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Psychophysical Foundations of the Cobb-Douglas Utility Function

Abstract : Relying on a literal interpretation of Weber's law in psychophysics, we show that a simple condition of independence across good categories implies the Cobb-Douglas preferences.
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Preprints, Working Papers, ...
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https://hal-hec.archives-ouvertes.fr/hal-01933881
Contributor : Antoine Haldemann Connect in order to contact the contributor
Submitted on : Saturday, November 24, 2018 - 3:47:08 PM
Last modification on : Saturday, June 25, 2022 - 10:56:03 AM

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Rossella Argenziano, Itzhak Gilboa. Psychophysical Foundations of the Cobb-Douglas Utility Function. 2018. ⟨hal-01933881⟩

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