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Related papers: A Note on the Continuity of Expected Utility Funct…

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We say a model is continuous in utilities (resp., preferences) if small perturbations of utility functions (resp., preferences) generate small changes in the model's outputs. While similar, these two questions are different. They are only…

Theoretical Economics · Economics 2024-03-05 Pablo Schenone

This paper presents a wp-style calculus for obtaining bounds on the expected run-time of probabilistic programs. Its application includes determining the (possibly infinite) expected termination time of a probabilistic program and proving…

Logic in Computer Science · Computer Science 2022-02-17 Benjamin Lucien Kaminski , Joost-Pieter Katoen , Christoph Matheja , Federico Olmedo

We consider an agent interacting with an unknown environment. The environment is a function which maps natural numbers to natural numbers; the agent's set of hypotheses about the environment contains all such functions which are computable…

Artificial Intelligence · Computer Science 2007-12-31 Peter de Blanc

We consider discrete-time uncertain processes with finite state space and study the properties of game-theoretic upper expectations developed by Shafer and Vovk. We start by proving some basic properties, e.g. monotonicity, law of iterated…

Probability · Mathematics 2019-04-02 Natan T'Joens , Jasper De Bock , Gert de Cooman

The main result presented in this article is that probability can fundamentally be characterized as a subset of conditional expectation induced by a plausible preorder on random quantities. This is justified by the fact that probability is…

Logic · Mathematics 2024-06-14 Ladislav Mečíř

A mixture preorder is a preorder on a mixture space (such as a convex set) that is compatible with the mixing operation. In decision theoretic terms, it satisfies the central expected utility axiom of strong independence. We consider when a…

Theoretical Economics · Economics 2021-02-16 David McCarthy , Kalle Mikkola , Teruji Thomas

The paper is devoted to obtain first and second order necessary optimality conditions for continuous-time optimization problems with equality and inequality constraints. A full rank type regularity condition along with an uniform implicit…

Optimization and Control · Mathematics 2023-05-10 Moisés Rodrigues Cirilo do Monte , Valeriano Antunes de Oliveira

A class of generalized definitions of expectation value is often employed in nonequilibrium statistical mechanics for complex systems. Here, the necessary and sufficient condition is presented for such a class to be stable under small…

Statistical Mechanics · Physics 2011-09-21 Aziz El Kaabouchi , Sumiyoshi Abe

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…

Theoretical Economics · Economics 2026-01-16 Collin Raymond , Yangwei Song

We prove that continuous reducibility is a well-quasi-order on the class of continuous functions between separable metrizable spaces with analytic zero-dimensional domain. To achieve this, we define scattered functions, which generalize…

Logic · Mathematics 2024-10-18 Raphaël Carroy , Yann Pequignot

The space of constructible functions form a dense subspace of the space of generalized valuations. In this note we prove a somewhat stronger property that the sequential closure, taken sufficiently many (in fact, infinitely many) times, of…

Metric Geometry · Mathematics 2015-06-16 Semyon Alesker

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…

Computer Science and Game Theory · Computer Science 2019-04-01 Patrick H. O'Callaghan

Let $\succsim$ be a binary relation on the set of simple lotteries over a countable outcome set $Z$. We provide necessary and sufficient conditions on $\succsim$ to guarantee the existence of a set $U$ of von Neumann--Morgenstern utility…

Classical Analysis and ODEs · Mathematics 2024-01-17 Paolo Leonetti

In this paper, we introduce and investigate two new subclasses of analytic functions in the open unit disk in the complex plane. Several interesting properties of the functions belonging to these classes are examined. Here, sufficient, and…

Complex Variables · Mathematics 2017-04-18 Nizami Mustafa

We prove that every nonnegative continuous real-valued function on a given compact metric space is the uniform limit of some increasing sequence of nonnegative simple functions being linear combinations of indicators of open sets; here the…

General Mathematics · Mathematics 2020-10-21 Yu-Lin Chou

The problem is considered as to whether a monotone function defined on a subset P of a Euclidean space can be strictly monotonically extended to the whole space. It is proved that this is the case if and only if the function is {\em…

Optimization and Control · Mathematics 2022-10-21 Pavel Chebotarev

We consider a functional calculus for compact operators, acting on the singular values rather than the spectrum, which appears frequently in applied mathematics. Necessary and sufficient conditions for this singular value functional…

Functional Analysis · Mathematics 2016-11-14 Fredrik Andersson , Marcus Carlsson , Karl-Mikael Perfekt

We present a necessary and sufficient condition for Alt's system to be represented by a continuous utility function. Moreover, we present a necessary and sufficient condition for this utility function to be concave. The latter condition can…

Theoretical Economics · Economics 2023-02-15 Yuhki Hosoya

Orderability, weak orderability and the existence of continuous weak selections on filter spaces (i.e., spaces with a single non-isolated point) and their products are discussed. We prove that a closed continuous image X of a suborderable…

General Topology · Mathematics 2017-10-19 Koichi Motooka , Dmitri Shakhmatov , Takamitsu Yamauchi

We consider approximations of a continuous function on a countable normed Fr\'{e}chet space by analytic and $*$-analytic. Also we found a criterium of the existence of an extension of a continuous function from a dense subspace of a…

Functional Analysis · Mathematics 2015-05-01 M. A. Mytrofanov , A. V. Ravsky