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econ.TH2023
A Note on the Continuity of Expected Utility Functions
Yuhki Hosoya
In this paper, we study the continuity of expected utility functions, and derive a necessary and sufficient condition for a weak order on the space of simple probabilities to have…
econ.TH2023
Utilitarian Theorems and Equivalence of Utility Theories
Yuhki Hosoya
In this paper, we consider an environment in which the utilitarian theorem for the NM utility function derived by Harsanyi and the utilitarian theorem for Alt's utility function de…