Welfare functions and group decisions (Q761931)
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scientific article; zbMATH DE number 3889216
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Welfare functions and group decisions |
scientific article; zbMATH DE number 3889216 |
Statements
Welfare functions and group decisions (English)
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1984
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The author shows that if a group adopts a Pareto optimal sharing rule, it may be able to make decisions under uncertainty with unanimity. A sufficient condition that this will be the case is that the preferences of all group members can be represented by exponential utility functions.
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group decisions
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Pareto optimal sharing rule
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uncertainty with unanimity
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exponential utility functions
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