A utility representation theorem with weaker continuity condition |
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Authors: | Tomoki Inoue |
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Affiliation: | Institute of Mathematical Economics, Bielefeld University, P.O. Box 100131, 33501 Bielefeld, Germany |
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Abstract: | We prove that a mixture continuous preference relation has a utility representation if its domain is a convex subset of a finite dimensional vector space. Our condition on the domain of a preference relation is stronger than Eilenberg (1941) and Debreu (1959, 1964), but our condition on the continuity of a preference relation is strictly weaker than the usual continuity assumed by them. |
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Keywords: | Mixture continuity Utility representation |
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