Moments of utility functions and their applications

摘要: This paper presents moments and cross-moments of utility functions measures dependence. We start with an interpretation the nth moment a function, describe methods for its assessment in practice consistency checks that need to be satisfied any assessed moments. then show how function (i) provide new method determine parameters given functional form (ii) derive satisfies some assessments. Next, we fundamental formula relates expected joint distribution marginal distributions multiattribute functions. use this formulation intuitive illustrate their constructing incorporate dependence providing necessary conditions independence decisions multiple attributes. end measure work through several examples approach.