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Subjective expected utility and career preferences

โœ Scribed by Valerie L. Holmstrom; Roy Beach Lee


Publisher
Elsevier Science
Year
1973
Weight
366 KB
Volume
10
Category
Article
ISSN
0030-5073

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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