Psychophysical Foundations of the Cobb-Douglas Utility Function

Rossella Argenziano; Itzhak Gilboa

doi:10.2139/ssrn.3178753

Preprints, Working Papers, ...

Psychophysical Foundations of the Cobb-Douglas Utility Function

Rossella Argenziano ¹ Itzhak Gilboa ²

1 Department of Economics

2 GREGH - Groupement de Recherche et d'Etudes en Gestion à HEC

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.

Keywords : Cobb-Douglas Weber's Law Semi-Order

Document type :

Preprints, Working Papers, ...

Domain :

Humanities and Social Sciences / Business administration

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https://hal-hec.archives-ouvertes.fr/hal-01933881
Contributor : Antoine Haldemann <>
Submitted on : Saturday, November 24, 2018 - 3:47:08 PM
Last modification on : Monday, November 26, 2018 - 1:09:09 AM

Psychophysical Foundations of the Cobb-Douglas Utility Function

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Psychophysical Foundations of the Cobb-Douglas Utility Function

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