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A note on Bernoulli's principle and probability dominance

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Abstract

The concept of β-dominance proposed by Wrather and Yu (Ref. 1) is shown to be not equivalent to that of expected utilities, which depend on the chosen alternative and the not chosen alternative.

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References

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Author information

Authors and Affiliations

  1. Istituto di Matematica Finanziaria, Universita di Parma, Parma, Italy

    M. Scarsini (Researcher)

Authors
  1. M. Scarsini
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Additional information

Communicated by P. L. Yu

This work was performed under the auspices of GNAFA-CNR, Rome, Italy.

The author thanks Professor P. L. Yu for his helpful comments.

on leave at the Department of Mathematics, University of Arizona, Tucson, Arizona.

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Scarsini, M. A note on Bernoulli's principle and probability dominance. J Optim Theory Appl 47, 109–113 (1985). https://doi.org/10.1007/BF00941319

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  • DOI: https://doi.org/10.1007/BF00941319

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