Artikel
Subjective expected utility with state-dependent but action/observation-independent preferences
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. Separate identification has been studied under implicit actions by Drèze or under explicit actions and observations by Karni. This paper complements both approaches and relates them when conditional preferences for final outcomes are independent of actions and observations. That special case permits drastic technical simplification while remaining open to some natural extensions.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Risks ; ISSN: 2227-9091 ; Volume: 6 ; Year: 2018 ; Issue: 2 ; Pages: 1-9 ; Basel: MDPI
- Klassifikation
-
Wirtschaft
Criteria for Decision-Making under Risk and Uncertainty
- Thema
-
expected utility
state-dependent preferences
subjective probability
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Drèze, Jacques H.
- Ereignis
-
Veröffentlichung
- (wer)
-
MDPI
- (wo)
-
Basel
- (wann)
-
2018
- DOI
-
doi:10.3390/risks6020030
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Drèze, Jacques H.
- MDPI
Entstanden
- 2018
Ähnliche Objekte (12)
Subjective expected utility in games
Awareness-dependent subjective expected utility
Objective and subjective expected utility with incomplete preferences
Computing Subjective Expected Utility using Probabilistic Description Logics
Subjective expected utility theory without states of the world
Approximate Expected Utility Rationalization
Expected multi-utility representations
Testing choquet expected utility
Approximate Expected Utility Rationalization
Risk and Expected Utility Theory
Optimal Incentives without Expected Utility
Expected Utility and Catastrophic Risk
Subjective expected utility in games
Awareness-dependent subjective expected utility
Objective and subjective expected utility with incomplete preferences
Computing Subjective Expected Utility using Probabilistic Description Logics
Subjective expected utility theory without states of the world
Approximate Expected Utility Rationalization
Expected multi-utility representations
Testing choquet expected utility
Approximate Expected Utility Rationalization
Risk and Expected Utility Theory
Optimal Incentives without Expected Utility
Expected Utility and Catastrophic Risk
Subjective expected utility in games
Awareness-dependent subjective expected utility
Objective and subjective expected utility with incomplete preferences
Computing Subjective Expected Utility using Probabilistic Description Logics
Subjective expected utility theory without states of the world
Approximate Expected Utility Rationalization
Expected multi-utility representations
Testing choquet expected utility
Approximate Expected Utility Rationalization
Risk and Expected Utility Theory
Optimal Incentives without Expected Utility