1990-09-01
Under stochastic dominance Choquet-expected utility and anticipated utility are identical
Publication
Publication
Theory and Decision: an international journal for multidisciplinary advances in decision sciences , Volume 29 - Issue 2 p. 119- 132
The aim of this paper is to convince the reader that Choquet-expected utility, as initiated by Schmeidler (1982, 1989) for decision making under uncertainty, when formulated for decision making under risk naturally leads to anticipated utility, as initiated by Quiggin/Yaari. Thus the two generalizations of expected utility in fact are one.
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| , , , , , , , , | |
| doi.org/10.1007/BF00126589, hdl.handle.net/1765/23222 | |
| Theory and Decision: an international journal for multidisciplinary advances in decision sciences | |
| Organisation | Erasmus School of Economics |
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Wakker, P. (1990). Under stochastic dominance Choquet-expected utility and anticipated utility are identical. Theory and Decision: an international journal for multidisciplinary advances in decision sciences, 29(2), 119–132. doi:10.1007/BF00126589 |
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