Subjective probability theory with continuous acts (Q1304445)
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scientific article; zbMATH DE number 1339894
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| English | Subjective probability theory with continuous acts |
scientific article; zbMATH DE number 1339894 |
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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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0.86839163
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0.8572125
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0.84684813
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0.8449041
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0.8436588
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0.8378259
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