This paper implements a unified model of individual abstention and vote choice to analyze policy-based alienation and indifference in Brazil’s 2002 presidential election. The results indicate that both alienation and indifference depressed turnout, with indifference contributing slightly more to voter abstention. Also, the determinants of alienation and indifference differed considerably, the f...

We study utility indifference pricing of claim streams with intertemporal consumption and power (CRRA) utilities. We derive explicit formulas for the derivatives of the utility indifference price with respect to claims and wealth. The simple structure of these formulas is a reflection of surprising operator identities for the derivatives of the optimal consumption stream. For example, the parti...

We represent interval ordered homothetic preferences with a quantitative homothetic utility function and a multiplicative bias. When preferences are weakly ordered (i.e. when indifference is transitive), such a bias equals 1. When indifference is intransitive, the biasing factor is a positive function smaller than 1 and measures a threshold of indifference. We show that the bias is constant if ...

Fully sequential indifference-zone selection procedures have been proposed in the simulation literature to select the system with the best mean performance from a group of simulated systems. However, the existing sequential indifference-zone procedures allocate an equal number of samples to the two systems in comparison even if their variances are drastically different. In this paper we propose...