Utilitarianism with and without expected utility
نویسندگان
چکیده
منابع مشابه
Multiattribute Utility Theory Without Expected Utility Foundations
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This paper proposes a theory of subjective expected utility based on primitives only involving the fact that an act can be judged either “attractive” or “unattractive”. We give conditions implying that there are a utility function on the set of consequences and a probability distribution on the set of states such that attractive acts have a subjective expected utility above some threshold. The ...
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متن کاملExpected utility without full transitivity
We generalize the classical expected-utility criterion by weakening transitivity to the conjunction of transitive indifference and Suzumura consistency. In the absence of full transitivity, completeness no longer follows as a consequence of the system of axioms employed and a richer class of rankings of probability distributions results. This class is characterized by means of standard expected...
متن کاملTitle Expected utility without full transitivity
We generalize the classical expected-utility criterion by weakening transitivity to Suzumura consistency. In the absence of full transitivity, reflexivity and completeness no longer follow as a consequence of the system of axioms employed and a richer class of rankings of probability distributions results. This class is characterized by means of standard expected-utility axioms in addition to S...
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ژورنال
عنوان ژورنال: Journal of Mathematical Economics
سال: 2020
ISSN: 0304-4068
DOI: 10.1016/j.jmateco.2020.01.001