Finite sensibility and utility functions |
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| Authors: | Gerhard Sichelstiel Fritz Söllner |
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| Institution: | (1) Departments of Philosophy and Economics, University of Bayreuth, Bayreuth, Germany |
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| Abstract: | According to the concept of finite sensibility an individual utility function has to fulfill Ng's (1975) Convention 1. In this paper we show that relatively weak assumptions already guarantee the existence of a utility function with the desired property and we present a procedure for constructing such a utility function. |
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