Implementation without expected utility: ex-post verifiability
نویسندگان
چکیده
منابع مشابه
A Generalization of Expected Utility: Ex-Post Luck
I generalize the Von Neumann-Morgenstern (vNM) Expected Utility Theorem in the case of a finite set by weakening the Independence and Continuity axioms. In the resulting representation a lottery ∑ πixi is evaluated by ∑ Ψ(πiu(xi)), where the shape of Ψ determines what I call mixture attitudes. I consider three extensions: 1) allowing mixture-seeking attitudes in addition to mixture-averse attit...
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ژورنال
عنوان ژورنال: Social Choice and Welfare
سال: 2019
ISSN: 0176-1714,1432-217X
DOI: 10.1007/s00355-019-01198-2