Re: ISI PEA 2015 discussion

Posted by amalgamateking on May 10, 2015; 2:10pm
URL: http://discussion-forum.276.s1.nabble.com/ISI-PEA-2015-discussion-tp7596744p7596762.html

Yes, Dhruv, that is called a lexicographic preference. And the reason you couldnt find the utility function is because it is one of the textbook cases where there is no utility function due to non-continuity of preferences.

The contract curve when player 2 is lexi towards X (sub sub section a) is the left and top edge
The contract curve when player 2 is lexi towards Y (sub sub section b) is the right and bottom edge