... c 0≥ c 0for every c 1,and increasing at date 1 if u (c 0, c 1) ≥ u (c 0, c 1) whenever c 1≥ c 1for every c 0. It is strictly increasingat date 0 if u (c 0, c 1) > u (c 0, c 1) ... Andrew Rennie. Financial Calculus. Cambridge University Press, Cam-bridge, 1996.[2] John Y. Campbell, Andrew W. Lo, and A. Craig MacKinlay. The Econometrics of Financial Markets. Princeton University ... function. Since a strictly increasing affinetransformation of a utility function describes the same expected utility preferences, the Arrow-Prattmeasure completely characterizes preferences.CONTENTS...