Global Information Lookup Global Information

Supermodular function information


In mathematics, a function

is supermodular if

for all , , where denotes the componentwise maximum and the componentwise minimum of and .

If −f is supermodular then f is called submodular, and if the inequality is changed to an equality the function is modular.

If f is twice continuously differentiable, then supermodularity is equivalent to the condition[1]

  1. ^ The equivalence between the definition of supermodularity and its calculus formulation is sometimes called Topkis' characterization theorem. See Milgrom, Paul; Roberts, John (1990). "Rationalizability, Learning, and Equilibrium in Games with Strategic Complementarities". Econometrica. 58 (6): 1255–1277 [p. 1261]. doi:10.2307/2938316. JSTOR 2938316.

and 18 Related for: Supermodular function information

Request time (Page generated in 0.7869 seconds.)

Supermodular function

Last Update:

In mathematics, a function f : R k → R {\displaystyle f\colon \mathbb {R} ^{k}\to \mathbb {R} } is supermodular if f ( x ↑ y ) + f ( x ↓ y ) ≥ f ( x )...

Word Count : 859

Submodular set function

Last Update:

coverage. Supermodular function Matroid, Polymatroid Utility functions on indivisible goods H. Lin and J. Bilmes, A Class of Submodular Functions for Document...

Word Count : 3284

Index of economics articles

Last Update:

effect – Sunk costs – Sunspot equilibrium – Sunspots (economics) – Supermodular function – Supply and demand – Supply-side economics – Surplus value – Sustainable...

Word Count : 1370

Utility functions on indivisible goods

Last Update:

possible utility function for this case is given at the right. A utility function is additive if and only if it is both submodular and supermodular. Subadditivity...

Word Count : 1808

FKG inequality

Last Update:

nonnegative function on it, that is assumed to satisfy the (FKG) lattice condition (sometimes a function satisfying this condition is called log supermodular) i...

Word Count : 2381

Paul Milgrom

Last Update:

Indeed, they show that their concept of quasi-supermodularity (a generalization of supermodular function) along with the single-crossing property, is necessary...

Word Count : 12778

Strategic complements

Last Update:

{\displaystyle i\neq j} . Equivalently, this means that the function Π {\displaystyle \,\Pi } is supermodular. On the other hand, the decisions are strategic substitutes...

Word Count : 1350

Monotone comparative statics

Last Update:

f(x)-f(x\wedge x').} Every supermodular function is quasisupermodular. As in the case of single crossing differences, and unlike supermodularity, quasisupermodularity...

Word Count : 8478

Cooperative game theory

Last Update:

Specifically, a game is convex if its characteristic function v {\displaystyle v} is supermodular: v ( S ∪ T ) + v ( S ∩ T ) ≥ v ( S ) + v ( T ) , ∀  ...

Word Count : 5878

Additive utility

Last Update:

utility functions is weakly additive. A utility function is additive if and only if it is both submodular and supermodular. Utility functions on indivisible...

Word Count : 292

Fuzzy measure theory

Last Update:

Submodular fuzzy measures result in convex functions, while supermodular fuzzy measures result in concave functions when used to define a Choquet integral...

Word Count : 1546

Comparative statics

Last Update:

The method uses lattice theory and introduces the notions of quasi-supermodularity and the single-crossing condition. The wide application of monotone...

Word Count : 2388

Polymatroid

Last Update:

submodular function f {\displaystyle f} such that f ( ∅ ) = 0 {\displaystyle f(\emptyset )=0} and E P f = E P {\displaystyle EP_{f}=EP} . For a supermodular f...

Word Count : 991

List of Nobel Memorial Prize laureates in Economic Sciences

Last Update:

No-trade theorem, Market design, Reputation effects (game theory), supermodular games, monotone comparative statics, Linkage principle, Deferred-acceptance...

Word Count : 1804

Welfare maximization

Last Update:

valuations. When agents' utilities are superadditive set functions (more general than supermodular), a ( log ⁡ m ) 1 + ϵ m {\displaystyle {\frac {(\log m)^{1+\epsilon...

Word Count : 2837

Institutional complementarity

Last Update:

complementarity is due to Masahiko Aoki and relies on the theory of supermodular games developed by Paul Milgrom and John Roberts. The basic structure...

Word Count : 2254

Mutual information

Last Update:

{\displaystyle X} is a deterministic function of Y {\displaystyle Y} and Y {\displaystyle Y} is a deterministic function of X {\displaystyle X} then all information...

Word Count : 8693

Xavier Vives

Last Update:

lattice-theoretic methods to analyze games of strategic complementarities (or supermodular games), and in general complementarities, in economics. His contribution...

Word Count : 1554

PDF Search Engine © AllGlobal.net