Subjective probability theory with continuous acts (Q1304445): Difference between revisions
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Latest revision as of 09:45, 13 August 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)
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24 May 2001
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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.
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subjective probability
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uncertainty
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individual decisions
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