Continuous Subjective Expected Utility with Nonadditive Probabilities
| Authors |
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| Publication date |
1989
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| Journal |
Journal of mathematical economics
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| Volume | Issue number |
18
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| Pages (from-to) |
1-27
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| Organisations |
-
Faculty of Economics and Business (FEB) - Amsterdam School of Economics Research Institute (ASE-RI)
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| Abstract |
A well-known theorem of Debreu about additive representations of preferences is applied in a nonadditive context, to characterize continuous subjective expected utility maximization for the case where the probability measures may be nonadditive. 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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| Document type |
Article
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| Published at |
https://doi.org/10.1016/0304-4068(89)90002-5
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