March 15, 2013
This paper derives the functional forms of multiattribute utility functions that lead to a maximum of one-switch change in preferences between any two uncertain and multi-period cash flows as the decision maker’s wealth increases through constant annuity payments. We derive the general and continuous non-constant solutions of the corresponding functional equations.
Abbas, A. E. and J. Chudziak. 2013. One-Switch Utility Functions with Annuity Payments. Applied Mathematics and Computation, 219(14), 7699-7710.