The Military Utility Assessment of Future Technologies (MUAFT) method was developed as a cost-efficient alternative to methods such NATO's Disruptive Technology Games, be used part the Swedish Armed Forces' long-term capability development process. question addressed in this study is whether MUAFT can considered have validity its context and thus if it has potential useful other small medium si...

Under expected utility, prudence is equivalent to a positive third derivative of utility and plays a crucial role in precautionary saving behaviour. Eeckhoudt and Schlesinger (2006) proposed behavioural de nitions of prudence and of higher order risk preferences. The present paper proposes a similar de nition for prudence with respect to ambiguity, i.e., situations in which objective probabilit...

The majority of real-world probabilistic systems are used by more than one user, thus a utility model must be elicited separately for each new user. Utility elicitation is long and tedious, particularly if the outcome space is large and not decomposable. Most research on utility elicitation focuses on making assumptions about the decomposability of the utility function. Here we make no assumpti...

Network Utility Maximization (NUM) studies the problems of allocating traffic rates to network users in order maximize users’ total utility subject resource constraints. In this paper, we propose a new NUM framework, Learning-NUM, where functions are unknown apriori and function values can be observed only after corresponding is delivered destination, which means that feedback experiences queue...

Convenient assumptions about qualitative properties of the intertemporal utility function have generated counter-intuitive implications for the relationship between atemporal risk aversion and the intertemporal elasticity of substitution. If the intertemporal utility function is additively separable then the latter two concepts are the inverse of each other. We review a simple theoretical speci...