2004
DOI: 10.1016/j.hm.2003.07.001
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The origins of quasi-concavity: a development between mathematics and economics

Abstract: The origins of the notion of quasi-concave function are considered, with special interest in some work by John von Neumann, Bruno de Finetti, and W. Fenchel. The development of such pioneering studies subsequently led to a whole field of research, known as “generalized convexity.” The different styles of the three authors and the various motivations for introducing quasi-concavity are compared, without losing sight of economic applications characteristic of the whole field of generalized convexity

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Cited by 34 publications
(19 citation statements)
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“…Moreover, in many practical problems, there are certain proportions in which the objectives should be improved to achieve the most intensive synergy effect. Here, we propose the idea of the most promising direction of simultaneous improvement of objectives which agrees with the well-known assumption of concavity of the utility function (Guerraggio and Molho, 2004), implying that this function grows faster in certain directions of simultaneous decrease of objective function values (starting e.g. from the nadir objective vector).…”
Section: Preference Handling Techniquesupporting
confidence: 56%
“…Moreover, in many practical problems, there are certain proportions in which the objectives should be improved to achieve the most intensive synergy effect. Here, we propose the idea of the most promising direction of simultaneous improvement of objectives which agrees with the well-known assumption of concavity of the utility function (Guerraggio and Molho, 2004), implying that this function grows faster in certain directions of simultaneous decrease of objective function values (starting e.g. from the nadir objective vector).…”
Section: Preference Handling Techniquesupporting
confidence: 56%
“…A natural type of application, that comes immediately in mind, is the description of the family of indifference curves for a utility function in the field of Economics. In this respect it is worthwhile mentioning that the interest for the notion of quasi-convexity just came from the analysis of the family of level curves in economic problems (see e.g., [13,25]). We can notice that, in the exchangeable case considered here, quasi-convexity implies Schur-convexity and, at least in the study of survival functions, the latter is equivalent to the following condition on the ageing function B: B( u, v) B(u, v) for every ∈ I, 0 v u 1.…”
Section: Discussionmentioning
confidence: 99%
“…For an historic introduction, see e.g. [4,5]; more recently quasi convex functions were used in [6,7]. Let 0 , 1 smooth bounded open convex sets, strictly convex, 0 & 1 .…”
Section: Isoclines Related To Quasi Convex Functionsmentioning
confidence: 99%