Maxmin expected utility over Savage acts with a set of priors (Q1577928): Difference between revisions
From MaRDI portal
Latest revision as of 13:21, 30 May 2024
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Maxmin expected utility over Savage acts with a set of priors |
scientific article |
Statements
Maxmin expected utility over Savage acts with a set of priors (English)
0 references
27 August 2000
0 references
The authors provide an axiomatic foundation for maximin expected utility over a set of prior decision rules defined on a set of Savage acts. All introduced axioms are discussed. The results are an original extension of the well-known theory.
0 references
expected utility
0 references
uncertainty aversion
0 references
