WebThis function is quasiconcave, but it is not concave (in fact, it is strictly convex). It can be concavified, for example, using the monotone transformation , since which is concave. A negative example was shown by Fenchel. [2] His example is: . Web2 If f is strictly quasi-concave, the maximizer of f is unique. Prove this as an homework. Notice this does not guarantee that a solution exists. The (strict) quasi-concavity assumption plays a crucial role in economics as it tells us a lot about the solution of …
Some Properties of Generalized Concave Functions
WebDefinition: A function is strictly quasiconvex if all of its lower contour sets are strictly convex sets and none of its level sets have any width (i.e., no interior). The first condition rules out straight-line level sets while the second rules out flat spots. Two questions: … WebFeb 17, 2024 · Therefore, every (strictly) increasing transformation of a strictly concave function is also strictly quasi-concave, but the converse is not true. In this way you can take any strictly concave function and consider an appropriate strictly increasing transformation of the function so that the transformation of the function is not strictly concave. moving power query to power bi
(PDF) Probabilistic Voting in the Spatial Model of Elections: The ...
WebProof: Start by observing the extended-real valued function x 7→lnx is strictly concave on R+, since its second derivative is everywhere strictly negative. There- ... 7→ Xn i=1 αi lnxi is concave and therefore quasiconcave. Now the function y 7→ey is strictly mono-tonic, so its composition with ... WebEnter the email address you signed up with and we'll email you a reset link. movingposter cham