Abstract

Let X be a connected metric space, let N be the set of natural numbers, and let > be a preference order defined on a suitable subset of X^N. I characterize when > has a Cesaro average utility representation. This means that there is a continuous function u from X into the real numbers, such that one sequence in X^N is preferred to another sequence if it yields a higher limit, as n goes to infinity, of the average utility over the first n terms in the sequence. This has applications to decision theory and inter-generational social choice.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.