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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
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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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Subjective Expected Utility Theory with 'Small Worlds' [PDF]
SSRN Electronic Journal, 2009 We model the notion of a “small world” as a context dependent state space embedded into the “grand world”. For each situation the decision maker creates a “small world” reflecting the events perceived to be relevant for the act under consideration. The “grand world” is represented by an event space which is a more general construction than a state ...
Gyntelberg, Jacob, Hansen, Frank
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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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Subjective Expected Utility with Topological Constraints [PDF]
SSRN Electronic Journal, 2018 In many decisions under uncertainty, there are technological constraints on the acts an agent can perform and on the events she can observe. To model this, we assume that the set S of possible states of the world and the set X of possible outcomes each have a topological structure.
Marcus Pivato, Vassili Vergopoulos
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Subjective expected utility without preferences [PDF]
Journal of Mathematical Psychology, 2011 This paper deals with the problem of representation of decision making by expected utilities. It discusses the relation between trade off consistency and the identification of attractive sets in terms of a linear combination of utilities.
Bouyssou, Denis, Marchant, Thierry
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Subjective Expected Utility in Games [PDF]
SSRN Electronic Journal, 2009 This paper extends Savage’s subjective approach to probability and utility from decision problems under exogenous uncertainty to choice in strategic environments. Interactive uncertainty is modeled both explicitly, using hierarchies of preference relations, the analogue of beliefs hierarchies, and implicitly, using preference structures, the analogue ...
Alfredo Di Tillio
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Continuous subjective expected utility with non-additive probabilities [PDF]
Journal of Mathematical Economics, 1989 A well-known theorem of Debreu about additive representations of preferences is applied in a nonadditive context, to characterize continuous subjective expected utility maximization for the case where the probability measures may be nonadditive. The approach of this paper does not need the assumption that lotteries with known (objective) probability ...
Peter P. Wakker
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Independent postulates for subjective expected utility [PDF]
Theory and Decision, 2023 AbstractAlthough the subjective expected utility (SEU) theory is more than 60 years old, it was recently discovered by Hartmann (Econometrica 88(1):203–205, 2020, https://doi.org/10.3982/ECTA17428) that one of the original seven postulates is redundant, i.e., it is implied by the other six postulates.
Harju Mikko +3 more
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