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Choquet–stieltjes integral as a tool for decision modeling

✍ Scribed by Yasuo Narukawa; Toshiaki Murofushi

Publisher
John Wiley and Sons
Year
2008
Tongue
English
Weight
112 KB
Volume
23
Category
Article
ISSN
0884-8173

No coin nor oath required. For personal study only.

✦ Synopsis

The usefulness of the Choquet integral for modeling decision under risk and uncertainty is shown. It is shown that some paradoxes of expected utility theory are solved using the Choquet integral. Necessary and sufficient conditions for the Choquet expected utility model for decision under uncertainty (or rank dependent utility model for decision under risk) being the same as its simplified versions are presented.

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