Scientific Research Publishing

Good Approximation of Exponential Utility Function for Optimal Futures Hedging ()

1 School of Statistics, Beijing Normal University, Beijing, China. 2 College of Economics and Management, Nanjing University of Aeronautics and Astronautics, Nanjing, China. 3 Department of Economics, ...
Scientific Research Publishing

Good Approximation of Exponential Utility Function for Optimal Futures Hedging

7 Department of Economics, Hong Kong Baptist University, Hong Kong, China Using polynomials to approximate the expected utility function is one of the important issues in finance (see, for example, ...
IEEE

Beyond exponential utility functions: A variance-adjusted approach for risk-averse reinforcement learning

Abstract: Utility theory has served as a bedrock for modeling risk in economics. Where risk is involved in decision-making, for solving Markov decision processes (MDPs) via utility theory, the ...
Europe PMC

Exploring utility function in utility management: an evaluating method of library preservation.

The utility function, we also have known, has get many mathematic forms such as the power utility function (Jana and Pavol 2010), the exponential utility function (Bhuvaneswari and Seethalakshmi 2011) ...
Europe PMC

An exponential representation of health state utility.

It has been shown which assumptions are reasonable to combine quality of life with length of life, those attributes fundamental to the quality-adjusted life-year concept. One of these assumptions is ...