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Subjective Expected Utility With Incomplete Preferences [PDF]
Econometrica, 2013 Summary: This paper extends the subjective expected utility model of decision making under uncertainty to include incomplete beliefs and tastes. The main results are two axiomatizations of the multiprior expected multiutility representations of preference relations under uncertainty.
Edi Karni
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Subjective expected utility and psychological gambles [PDF]
Decisions in Economics and Finance, 2023 We obtain an elementary characterization of expected utility based on a representation of choice in terms of psychological gambles, which requires no assumption other than coherence between ex-ante and ex-post preferences. Weaker version of coherence are associated with various attitudes towards complexity and lead to a characterization of minimax or ...
Gianluca Cassese
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Classical subjective expected utility. [PDF]
Proc Natl Acad Sci U S A, 2013 We consider decision makers who know that payoff-relevant observations are generated by a process that belongs to a given class M , as postulated in Wald [Wald A (1950) Statistical Decision Functions (Wiley, New York)].
Cerreia-Vioglio S +3 more
europepmc +6 more sources
Subjective recursive expected utility [PDF]
Economic Theory, 2004 An axiomatic definition of the subjective recursive expected utility (SREU) is described and provided. It is an extension of results given in [\textit{D. M. Kreps, E. L. Porteus}, Econometrica 46, 185--200 (1978; Zbl 0382.90006)]. All proofs are given in the appendix. It is an important generalization of the particular definition of the SREU.
Ozdenoren, Emre, Klibanoff, Peter
openaire +5 more sources
Subjective Expected Utility with Imperfect Perception [PDF]
SSRN Electronic Journal, 2018 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Pivato, Marcus, Vergopoulos, Vassili
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Subjective Expected Utility with State-Dependent but Action/Observation-Independent Preferences [PDF]
Risks, 2018 Under state-dependent preferences, probabilities and units of scale of state-dependent utilities are not separately identified. In standard models, only their products matter to decisions.
Jacques H. Drèze
doaj +2 more sources
Awareness-Dependent Subjective Expected Utility [PDF]
SSRN Electronic Journal, 2011 This is a contribution to the recent and growing literature on the modeling of (un)awareness. The author addresses the issue of how to distinguish between events an individual is aware of, but assigns zero probability to, and events the individual is not aware of.
Burkhard C. Schipper
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A GENERAL THEORY OF SUBJECTIVE PROBABILITIES AND EXPECTED UTILITIES [PDF]
The Annals of Mathematical Statistics, 1969 Publisher Summary This chapter discusses an expected utility theory. It presents a general theory for the usual subjective expected utility model for decision under uncertainty and a concise proof of a general expected utility theorem. Given a set of reasonable assumptions concerning the decision maker's preferences over alternative horse lotteries ...
Peter C. Fishburn
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Subjective expected utility with signed threshold
Journal of Mathematical Psychology, 2022 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Yutaka Nakamura
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On Subjective Probability and Expected Utilities [PDF]
The Annals of Mathematical Statistics, 1972 The Anscombe and Aumann double relation approach for defining subjective probabilities and utilities in terms of a person's preferences is generalized for the case in which the set of states of the world is unrestricted (finite or not). A monotone continuity condition enables us to prove $\sigma$-additivity; the necessity of this condition is also ...
Pedro E. Ferreira
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