(CHOQUET-) INTEGRATING OVER PRIORS: (f)-MEU
نویسنده
چکیده
Every invariant biseparable preference relation can be represented by an integral on the set of continous a¢ ne mappings over a set of priors, where the integral is taken in the sense of Choquet. In looser terms: the representation takes the form of an integration over priors. As a by-product, we provide a novel interpretation of the (f)-MEU functional and of its relation with the Choquet integral.
منابع مشابه
Ambiguous events and maxmin expected utility
1 We study the properties associated to various de…nitions of ambiguity ([8], [9], [18] and [23]) in the context of Maximin Expected Utility (MEU). We show that each de…nition of unambiguous events produces certain restrictions on the set of priors, and completely characterize each de…nition in terms of the properties it imposes on the MEU functional. We apply our results to two open problems. ...
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