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econ.TH2025
Numerical Representation of Preferences over Random Availability Functions
Somdeb Lahiri
We interpret a fuzzy set as a random availability function and provide sufficient conditions under which a preference relation over the set of all random availability functions can…
econ.TH2025
Lexicographic Preferences over Random Availability Functions
Somdeb Lahiri
We provide an axiomatic characterization of lexicographic preferences over the set of all random availability functions using two assumptions. The first assumption is strong monoto…
econ.TH2024
Loss Aversion and State-Dependent Linear Utility Functions for Monetary Returns
Somdeb Lahiri
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 t…