Expected Utility without Continuity: A Comment on Delbaen, Drapeau, and Kupper (2011)
نویسندگان
چکیده
This paper presents preference axiomatizations of expected utility for nonsimple lotteries while avoiding continuity constraints. We use results by Fishburn (1975), Wakker (1993), and Kopylov (2010) to generalize results by Delbaen, Drapeau, and Kupper (2011). We explain the logical relations between these contributions for risk versus uncertainty, and for finite versus countable additivity, indicating what are the most general axiomatizations of expected utility existing
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