Concept

Isoelastic utility

Publications associées (16)

Real options and risk aversion

In the standard real options approach to investment under uncertainty, agents formulate optimal policies under the assumptions of risk neutrality or complete financial markets. Although these assumptions are crucial to the implications of the approach, the ...

2012

Enhance & Explore: an Adaptive Algorithm to Maximize the Utility of Wireless Networks

Patrick Thiran, Julien Pierre Sacha Herzen, Ruben Merz, Adel Aziz

The goal of jointly providing efficiency and fairness in wireless networks can be seen as the problem of maximizing a given utility function. In contrast with wired networks, the capacity of wireless networks is typically time-varying and not known explici ...

2011

Essays on Equilibrium Asset Pricing

Rodolfo Javier Prieto Katunaric

This thesis consists of three chapters. The first chapter endogenizes technological change by introducing a stylized innovation process driven by a R&D–dependent Poisson process in a Cox, Ingersoll and Ross (1985) production economy. The model reproduces s ...

EPFL2010

Bidder Optimal Assignments for General Utilities

Monika Henzinger, Paul David Dütting, Ingmar Weber

We study the problem of matching bidders to items where each bidder i has a general, strictly monotonic utility functions u_{i,j}(p_j) expressing her utility of being matched to item j at price p_j . For this setting we prove that a bidder optimal outcome ...

Springer2009

Risk Aversion in Laboratory Asset Markets

We review the use of behavior from television game shows to infer risk attitudes. These shows provide evidence when contestants are making decisions over very large stakes, and in a replicated, structured way. Inferences are generally confounded by the sub ...

JAI Press, Research in Experimental Economics2008

M-DPOP: Faithful distributed implementation of efficient social choice problems

Boi Faltings, Adrian Petcu, David C. Parkes

In the efficient social choice problem, the goal is to assign values, subject to side constraints, to a set of variables to maximize the total utility across a population of agents, where each agent has private information about its utility function. In th ...

2008