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Theorem of existence of ruptures for mean values on finite numerical segments. Discrete case
Alexander Harin MPRA Paper from University Library of Munich, Germany
The proof of the theorem of existence of the ruptures, namely the proof of maximality, is improved. The theorem may be used in economics and explain the well-known problems such as Allais’ paradox. Illustrated examples of ruptures are presented.
Keywords: utility; utility theory; probability; uncertainty; decisions; economics; Allais paradox; risk aversion (search for similar items in EconPapers)
JEL-codes: D81 C0 C44 G22 C02 C1 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-acc and nep-upt
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