The paper focuses on modern analytical techniques for construction of utility functions over prizes, where the preferences of the decision maker are strictly increasing. If chosen and applied properly these methods facilitate the analysis and guarantee precise description of the decision makers’ preferences. The paper discusses modern analytical techniques, such as a modified arctg(.) form of the utility function, which contains prior information for the most typical risk attitude over lotteries, whose prizes can be both profits and losses. Also discussed is a power approximation of the utility.
Dimitrakiev, D. (2008). BUILDING AN INCREASING CONTINUOUS UTILITY FUNCTION. Sakarya University Journal of Science, 12(1), 22-27. https://doi.org/10.16984/saufbed.40155
AMA
Dimitrakiev D. BUILDING AN INCREASING CONTINUOUS UTILITY FUNCTION. SAUJS. June 2008;12(1):22-27. doi:10.16984/saufbed.40155
Chicago
Dimitrakiev, Dimitar. “BUILDING AN INCREASING CONTINUOUS UTILITY FUNCTION”. Sakarya University Journal of Science 12, no. 1 (June 2008): 22-27. https://doi.org/10.16984/saufbed.40155.
EndNote
Dimitrakiev D (June 1, 2008) BUILDING AN INCREASING CONTINUOUS UTILITY FUNCTION. Sakarya University Journal of Science 12 1 22–27.
IEEE
D. Dimitrakiev, “BUILDING AN INCREASING CONTINUOUS UTILITY FUNCTION”, SAUJS, vol. 12, no. 1, pp. 22–27, 2008, doi: 10.16984/saufbed.40155.
ISNAD
Dimitrakiev, Dimitar. “BUILDING AN INCREASING CONTINUOUS UTILITY FUNCTION”. Sakarya University Journal of Science 12/1 (June 2008), 22-27. https://doi.org/10.16984/saufbed.40155.
JAMA
Dimitrakiev D. BUILDING AN INCREASING CONTINUOUS UTILITY FUNCTION. SAUJS. 2008;12:22–27.
MLA
Dimitrakiev, Dimitar. “BUILDING AN INCREASING CONTINUOUS UTILITY FUNCTION”. Sakarya University Journal of Science, vol. 12, no. 1, 2008, pp. 22-27, doi:10.16984/saufbed.40155.
Vancouver
Dimitrakiev D. BUILDING AN INCREASING CONTINUOUS UTILITY FUNCTION. SAUJS. 2008;12(1):22-7.
