The paper offers a proof that expected utility maximisation with logarithmic utility is a dominant preference in the biological selection process in the sense that a population following any other ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. In economics, demand is the consumer's ...

https://doi.org/10.2307/2582611 • https://www.jstor.org/stable/2582611 Copy URL This paper introduces a methodology for the assessment of a decision-maker's utility ...