Clever Geek Handbook
📜 ⬆️ ⬇️

Weakly Additive Utility

A preference relation is called a weakly additive , if the condition is met:

If A is preferable to B, and C is preferable to D (A and C do not intersect), then a set of A and C is preferable to a set of B and D.

Any additive utility function is weakly additive. Additivity is applicable only to cardinalistic functions, while weak additivity is applicable to ordinalistic .

The assumption of weak additivity is often justified in fair sharing games. Some procedures, including the adjustable winner procedure, do not require additivity; its weakened version is sufficient. Such an assumption greatly facilitates the solution of problems in this area.

Lack of Additivity

Weak additivity may not be true if:

  • The utility of a set of A and C is less than the sum of their utilities separately (that is, A and C are substitutes ).
  • The utility of a set of B and D is greater than the sum of their utilities separately (i.e., B and D are complements ).

However, the lack of additivity does not prevent weak additivity in principle: it can be achieved by introducing monetary compensation.

See also

  • Additive utility

Notes

  • Steven J. Brams; Alan D. Taylor (1996). Fair division: from cake-cutting to dispute resolution. Cambridge University Press. ISBN 978-0-521-55644-6 .
Source - https://ru.wikipedia.org/w/index.php?title= Weak_additive_usefulness&oldid = 86650543


More articles:

  • Geography of Agriculture
  • Hadrosauriformes
  • Guo Yan
  • Ambrosio, Alessandra
  • Oats
  • Belov, Vladimir Anatolyevich (Sambo)
  • Novikov, Donat Pavlovich
  • Migliorini, Marco
  • Bow (Volgograd Oblast)
  • Guran (Albors)

All articles

Clever Geek | 2019