Примеры использования Utility function на Английском языке и их переводы на Русский язык
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We now assume that the consumer's period t utility function is UtX, fz.
An agent's utility function may refer to states of, or entities within, its ontology.
This numerical representation of everything you care about is your utility function.
The article examines the utility function and categories to be ranged.
However, it is possible for preferences not to be representable by a utility function.
A utility function is additive if and only if it is both submodular and supermodular.
This paper proposes an approach to building multi-criteria utility function of economic information.
In his solution, he defines a utility function and computes expected utility rather than expected financial value see for a review.
He proved that these indices would closely approximate an exact COL index for any utility function.
Meh Chang discovered a buffer overflow flaw in a utility function used in the SMTP listener of Exim, a mail transport agent.
The utility function whose expected value is maximized is concave for a risk averse agent, convex for a risk lover, and linear for a risk neutral agent.
Bizyanov, Yevgenii Y.(2011)“The economicinformation utility function: featuresof design anduse.” Business Inform 9:23- 26.
Intuitively, the utility function must not simply be concave, but it must be concave relative to the probability weighting function to avoid the St. Petersburg paradox.
And since this normative part, is not simply the concept of an economic man, the utility function of each of us is added to it.
We can describe what you want with something called a utility function, which assigns a number that expresses how much you desire each possible outcome or"description of an entire possible future.
Triplett indicated that this result was true for the case T 2 andassuming that f was the log-log hedonic utility function described in section 3.1 above.
Now we can use the estimated period t+1 hedonic utility function ft+1 and the estimated period t aggregate price for the hedonic commodity, t, in order to define an imputed price for model k in period t as follows.
The sum of utilities from consumption across all persons is sometimes referred to as“welfare” in economics,where it is common to model the preferences of individuals using a utility function.
Constant returns to scale can readily be imposed on the translog hedonic utility function f(z) without destroying the flexibility of the functional form.
A preference relation is weakly additive if the following condition is met: If A is preferred to B, and C is preferred to D(and the contents of A and C do not overlap)then A together with C is preferable to B together with D. Every additive utility function is weakly-additive.
The main simplifying assumption is that every consumer has the same hedonic utility function, which describes how consumers evaluate alternative models with different characteristics.
Other factors important in evaluating a model include: Ability to explain past observations Ability to predict future observations Cost of use, especially in combination with other models Refutability, enabling estimation of the degreeof confidence in the model Simplicity, or even aesthetic appeal People may attempt to quantify the evaluation of a model using a utility function.
But as Peter de Blanc notes,"If the agent may upgrade or replace its ontology, it faces a crisis:the agent's original[utility function] may not be well-defined with respect to its new ontology.
Moreover, if the preferences were not merely homothetic but the utility function were a homogeneous quadratic, the CoL index would be equal to the geometric average of the Laspeyres and Paasche indexes, namely the Fisher index.
In the paper we develop metaheuristic method based on differential evolution for finding efficient frontier in solving the portfolio optimisation problem for investor with non concave utility function which reflects asymmetric investor attitude to losses and gains.
Thus the cost of assuming a time dependent hedonic utility function is a lack of invariance in the relative prices of the aggregate hedonic commodity over time to our utility function normalizations(61) or 62.
Its results, although similar to those of the APT,arise from a maximization problem of each investor's utility function, and from the resulting market equilibrium investors are considered to be the"consumers" of the assets.
The author quantitatively defined the volumes of consumption of dairy products on the basis of the utility function with constant elasticity, thus the costs of acquisition of dairy products will not exceed the family budget, and the utility function takes the maximum value.
This is in some sense also is a market failure,the market failure to take into account that part of the utility function, which is not reducible to individual utility and that is not limited to our personal consumption.
In normal consumer demand theory,we usually ask that the functional form for the consumer's utility function(or any of its dual representations) be flexible; i.e., we ask that our assumed functional form be able to approximate an arbitrary twice continuously differentiable utility function to the second order.