Results 11 to 20 of about 56,414 (330)
Subjective expected utility without preferences
Journal of Mathematical Psychology, 2011 This paper proposes a theory of subjective expected utility based on primitives only involving the fact that an act can be judged either "attractive" or "unattractive".
Denis Bouyssou, Thierry Marchant
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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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A Simplified Approach to Subjective Expected Utility
SSRN Electronic Journal, 2019 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Lorenzo Maria Stanca
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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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Predicting the Unpredictable under Subjective Expected Utility
SSRN Electronic JournalWe consider a decision maker who is unaware of objects to be sampled and thus cannot form beliefs about the occurrence of particular objects. Ex ante she can form beliefs about the occurrence of novelty and the frequencies of yet to be known objects.
Burkhard C. Schipper
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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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Subjective Probability and Expected Utility without Additivity [PDF]
Econometrica, 1989 Summary: An act maps states of nature to outcomes: deterministic outcomes as well as random outcomes are included. Two acts f and g are comonotonic, by definition, if it never happens that f(s)\(\succ f(t)\) and g(t)\(\succ g(s)\) for some states of nature s and t. An axiom of comonotonic independence is introduced here.
David Schmeidler
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Subjective expected utility through stochastic independence
Economic Theory, 2022 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Michel Grabisch +2 more
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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 with nonincreasing risk aversion [PDF]
Annals of Operations Research, 1989 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Peter P. Wakker
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