I want to show that constrained maximization or any similar proposal cannot be coherently supported by expected utility theory. First, I point to an important implication of that theory. Second, I ...

We consider the robust exponential utility maximization problem in discrete time: An investor maximizes the worst case expected exponential utility with respect to a family of nondominated ...

Consumer actions are based on the goal of total utility maximization, which leads to purchasing units perceived to have the greatest utility satisfaction. Economists seek to quantify utility and ...

When economists look at utility maximizing, they do so assuming that the individual cares only about their own utility, and not about the bigger world in general. I propose that research is often not ...

Lundy, Taylor, Alexander Wei, Hu Fu, Scott Duke Kominers, and Kevin Leyton-Brown. "Allocation for Social Good: Auditing Mechanisms for Utility Maximization." Proceedings of the ACM Conference on ...