This note elaborates Suppes’ (1977, Erkenntnis Vol. 11, No. 1, pp 233-250) derivation of the logarithmic function as a consumer’s cardinal utility function on money income levels, in which the ...

This paper considers a stochastic shortest path problem where the arc lengths are independent random variables following a normal distribution. In this problem, the optimal path is one that maximizes ...

Abstract: One of the classic observations in investment theory is that maximizing the expected-log-return of a portfolio results in the greatest long-term growth of wealth. The log-optimal portfolio ...

Abstract: This study aims to establish information service financing scheme model with three financing schemes, namely flat fee, usage-based and two-part tariff for Internet Service Providers (ISP) ...

The specification of the utility function has received limited attention within the discrete choice experiment (DCE) literature. This lack of investigation is surprising given that evidence from the ...

Insurance as a financial instrument has been used for a long time. The dramatic increase in competition within the insurance sector (in terms of providers coupled with awareness for the need for ...

This is the code repository for: Reymond, M., Hayes, C. F., Steckelmacher, D., Roijers, D. M., & Nowé, A. (2023). Actor-critic multi-objective reinforcement learning ...