Maximum Entropy Utility

نویسنده

  • Ali E. Abbas
چکیده

Full terms and conditions of use: http://pubsonline.informs.org/page/terms-and-conditions This article may be used only for the purposes of research, teaching, and/or private study. Commercial use or systematic downloading (by robots or other automatic processes) is prohibited without explicit Publisher approval, unless otherwise noted. For more information, contact [email protected]. The Publisher does not warrant or guarantee the article’s accuracy, completeness, merchantability, fitness for a particular purpose, or non-infringement. Descriptions of, or references to, products or publications, or inclusion of an advertisement in this article, neither constitutes nor implies a guarantee, endorsement, or support of claims made of that product, publication, or service. Copyright © 2006, INFORMS

برای دانلود رایگان متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Utility Function from Maximum Entropy Principle

Recently we used the maximum entropy principle for finding the price density in a multi agent insurance market. The result is similar to what the Buhlmann had obtained by maximizing the utility function. Here we begin with the price density that is derived by applying the maximum entropy principle to a conservative economic system (exchange market), then reverse the Buhlmann calculation to find...

متن کامل

Utility function estimation: The entropy approach

The maximum entropy principle can be used to assign utility values when only partial information is available about the decision maker’s preferences. In order to obtain such utility values it is necessary to establish an analogy between probability and utility through the notion of a utility density function. In this paper we explore the maximum entropy principle to estimate the utility functio...

متن کامل

Optimization of the Utility of a Structural Model of the Demand for Multi-Destination Non-Work Travel Using Maximum Entropy Method

In this paper we maximize the utility of a structural model of the demand for multi-destination non-work travel using maximum entropy method introduced by Shanon. A utility value is assigned when only partial information is available about the decision maker’s preferences. The maximum entropy utility solution embeds a large family of utility functions that includes the most commonly used functi...

متن کامل

An application of general maximum entropy to utility

Methodologies related with information theory have been increasingly used in studies in economics and management. In this paper we use Generalized Maximum Entropy as an alternative to the Ordinary Least Squares in the estimation of utility functions. We estimated linear, logarithmic and power utility functions as well as confidence intervals and in order to compare both methodologies. Results p...

متن کامل

A Maximum Entropy Estimator for the Aggregate Hierarchical Logit Model

A new approach for estimating the aggregate hierarchical logit model is presented. Though usually derived from random utility theory assuming correlated stochastic errors, the model can also be derived as a solution to a maximum entropy problem. Under the latter approach, the Lagrange multipliers of the optimization problem can be understood as parameter estimators of the model. Based on theore...

متن کامل

An information theory for preferences

Recent literature in the last Maximum Entropy workshop introduced an analogy between cumulative probability distributions and normalized utility functions [1]. Based on this analogy, a utility density function can de defined as the derivative of a normalized utility function. A utility density function is non-negative and integrates to unity. These two properties of a utility density function f...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

عنوان ژورنال:
  • Operations Research

دوره 54  شماره 

صفحات  -

تاریخ انتشار 2006