Optimism and Pessimism with Expected Utility (Second Version)
نویسندگان
چکیده
منابع مشابه
Optimism and Pessimism with Expected Utility∗
Savage (1954) provided axioms on preferences over acts that were equivalent to the existence of an expected utility representation. We show that there is a continuum of other “expected utility” representations in which for any act, the probability distribution over states depends on the corresponding outcomes. We suggest that optimism and pessimism can be captured by the stake-dependent probabi...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2012
ISSN: 1556-5068
DOI: 10.2139/ssrn.2127679