Maxmin expected utility over Savage acts with a set of priors (Q1577928)
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| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Maxmin expected utility over Savage acts with a set of priors |
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Maxmin expected utility over Savage acts with a set of priors (English)
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27 August 2000
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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.
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expected utility
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uncertainty aversion
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