Developments of Subjective Expected Utility Theories
نویسندگان
چکیده
منابع مشابه
Classical subjective expected utility.
We consider decision makers who know that payoff-relevant observations are generated by a process that belongs to a given class M, as postulated in Wald [Wald A (1950) Statistical Decision Functions (Wiley, New York)]. We incorporate this Waldean piece of objective information within an otherwise subjective setting à la Savage [Savage LJ (1954) The Foundations of Statistics (Wiley, New York)] a...
متن کاملReference-dependent subjective expected utility
A reference-dependent generalisation of subjective expected utility theory is presented. In this theory, preferences between acts depend both on final outcomes and on reference points (which may be uncertain acts). It is characterised by a set of axioms in a Savage-style framework. A restricted form of the theory separates attitudes to end states (encoded in a ‘satisfaction function’) from atti...
متن کاملSubjective expected utility without preferences
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 ...
متن کاملSubjective Expected Utility in Games
The specification of a payoff function for each player is all that is needed to define a game with complete information in the usual way, the interpretation of a player’s payoffs being that they are von Neumann-Morgenstern utilities. But the latter axiomatic derivation was devised for single person decision problems involving objective lotteries over outcomes, and thus it seems not completely a...
متن کاملAwareness-dependent subjective expected utility
We develop awareness-dependent subjective expected utility by taking unawareness structures introduced in Heifetz, Meier, and Schipper (2006, 2008, 2009) as primitives in the Anscombe-Aumann approach to subjective expected utility. We observe that a decision maker is unaware of an event if and only if her choices reveal that the event is “null” and the negation of the event is “null”. Moreover,...
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ژورنال
عنوان ژورنال: Journal of Japan Society for Fuzzy Theory and Intelligent Informatics
سال: 2005
ISSN: 1347-7986,1881-7203
DOI: 10.3156/jsoft.17.655