Continuous subjective expected utility with non-additive probabilities

DOI10.1016/0304-4068(89)90002-5zbMATH Open0662.90008OpenAlexW2069389403MaRDI QIDQ1114571FDOQ1114571

Authors: Peter P. Wakker 

Publication date: 1989

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0304-4068(89)90002-5

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zbMATH Keywords

nonadditive probabilitysubjective probabilitycontinuous subjective expected utility maximizationnonadditive contextrepresentations of preferences

Mathematics Subject Classification ID

Decision theory (91B06) Individual preferences (91B08) Utility theory (91B16) Axioms; other general questions in probability (60A05)

Cites Work

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• A Definition of Subjective Probability
• Expected utility with purely subjective non-additive probabilities
• Integral Representation Without Additivity
• Continuity Properties of Paretian Utility
• Theory of capacities
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• Cardinal coordinate independence for expected utility

Cited In (60)

• Integral with respect to non-additive measure in economics
• Ambiguity aversion, risk aversion, and the weight of evidence
• A note on Wakker's cardinal coordinate independence
• Additive representations on rank-ordered sets. II: The topological approach
• Multisymmetric structures and non-expected utility
• Subjective expected utility without preferences
• A theory of coarse utility
• Maxmin expected utility over Savage acts with a set of priors
• A new integral for capacities
• Title not available (Why is that?)
• Subjective expected utility with non-additive probabilities on finite state spaces
• Introduction to the special issue in honor of Peter Wakker
• Representation of preferences on fuzzy measures by a fuzzy integral
• Advances in prospect theory: cumulative representation of uncertainty
• Recent developments in modeling preferences: Uncertainty and ambiguity
• Dynamically consistent CEU preferences on \(f\)-convex events
• A behavioral foundation for fuzzy measures
• Time continuity and nonadditive expected utility
• From local to global additive representation
• Additive representations of non-additive measures and the Choquet integral
• Under stochastic dominance Choquet-expected utility and anticipated utility are identical
• Subjective probability under additive aggregation of conditional preferences
• Title not available (Why is that?)
• Ambiguity and the Bayesian paradigm
• min, max, and sum
• Fuzzy logic-based generalized decision theory with imperfect information
• Title not available (Why is that?)
• Options traders exhibit subadditive decision weights
• Modeling attitudes towards uncertainty and risk through the use of Choquet integral
• Rank dependent utility for arbitrary consequence spaces
• Title not available (Why is that?)
• Additive representations on rank-ordered sets. I: The algebraic approach
• ``Agreeing to disagree type results under ambiguity
• Choquet expected utility with affine capacities
• From fuzzy set theory to non-additive probabilities: How have economists reacted!
• Nonmonotonic Choquet integrals
• Additively separable representations on non-convex sets
• On the use of capacities in modeling uncertainty aversion and risk aversion
• Unambiguous events and dynamic Choquet preferences
• A sufficient condition for additively separable functions
• Expected utility without continuity: a comment on Delbaen et al. (2011)
• Characterizing optimism amd pessimism directly through comonotonicity
• Subjective utility with upper and lower probabilities on finite states
• Decomposition-integral: unifying Choquet and the concave integrals
• The sure-thing principle and the comonotonic sure-thing principle: An axiomatic analysis
• Calibrated uncertainty
• Theories and cases in decisions under uncertainty
• Subjective Probability and Expected Utility without Additivity
• Stochastic dominance with nonadditive probabilities
• Coherent Dempster-Shafer equilibrium and ambiguous signals
• Preferences representable by a lower expectation: Some characterizations
• How to add apples and oranges: aggregating performances of different nature
• A theory of expected utility with nonadditive probability
• A unified derivation of classical subjective expected utility models through cardinal utility
• Advances in prospect theory: cumulative representation of uncertainty
• Purely subjective maxmin expected utility
• Piecewise additivity for non-expected utility
• Iterated Choquet expectations: a possibility result
• Uncertainty aversion in nonprobabilistic decision models
• Risk-adjusted credibility premiums using distorted probabilities

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