and Roth (2012), has addressed the problem of {\em learning} a utility function from revealed preference data. The goal here is to make use of past data…
Standard probability theory has been extremely successful but there are some conceptually possible scenarios, such as fair infinite lotteries, that it does not model well. For this reason alternative probability theories have been…
The expectation is an example of a descriptive statistic that is monotone with respect to stochastic dominance, and additive for sums of independent random variables. We provide a complete characterization of such statistics, and explore a…
We extend well-known comparative results under expected utility to models of non-expected utility by providing novel conditions on local utility functions. We illustrate how our results parallel, and are distinct from, existing results for…
We prove a number of results motivated by global questions of uniformity in computability theory, and universality of countable Borel equivalence relations. Our main technical tool is a game for constructing functions on free products of…
We provide an axiomatic system modeling conditional preference orders which is based on conditional set theory. Conditional numerical representations are introduced, and a conditional version of the theorems of Debreu on the existence of…
We use the Minority Game as a testing frame for the problem of the emergence of diversity in socio-economic systems. For the MG with heterogeneous impacts, we show that the direct generalization of the usual agents' profit does not fit some…
In this paper, we establish a mathematical duality between utility transforms and probability distortions. These transforms play a central role in decision under risk by forming the foundation for the classic theories of expected utility,…
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…
Choice functions over a set $X$ that satisfy the Outcast, a.k.a. Aizerman, property are exactly those that attach to any set its maximal subset relative to some total order of ${2}^{X}$.
In this work we shall apply the Bochner's theorem to prove certain combinations of Euler's q-exponentials are positive definite functions. Then we apply this positivity to prove curious inequalities for the Jacobi theta function…
Given a represented space (in the sense of TTE theory), an appropriate representation is constructed for the Moschovakis extension of its carrier (with paying attention to the cases of effective topological spaces and effective metric…
An important goal of empirical demand analysis is choice and welfare prediction on counterfactual budget sets arising from potential policy-interventions. Such predictions are more credible when made without arbitrary…
We prove that every bounded Lipschitz function F on a subset Y of a length space X admits a tautest extension to X, i.e., a unique Lipschitz extension u for which Lip_U u = Lip_{boundary of U} u for all open subsets U of X that do not…
We study payoff manipulation in repeated multi-objective Stackelberg games, where a leader may strategically influence a follower's deterministic best response, e.g., by offering a share of their own payoff. We assume that the follower's…