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## BUILDING AN INCREASING CONTINUOUS UTILITY FUNCTION

#### Dimitar Dimitrakiev [1]

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The paper focuses on modern analytical techniques for construction of utility functions over prizes, where the preferences of the decision maker are strictly increasing. If chosen and applied properly these methods facilitate the analysis and guarantee precise description of the decision makers’ preferences. The paper discusses modern analytical techniques, such as a modified arctg(.) form of the utility function, which contains prior information for the most typical risk attitude over lotteries, whose prizes can be both profits and losses. Also discussed is a power approximation of the utility.
Utility function, lotteries, analytical approximation, risk attitude, local risk aversion
Primary Language tr Engineering Haziran 2008 Research Articles Author: Dimitar Dimitrakiev Publication Date: June 1, 2008
 Bibtex @research article { saufenbilder220692, journal = {Sakarya University Journal of Science}, issn = {1301-4048}, eissn = {2147-835X}, address = {Sakarya University}, year = {2008}, volume = {12}, pages = {22 - 27}, doi = {10.16984/saufbed.40155}, title = {BUILDING AN INCREASING CONTINUOUS UTILITY FUNCTION}, key = {cite}, author = {Dimitrakiev, Dimitar} } APA Dimitrakiev, D . (2008). BUILDING AN INCREASING CONTINUOUS UTILITY FUNCTION. Sakarya University Journal of Science, 12 (1), 22-27. Retrieved from http://www.saujs.sakarya.edu.tr/issue/20700/220692 MLA Dimitrakiev, D . "BUILDING AN INCREASING CONTINUOUS UTILITY FUNCTION". Sakarya University Journal of Science 12 (2008): 22-27 Chicago Dimitrakiev, D . "BUILDING AN INCREASING CONTINUOUS UTILITY FUNCTION". Sakarya University Journal of Science 12 (2008): 22-27 RIS TY - JOUR T1 - BUILDING AN INCREASING CONTINUOUS UTILITY FUNCTION AU - Dimitar Dimitrakiev Y1 - 2008 PY - 2008 N1 - DO - T2 - Sakarya University Journal of Science JF - Journal JO - JOR SP - 22 EP - 27 VL - 12 IS - 1 SN - 1301-4048-2147-835X M3 - UR - Y2 - 2019 ER - EndNote %0 Sakarya University Journal of Science BUILDING AN INCREASING CONTINUOUS UTILITY FUNCTION %A Dimitar Dimitrakiev %T BUILDING AN INCREASING CONTINUOUS UTILITY FUNCTION %D 2008 %J Sakarya University Journal of Science %P 1301-4048-2147-835X %V 12 %N 1 %R %U ISNAD Dimitrakiev, Dimitar . "BUILDING AN INCREASING CONTINUOUS UTILITY FUNCTION". Sakarya University Journal of Science 12 / 1 (June 2008): 22-27. AMA Dimitrakiev D . BUILDING AN INCREASING CONTINUOUS UTILITY FUNCTION. SAUJS. 2008; 12(1): 22-27. Vancouver Dimitrakiev D . BUILDING AN INCREASING CONTINUOUS UTILITY FUNCTION. Sakarya University Journal of Science. 2008; 12(1): 27-22.