Subjective expected lexicographic utility with infinite state sets

DOI10.1016/S0304-4068(97)00007-4MaRDI QIDQ1300360zbMATH OpenOpenAlexWikidataFDO

Authors Peter Fishburn, Irving H. La Valle

Publication date 24 November 2002

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

Full work available at URL https://doi.org/10.1016/s0304-4068(97)00007-4

zbMATH Keywords

infinite state setslexicographic utility

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16)

Review text

A theory of subjective expected lexicographic utility is developed for infinite state sets. Two new axioms extend the lexicographic expectation representation to mixtures. Several applications and generalizations are discussed.

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Cited in

(4)

• Note on lexicographic-order preservation and stochastic dominance
• Bayesian social aggregation with non-Archimedean utilities and probabilities
• Quantum information processing, operational quantum logic, convexity, and the foundations of physics
• Lexicographic probability, conditional probability, and nonstandard probability

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