A Note on the Continuous Differentiability of an Expected Utility Function: A Two Periods Consumer Decision Problems.

Abstract

In the setting of a simple two-period model with money, the continuous differentiability of the expected utility function is shown to follow from the following assumptions provided the monotone von Neumann-Morgenstern utility function and the expectation function are sufficiently differentiable: (a) inelasticity of expectations: (b) risk aversion in future consumption. (Author)

Open PDF

Document Details

Document Type
Technical Report
Publication Date
Mar 01, 1979
Accession Number
ADA068726

Entities

People

  • Kuan-pin Lin

Organizations

  • Harvard University

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Commodities
  • Consumers
  • Continuity
  • Economics
  • Environment
  • Geometry
  • Measure Theory
  • Military Research
  • Neurobehavioral Manifestations
  • New York
  • Probability
  • Probability Distributions
  • Sequences
  • Theorems
  • Uncertainty
  • United States
  • United States Government

Fields of Study

  • Economics

Readers

  • Graph Algorithms and Convex Optimization.
  • Logistics and Supply Chain Management.
  • Theoretical Analysis.