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Zoekopdracht: faculteit: "FEB" en publicatiejaar: "1987"

AuteurP.P. Wakker
TitelSubjective probabilities for state-dependent continuous utility
TijdschriftMathematical social sciences
Jaargang14
Jaar1987
Pagina's289-298
ISSN01654896
FaculteitFaculteit Economie en Bedrijfskunde
Instituut/afd.FEB: Amsterdam School of Economics Research Institute (ASE-RI)
TrefwoordenDecision-making under risk; Mathematical methods
SamenvattingFor the expected utility model with state dependent utilities, Karni, Schmeidler & Vind (1983, Econometrica) show how to recover uniquely the involved subjective probabilities if the preferences, contingent on a hypothetical probability distribution over the state space, are known. This they do for consequence spaces, consisting of lotteries on sets of prizes. This paper adapts their work to consequence spaces that are connected topological spaces, without using lotteries on them. For example, consequences may now be money or commodity bundles.
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