Subjective Probability under Additive Aggregation of Conditional Preferences
نویسندگان
چکیده
منابع مشابه
Simple axioms for countably additive subjective probability
Thispaper refines Savage’s theoryof subjectiveprobability for the caseof countably additive beliefs. First, I replace his continuity axiomsP6 andP7with a simplemodification of Arrow’s (1970) Monotone Continuity. Second, I relax Savage’s primitives: in my framework, the class of events need not be a -algebra, and acts need not have finite or bounded range. By varying the domains of acts and even...
متن کاملRepresentation of conditional preferences under uncertainty
This paper presents axioms for systems of conditional preferences and provides representation results for these systems. It reports on a new way of representing a system of conditional preferences, by means of a system of conditional lexicographic probabilities (SCLP) (cf. Asheim and Perea, Games and Economic Behavior, forthcoming). An SCLP ensures well-defined conditional beliefs representing ...
متن کاملOptimal Reallocation under Additive and Ordinal Preferences
Reallocating resources to get mutually beneficial outcomes is a fundamental problem in various multi-agent settings. In the first part of the paper we focus on the setting in which agents express additive cardinal utilities over objects. We present computational hardness results as well as polynomial-time algorithms for testing Pareto optimality under different restrictions such as two utility ...
متن کاملRepresentation and aggregation of preferences under uncertainty
We provide a general impossibility theorem on the aggregation of preferences under uncertainty. We axiomatize in the Anscombe-Aumann setting a wide class of preferences, called rank-dependent additive preferences that includes most known models of decision under uncertainty as well as state-dependent versions of these models. We prove that aggregation is possible and necessarily linear if and o...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Economic Theory
سال: 1997
ISSN: 0022-0531
DOI: 10.1006/jeth.1997.2303