Mixture axioms in linear and multilinear utility theories

✍ Scribed by Peter C. Fishburn; Fred S. Roberts

• Publisher: Springer US
• Year: 1978
• Tongue: English
• Weight: 514 KB
• Volume: 9
• Category: Article
• ISSN: 0040-5833
• DOI: 10.1007/bf00131771

✦ Synopsis

Three different approaches to mixture axioms have been used in expected utility theories. The most general approach uses the decision maker's indifference relation in the mixture axioms. We show how this approach can be used to obtain general axiomatizations for the traditional linear utility form and for a recently developed multilinear utility form.