On the existence of expected multi-utility representations

DOI10.1007/S00199-007-0252-5MaRDI QIDQ926226zbMATH OpenOpenAlexFDO

Authors Özgür Evren

Publication date 26 May 2008

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00199-007-0252-5

zbMATH Keywords

expected utilityincomplete preference relationmonotoneprize spacerisk-averse

Mathematics Subject Classification ID

Utility theory for games (91A30)

Review text

This paper develops the existence of expected multi-utility representations of an affine pre-order. It is shown that when the pre-order in question is bounded this result extends to the set of lotteries that consists of all probabilities on the prize space. A number of theorems and lemmas are presented for theoretical foundation but without any experiments.

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Cites work

• An Introduction to Banach Space Theory
• Existence of a utility in infinite dimensional partially ordered spaces
• Expected utility theory without the completeness axiom.
• scientific article; zbMATH DE number 3137662 (Why is no real title available?)
• Infinite dimensional analysis. A hitchhiker's guide
• Utility Theory without the Completeness Axiom

Cited in

(23)

• Expected utility theory without the completeness axiom.
• Continuity and completeness of strongly independent preorders
• On the spatial representation of preference profiles
• Utilitarianism with and without expected utility
• Multi-utility representations of incomplete preferences induced by set-valued risk measures
• Expected utility theory on mixture spaces without the completeness axiom
• Topological connectedness and behavioral assumptions on preferences: a two-way relationship
• Subjective expected utility with a spectral state space
• On the jointly continuous utility representation problem
• A strict expected multi-utility theorem
• Risky social choice with incomplete or noisy interpersonal comparisons of well-being
• On continuous multi-utility representations of semi-closed and closed preorders
• Lexicographic expected utility without completeness
• Scalarization methods and expected multi-utility representations
• Multiutility representations for incomplete difference preorders
• Transforming continuous utility into additive utility using kolmogorov's theorem
• Continuity and continuous multi-utility representations of nontotal preorders: some considerations concerning restrictiveness
• A Savage-Like Representation Theorem for Preferences on Multi-acts
• Multiple tastes and beliefs with an infinite prize space
• Bayesian social aggregation with non-Archimedean utilities and probabilities
• Expected multi-utility representations of preferences over lotteries
• Representations of cones and applications to decision theory
• Caution and reference effects

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