Continuous subjective expected utility with non-additive probabilities
January 1989
Article
volume 18, issue 1 pp 1-27.
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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.
Keywords
Automatically Extracted Terms
- lemma
- proof
- state
- theorem
- wakker
- utility
- function
- comonotonic
- additive value functions
- definition
- additive
- consequence
- relation
- section
- respect
- theorem 5.1
- result
- relation 3
- product topology
- independence
