1989
Continuous subjective expected utility with non-additive probabilities
Publication
Publication
Journal of Mathematical Economics , Volume 18 - Issue 1 p. 1- 27
A well-known theorem of Debreu about additive representations of preferences is applied in a non-additive context, to characterize continuous subjective expected utility maximization for the case where the probability measures may be non-additive. The approach of this paper does not need the assumption that lotteries with known (objective) probability distributions over consequences are available.
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| doi.org/10.1016/0304-4068(89)90002-5, hdl.handle.net/1765/23226 | |
| Journal of Mathematical Economics | |
| Organisation | Erasmus School of Economics |
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Wakker, P. (1989). Continuous subjective expected utility with non-additive probabilities. Journal of Mathematical Economics, 18(1), 1–27. doi:10.1016/0304-4068(89)90002-5 |
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