منابع مشابه
Expected 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...
متن کاملMultiattribute Utility Theory Without Expected Utility Foundations
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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 کاملOption price without expected utility
Article history: Received 26 April 2007 Received in revised form 8 February 2008 Accepted 6 March 2008 Available online xxxx OO We consider the meaning of the option price, commonly acknowledged as the preferred ex ante welfare measure, in the rank-dependent expected utility (RDEU) framework. The importance of this pertains to performing benefit-cost analysis when RDEU maximizers are prevalent ...
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ژورنال
عنوان ژورنال: Social Choice and Welfare
سال: 2015
ISSN: 0176-1714,1432-217X
DOI: 10.1007/s00355-015-0876-5