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- W2065892875 abstract "In his 1984 paper in Management Science, McEntire conjectured that all concave utility functions satisfy his independence-from-irrelevant-assets IIA property. This paper shows that this conjecture is false. The paper provides several families of utility functions, all of whose members violate the IIA property; moreover, it is shown that the set of utility functions violating the IIA property is quite large, and that it is widespread throughout the entire space of utility functions." @default.
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- W2065892875 date "1991-03-01" @default.
- W2065892875 modified "2023-09-28" @default.
- W2065892875 title "On the Independence of Irrelevant Assets: McEntire's Conjecture" @default.
- W2065892875 cites W161630098 @default.
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- W2065892875 doi "https://doi.org/10.1287/mnsc.37.3.301" @default.
- W2065892875 hasPublicationYear "1991" @default.
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