Rationality, Expected Utility Theory and the Precautionary Principle
نویسندگان
چکیده
منابع مشابه
Expected Uncertain Utility Theory†
We introduce and analyze expected uncertain utility theory (EUU). A prior and an interval utility characterize an EUU decision maker. The decision maker transforms each uncertain prospect into an interval-valued prospect that assigns an interval of prizes to each state. She then ranks prospects according to their expected interval utilities. We define uncertainty aversion for EUU, use the EUU m...
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ژورنال
عنوان ژورنال: Ethics, Policy & Environment
سال: 2019
ISSN: 2155-0085,2155-0093
DOI: 10.1080/21550085.2019.1581413