On functional equation stemming from utility theory and psychophysics (Q2346353)
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| Language | Label | Description | Also known as |
|---|---|---|---|
| English | On functional equation stemming from utility theory and psychophysics |
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On functional equation stemming from utility theory and psychophysics (English)
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1 June 2015
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The author studies the functional equation \[ F(\sigma (y)x + (1 - \sigma(y))y) = \tau (y)F(x) + (1 - \tau (y))F(y) \] for \( x, y \in \mathcal C\), \(x - y \in \mathcal C\), where \(\mathcal C\) is a convex cone in a real linear space, \(F : \mathcal C \to \mathbb R\) and \(\sigma, \tau : \mathcal C \to [0, 1]\) and generalizes the result of \textit{J. Aczél} and \textit{R. D. Luce} [Proc. Natl. Acad. Sci. USA 99, No. 8, 5212--5216 (2002; Zbl 1061.39018)].
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utility theory
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psychophysics
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composite equation
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convex cone
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continuity on rays
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functional equation
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