Abstract

Let X be a nonempty convex set in a normed real vector space ( E, p) and let ≾ be a complete and transitive relation on X. We specify conditions that are necessary and sufficient for ≾ to be representable by the restriction to X of a continuous linear functional V on ( E, p). The main result is applied to expected utility theory.

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.