Behavioral axioms about preference orderings among gambles and their joint receipt lead to numerical representations consisting of a subjective utility term plus a term depending upon the events and the subjective weights. The results here are for uncertain alternatives, in much the same sense as Savage’s usage. Several open problems are described. Results for the risky case are in a second art...

High-utility sequential pattern mining is an emerging topic in recent decades and most algorithms were designed to identify the complete set of high-utility sequential patterns under the single minimum utility threshold. In this paper, we first propose a novel framework called high-utility sequential pattern mining with multiple minimum utility thresholds to mine high utility sequential pattern...

It is expected that future high-performance processors will implement large L2 or L3 caches that will be shared by multiple cores. Allocating shared cache space among multiple programs is an important problem and has received much attention in recent years. Typically, the ways or sets of a cache are partitioned across multiple competing programs. Most recent work is built on the concept of marg...

The linear plus exponential utility function has received increasing attention of late as a particularly attractive family for evaluating additive gambles for wealth. In addition to its ability to reflect increasing appreciation for money, risk aversion, and decreasing risk aversion, it is consistent with a risk-return representation in which return is measured by expected value. In this paper ...

Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at . http://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive...

We show that the main results of the expected utility and dual utility theories can be derived in a unified way from two fundamental mathematical ideas: the separation principle of convex analysis, and integral representations of continuous linear functionals from functional analysis. Our analysis reveals the dual character of utility functions. We also derive new integral representations of du...

Tzung-Pei Hong , Cho-Han Lee and Shyue-Liang Wang Department of Computer Science and Information Engineering Department of Electrical Engineering Department of Information Management National University of Kaohsiung, Kaohsiung, 811, Taiwan Department of Computer Science and Engineering National Sun Yat-sen University, Kaohsiung, 804, Taiwan [email protected], [email protected], slwang@nu...

We pursue an inverse approach to utility theory and consumption & investment problems. Instead of specifying an agent’s utility function and deriving her actions, we assume we observe her actions (i.e. her consumption and investment strategies) and ask if it is possible to derive a utility function for which the observed behaviour is optimal. We work in continuous time both in a deterministic a...