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Subjective expected utility and academic preferences

โœ Scribed by Paul M. Muchinsky; Mary K. Fitch


Publisher
Elsevier Science
Year
1975
Weight
531 KB
Volume
14
Category
Article
ISSN
0030-5073

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Subjective probabilities and utility wit
โœ Edi Karni ๐Ÿ“‚ Article ๐Ÿ“… 1992 ๐Ÿ› Springer ๐ŸŒ English โš– 993 KB

This article generalizes Savage's theory to include event-dependent preferences. The state space is partitioned into finitely many events. The induced preferences over consequences are assumed independent of the underlying states within, but not across, these events. This results in an additively se