Expected multi-utility representations
نویسندگان
چکیده
منابع مشابه
Expected multi-utility representations
This paper axiomatizes expected multi-utility representations of incomplete preferences under risk and under uncertainty. The von Neumann–Morgenstern expected utility model with incomplete preferences is revisited using a ‘‘constructive’’ approach, as opposed to earlier treatments that use convex analysis. © 2012 Elsevier B.V. All rights reserved. ‘‘Of all the axioms of utility theory, the comp...
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Gambles are recursively generated from pure payoffs, events, and other gambles, and a preference order over them is assumed. Weighted average utility representations are studied that are strictly increasing in each payoff and for which the weights depend both on the events underlying the gamble and the preference ranking over the several component payoffs. Basically two results are derived: a c...
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ژورنال
عنوان ژورنال: Mathematical Social Sciences
سال: 2012
ISSN: 0165-4896
DOI: 10.1016/j.mathsocsci.2012.04.002