The UvA-LINKER will give you a range of other options to find the full text of a publication (including a direct link to the full-text if it is located on another database on the internet).
De UvA-LINKER biedt mogelijkheden om een publicatie elders te vinden (inclusief een directe link naar de publicatie online als deze beschikbaar is in een database op het internet).
faculty: "FEB" and publication year: "1984"
| Author||P.P. Wakker|
|Title||Cardinal Coordinate Independence for Expected Utility|
|Journal||Journal of mathematical psychology|
|Faculty||Faculty of Economics and Business|
|Institute/dept.||FEB: Amsterdam School of Economics Research Institute (ASE-RI)|
|Keywords||Utility; Decision-making under uncertainty; Mathematical methods|
|Abstract||A representation theorem for binary relations on (Re)n is derived. It is interpreted in the context of decision making under uncertainty. There we consider the existence of a subjective expected utility model to represent a preference relation of a person on the set of bets for money on a finite state space. The theorem shows that, for this model to exist, it is not only necessary (as has often been observed), but it also is sufficient, that the appreciation for money of the person has a cardinal character, independent of the state of nature. This condition of cardinal appreciation is simple and thus easily testable in experiments. Also it may be of help in relating the neo-classical economic interpretation of cardinal utility to the von Neumann-Morgenstern interpretation.|
Use this url to link to this page: http://dare.uva.nl/en/record/123336
Contact us about this recordNotify a colleague
Add to bookbag