3 Show that, in Case 2(b), if p1() p2() and UD (d, ) aUJ (d, ) b, where a 0, then p() pD() (1)pJ ()(0 1) and U (d, ) UD (d, ) satisfy the Pareto condition ...

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3. Show that, in Case 2(b), if p1() = p2() and UD (d, ) = aUJ (d,...

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3. Show that, in Case 2(b), if p1(θ) = p2(θ) and UD

(d, θ) = aUJ

(d, θ) +

b, where a > 0, then p(θ) = αpD(θ)+(1−α)pJ (θ)(0 ≤ α ≤ 1) and U

(d, θ) = UD

(d, θ) satisfy the Pareto condition.

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Principles Of Uncertainty

ISBN: 9781138052734

2nd Edition

Authors: Joseph B. Kadane

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Question Posted: Aug 31, 2024 08:01 AM

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3. Show that, in Case 2(b), if p1() = p2() and UD (d, ) = aUJ (d,...

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Principles Of Uncertainty

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