Under stochastic dominance Choquet-expected utility and anticipated utility are identical

✍ Scribed by Peter Wakker

• Publisher: Springer US
• Year: 1990
• Tongue: English
• Weight: 625 KB
• Volume: 29
• Category: Article
• ISSN: 0040-5833
• DOI: 10.1007/bf00126589

✦ Synopsis

The aim of this paper is to convince the reader that Choquet-expected utility, as initiated by Schmeidler (1982Schmeidler ( , 1989) ) for decision making under uncertainty, when formulated for decision making under risk naturally leads to anticipated utility, as initiated by Quiggin/Yaari. Thus the two generalizations of expected utility in fact are one.