Existence of Arrow-Debreu Equilibrium with S-shaped Utility Function
Existence of Arrow-Debreu Equilibrium with S-shaped Utility Function作者机构:Academy of Mathematics and Systems Science Chinese Academy of Sciences Beijing 100080 China
出 版 物:《Acta Mathematicae Applicatae Sinica》 (应用数学学报(英文版))
年 卷 期:2007年第23卷第1期
页 面:149-154页
核心收录:
学科分类:02[经济学] 0202[经济学-应用经济学] 020208[经济学-统计学] 07[理学] 0714[理学-统计学(可授理学、经济学学位)] 070103[理学-概率论与数理统计] 0701[理学-数学] 0812[工学-计算机科学与技术(可授工学、理学学位)]
主 题:Subjective expected utility S-shaped utility function prospect theory Arrow-Debreu equilibrium
摘 要:This paper characterizes the optimal solution of subjective expected utility with S-shaped utility function, by using the prospect theory (PT). We also prove the existence of Arrow-Debreu equilibrium.