Subjective probability theory with continuous acts (Q1304445): Difference between revisions
From MaRDI portal
Revision as of 22:46, 28 May 2024
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Subjective probability theory with continuous acts |
scientific article |
Statements
Subjective probability theory with continuous acts (English)
0 references
24 May 2001
0 references
The classical result of Savage's theory of subjective probability is extended: it is proved that the rationality assumptions on preference relations defined for continuous acts imply the existence of unique von Neuman-Morgenstern utility function.
0 references
subjective probability
0 references
uncertainty
0 references
individual decisions
0 references
