On ordinal utility, cardinal utility, and random utility

Though the Random Utility Model (RUM) was conceived  entirely in terms of ordinal utility, the apparatus throughwhich it is widely practised exhibits properties of  cardinal utility.  The adoption of cardinal utility as a  working operation of ordinal is perfectly valid, provided  interpretations drawn from that operation remain faithful  to ordinal utility.  The paper considers whether the latterrequirement holds true for several measurements commonly  derived from RUM.  In particular it is found that  measurements of consumer surplus change may depart from  ordinal utility, and exploit the cardinality inherent in  the practical apparatus.

Holographic Non-Gaussianity

We investigate the non-Gaussianity of primordial cosmological perturbations within our recently proposed holographic description of inflationary universes. We derive a holographic formula that determines the bispectrum of cosmological curvature perturbations in terms of correlation functions of a holographically dual three-dimensional non-gravitational quantum field theory (QFT). This allows us to compute the primordial bispectrum for a universe which started in a non-geometric holographic phase, using perturbative QFT calculations. Strikingly, for a class of models specified by a three-dimensional super-renormalisable QFT, the primordial bispectrum is of exactly the factorisable equilateral form with f_nl^eq=5/36, irrespective of the details of the dual QFT. A by-product of this investigation is a holographic formula for the three-point function of the trace of the stress-energy tensor along general holographic RG flows, which should have applications outside the remit of this work.Comment: 42 pages, 2 figs, published versio

Individually-rational collective choice

There is a collection of exogenously given socially-feasible sets, and, for each one of them, each individual in a group chooses from an individually-feasible set. The fact that the product of the individually-feasible sets is larger than the socially-feasible set notwithstanding, there arises no conflict between individual choices. Assuming that individual preferences are random, I characterize rationalizable collective choices

Spacecraft charging and ion wake formation in the near-Sun environment

A three-dimensional (3-D), self-consistent code is employed to solve for the static potential structure surrounding a spacecraft in a high photoelectron environment. The numerical solutions show that, under certain conditions, a spacecraft can take on a negative potential in spite of strong photoelectron currents. The negative potential is due to an electrostatic barrier near the surface of the spacecraft that can reflect a large fraction of the photoelectron flux back to the spacecraft. This electrostatic barrier forms if (1) the photoelectron density at the surface of the spacecraft greatly exceeds the ambient plasma density, (2) the spacecraft size is significantly larger than local Debye length of the photoelectrons, and (3) the thermal electron energy is much larger than the characteristic energy of the escaping photoelectrons. All of these conditions are present near the Sun. The numerical solutions also show that the spacecraft's negative potential can be amplified by an ion wake. The negative potential of the ion wake prevents secondary electrons from escaping the part of spacecraft in contact with the wake. These findings may be important for future spacecraft missions that go nearer to the Sun, such as Solar Orbiter and Solar Probe Plus.Comment: 25 pages, 7 figures, accepted for publication in Physics of Plasma

Holographic predictions for cosmological 3-point functions

We present the holographic predictions for cosmological 3-point correlators, involving both scalar and tensor modes, for a universe which started in a non-geometric holographic phase. Holographic formulae relate the cosmological 3-point functions to stress tensor correlation functions of a holographically dual three-dimensional non-gravitational QFT. We compute these correlators at 1-loop order for a theory containing massless scalars, fermions and gauge fields, and present an extensive analysis of the constraints due to Ward identities showing that they uniquely determine the correlators up to a few constants. We define shapes for all cosmological bispectra and compare the holographic shapes to the slow-roll ones, finding that some are distinguishable while others, perhaps surprisingly, are not.Comment: 51pp; 4 fig