On State Dependent Preferences and Subjective Probabilities

DOI10.2307/1912049MaRDI QIDQ3664772zbMATH OpenOpenAlexFDO

Authors Edi Karni, David Schmeidler, Karl Vind

Publication date 1983

Published in Econometrica (Search for Journal in Brave)

Full work available at URL https://doi.org/10.2307/1912049

zbMATH Keywords

axiomatic characterizationBayesian decision theoryconsistency axiomexpected utility theorystate-dependent preferencessubjective probabilities

Mathematics Subject Classification ID

Bayesian problems; characterization of Bayes procedures (62C10) Decision theory (91B06) Individual preferences (91B08) Utility theory (91B16)

Cited in

(50)

• Imprecise probabilistic beliefs as a context for decision-making under ambiguity
• When is there state independence?
• Living without state-independence of utilities
• On the risk-aversion comparability of state-dependent utility functions
• Mean utility preserving increases in risk for state dependent utility functions
• Consequentialist foundations for expected utility
• Subjective probabilities for state dependent continuous utility
• Lexicographic state-dependent subjective expected utility
• Subjective probabilities and utility with event-dependent preferences
• Risk and risk aversion for state-dependent utility
• The paradox of the Bayesian experts and state-dependent utility theory
• Moral hazard and conditional preferences
• On the uniqueness of subjective probabilities
• Probabilities and beliefs
• Subjective probability under additive aggregation of conditional preferences
• A derivation of expected utilty maximization in the context of a game
• Do bets reveal beliefs? A unified perspective on state-dependent utility issues
• A quantum-probabilistic paradigm: non-consequential reasoning and state dependence in investment choice
• Coherent decision analysis with inseparable probabilities and utilities
• An additively separable representation in the Savage framework
• Harsanyi's social aggregation theorem for state-contingent alternatives
• Concavity, stochastic utility, and risk aversion
• Belief-averaging and relative utilitarianism
• A theoretical foundation of ambiguity measurement
• Aversion to risk of regret and preference for positively skewed risks
• On the robustness of indeterminacy in subjective probability
• Fair social decision under uncertainty and belief disagreements
• Context dependent beliefs
• An expected utility theory for state-dependent preferences
• Preference aggregation under uncertainty: Savage vs. Pareto
• State-dependent utilities
• On a decision rule supported by a forecasting stage based on the decision maker's coefficient of optimism
• Choice and individual welfare
• The impact of the structure of the payoff matrix on the final decision made under uncertainty
• Regular economies with ambiguity aversion
• Expected utility with uncertain probabilities theory
• Markov perfect equilibrium. I: Observable actions
• Universal interactive preferences
• Preference robust state-dependent distortion risk measure on act space and its application in optimal decision making
• A theorem for Bayesian group decisions
• Risk, ambiguity, and state-preference theory
• A note on affine aggregation
• Belief identification by proxy
• Distributional utility preference robust optimization models in multi-attribute decision making
• The effect of exchange rates on statistical decisions
• Foundations of Bayesian theory
• The shape of incomplete preferences
• State-dependent SSB utility
• Derived strengths of preference relations on coordinates
• Transitivity in the small and in the large for states-additive SSB utilities

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