Arbeitspapier
Subjective expected utility theory without states of the world
This paper develops an axiomatic theory of decision making under uncertainty that dispenses with the state space. The results are subjective expected utility models with unique, action-dependent, subjective probabilities, and a utility function defined over wealth-effect pairs that is unique up to positive linear transformation.
- Language
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Englisch
- Bibliographic citation
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Series: Working Paper ; No. 523
- Classification
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Wirtschaft
Criteria for Decision-Making under Risk and Uncertainty
- Subject
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Subjective expected utility
states of the world
Erwartungsnutzen
Entscheidungstheorie
Prinzipal-Agent-Theorie
Theorie
- Event
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Geistige Schöpfung
- (who)
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Karni, Edi
- Event
-
Veröffentlichung
- (who)
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The Johns Hopkins University, Department of Economics
- (where)
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Baltimore, MD
- (when)
-
2005
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Karni, Edi
- The Johns Hopkins University, Department of Economics
Time of origin
- 2005
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